After posting net income growth of 32% to $50,396,000 versus $38,071,000 in Q2 ended June 29, the outdoor products company raised its FY24 outlook. Yeti is now forecasting annual adjusted sales growth of 8% to 10% versus 7% to 9% previously and an adjusted operating income as percentage of adjusted sales at 16.5%.

In the seasonally strong Q2, Yeti’s total revenues grew by 15% to $463,499,000 from $402,563,000 as key product segments posted double-digit sales increases. Adjusted coolers & equipment sales rose by 9% to $205.9 million and adjusted drinkware sales increased ... Log in to view full article.