YETI FY 2023 Earnings Report — YETI Holdings, Inc. Revenue & Financial Results | Market Cap Arena

YETI Holdings, Inc.YETI

FY 2023 Earnings

Reported February 26, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	4.0%
Op. Income	$225M	—	$126M	—	78.4%
Gross Margin	56.9%	—	47.9%	—	9.0pp
Net Margin	10.2%	—	5.6%	—	4.6pp
EPS (Diluted)	$1.94	—	$1.03	—	88.3%
Free Cash Flow	$213M	—	$44M	—	384.5%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$716M
GROSS PROFIT	$943M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$718M
Other Expenses	$0
Operating Expenses	$718M
Cost & Expenses	$1.4B
OPERATING INCOME	$225M
Interest Income	$668.0K
Interest Expense	$2M
Other Income/Expenses	$488.0K
INCOME BEFORE TAX	$226M
Income Tax Expense	$56M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$46M
EBIT	$227M
EBITDA	$273M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$716M
GROSS PROFIT	$943M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$718M
Other Expenses	$0
Operating Expenses	$718M
Cost & Expenses	$1.4B
OPERATING INCOME	$225M
Interest Income	$668.0K
Interest Expense	$2M
Other Income/Expenses	$488.0K
INCOME BEFORE TAX	$226M
Income Tax Expense	$56M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$46M
EBIT	$227M
EBITDA	$273M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$170M
Depreciation & Amortization	$46M
Stock-Based Compensation	$30M
Deferred Income Tax	$26M
Other Non-Cash Items	-$407.0K
Change in Working Capital	$15M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$73M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$213M
Net Change in Cash	$204M

Balance Sheet

Item	Amount
Cash & Equivalents	$439M
Short-Term Investments	$0
Net Receivables	$96M
Inventory	$337M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$914M
PP&E (Net)	$208M
Goodwill	$54M
Intangible Assets	$118M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$383M
TOTAL ASSETS	$1.3B
Account Payables	$190M
Short-Term Debt	$4M
Deferred Revenue	$22M
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$398M
Long-Term Debt	$75M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$175M
TOTAL LIABILITIES	$574M
Common Stock	$886.0K
Additional Paid-In Capital	$386M
Retained Earnings	$438M
Treasury Stock	-$100M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$724M
Minority Interest	$0
TOTAL EQUITY	$724M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$176M
Net Debt	-$263M