YETI Latest Report

Performance of the Current Financial Report

Based on the provided data, YETI Holdings's total operating revenue on December 28, 2024 was RMB546,540,000. Although the year-on-year change rate cannot be directly calculated, according to the data in 2023, YETI achieved an operating revenue of approximately USD184 million in 2023, up 9% YoY. The predicted revenue growth in 2024 is 7%-9%. This indicates that YETI's performance in the market is relatively stable and has certain growth potential.

Key Data in the Financial Report

1. In 2023, YETI's total operating revenue was USD184 million, up 9% YoY.

2. YETI's predicted total operating revenue in 2024 is expected to grow by 7%-9% YoY.

3. YETI's thermos business grew by 13% YoY in the first quarter of 2024.

4. In the third quarter of 2024, YETI's net sales reached USD478 million, up 10% YoY.

Peer Comparison

1. Industry-wide analysis: The change in total operating revenue of the outdoor products industry is affected by seasonality and consumer preferences. If the industry as a whole grows, this usually indicates that consumers' interest in outdoor activities is increasing, and may reflect effective sales strategies of industry competitors.

2. Peer evaluation analysis: If YETI's total operating revenue grows faster than the industry average, it indicates that its market share is expanding and competitiveness is enhanced; otherwise, its market strategy or product line adjustment needs to be paid attention to.

Summary

YETI Holdings performed well in 2023, with a 9% YoY growth in total operating revenue. The prediction in 2024 shows continued growth potential, especially in its thermos business. Despite the complex industry environment, YETI's market strategy seems to be effectively driving its revenue growth.

Opportunities

1. With the surge in outdoor activities, the demand for YETI's products is expected to continue increasing.

2. Effective product innovation and marketing strategies may attract more consumers, driving revenue growth.

3. If the overall outdoor products market continues to grow, YETI as an industry participant will benefit from a good industry environment.

Risks

1. Intensified industry competition may affect YETI's market share and profitability.

2. Uncertainty in the macroeconomic environment may affect consumers' purchasing power and willingness to consume.

3. Failure to adjust product strategies in time to adapt to market changes may lead to a slowdown in revenue growth.