YETI Holdings, Inc. announced robust financial results for the third quarter ended September 28, 2024, with net sales increasing 10% to $478.4 million compared to the same period last year. Adjusted net income per diluted share rose 18% to $0.71, surpassing prior year figures.
The company's international business demonstrated significant strength, achieving its fourth consecutive quarter of over 30% sales growth outside the United States. This performance underscores the success of YETI's global expansion strategy and brand resonance in new markets.
Operationally, YETI commenced production at its second drinkware facility located outside of China during the quarter, advancing its supply chain diversification efforts. Based on this strong execution, the company updated its full-year 2024 EPS outlook to the high-end of its previous range, signaling confidence in its ongoing performance.
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