YETI Holdings (NYSE:YETI) saw its shares rise by over 7% in pre-market today following its Q2 report that exceeded expectations, driven by stronger margins and improved guidance.
The company reported a 10% drop in adjusted EPS to $0.57, surpassing the expected $0.46. While quarterly revenue fell by 4% to $402.6 million, adjusted sales, excluding the impact of the recall reserve adjustment, climbed 2% to $427.1 million, beating the anticipated $411.81 million.
Looking ahead, the company revised its full-year guidance, now anticipating a 4% to 5% growth in adjusted sales, up from the earlier 3% to 5%. Adjusted EPS is expected to range between $2.23 and $2.32, an increase from the prior $2.12 to $2.23, beating the Street estimate of $2.19.