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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 478M | 3.2% |
| Gross Profit | 278M | 5.1% |
| Cost of Revenue | 201M | 0.8% |
| Operating expense | 208M | 5.7% |
| Net Income | 56M | 11.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.27B | 3.3% |
| Total Liabilities | 503M | 4.4% |
| Total Equity | 770M | 9.1% |
| Shares Outstanding | 85M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 84M | 49.2% |
| Cash from investing | -15M | 1.3% |
| Cash from financing | -1.7M | 42.6% |
EPS
Financial Highlights for YETI in Q3 '24
YETI reported a revenue of 478M, which is a 3.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 278M, marking a 5.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 201M, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 208M, showing a 5.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 56M, showing a 11.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for YETI with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
