Reflecting On Leisure Products Stocks’ Q3 Earnings: YETI (NYSE:YETI)

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the leisure products stocks, including YETI (NYSE:YETI) and its peers.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 14 leisure products stocks we track reported a slower Q3. As a group, revenues beat analysts’ consensus estimates by 0.6% while next quarter’s revenue guidance was 1.1% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5% since the latest earnings results.

YETI (NYSE:YETI)

YETI reported revenues of $478.4 million, up 10.4% year on year. This print exceeded analysts’ expectations by 1.5%. Overall, it was a satisfactory quarter for the company with a decent beat of analysts’ EPS estimates.

Matt Reintjes, President and Chief Executive Officer, commented, “Our positive momentum continued in the third quarter, with strong performance across our product portfolio and robust growth in our international business.”

YETI pulled off the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 6.6% since reporting and currently trades at $38.51.

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Best Q3: American Outdoor Brands (NASDAQ:AOUT)

American Outdoor Brands reported revenues of $60.23 million, up 4% year on year, outperforming analysts’ expectations by 13.1%. The business had an incredible quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

American Outdoor Brands scored the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 37.3% since reporting. It currently trades at $14.97.

Weakest Q3: Clarus (NASDAQ:CLAR)

Clarus reported revenues of $67.12 million, down 17.4% year on year, falling short of analysts’ expectations by 8.1%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts’ expectations.

Clarus delivered the weakest full-year guidance update in the group. As expected, the stock is down 7.4% since the results and currently trades at $4.40.

Johnson Outdoors (NASDAQ:JOUT)

Johnson Outdoors reported revenues of $105.9 million, up 9.9% year on year. This result came in 7.9% below analysts' expectations. It was a disappointing quarter as it also produced a significant miss of analysts’ EPS estimates.

The stock is down 4.6% since reporting and currently trades at $33.

Malibu Boats (NASDAQ:MBUU)

Malibu Boats reported revenues of $171.6 million, down 32.9% year on year. This number surpassed analysts’ expectations by 2.6%. Overall, it was a stunning quarter as it also produced a solid beat of analysts’ EPS and EBITDA estimates.

Malibu Boats had the slowest revenue growth among its peers. The stock is down 11% since reporting and currently trades at $37.59.

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This content was originally published on Stock Story