YETI Holdings Inc (YETI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 943,186 | 794,994 | 766,150 | 770,411 | 763,401 | 851,175 | 835,771 | 825,789 | 816,113 | 786,148 | 753,121 | 681,529 | 628,803 | 566,293 | 512,393 | 491,145 | 475,314 | 440,808 |
| Revenue (ttm) | US$ in thousands | 1,658,713 | 1,586,916 | 1,586,911 | 1,604,390 | 1,595,222 | 1,590,351 | 1,519,438 | 1,457,063 | 1,410,989 | 1,343,632 | 1,275,592 | 1,164,863 | 1,091,721 | 1,013,555 | 948,077 | 932,793 | 913,734 | 857,311 |
| Gross profit margin | 56.86% | 50.10% | 48.28% | 48.02% | 47.86% | 53.52% | 55.01% | 56.67% | 57.84% | 58.51% | 59.04% | 58.51% | 57.60% | 55.87% | 54.05% | 52.65% | 52.02% | 51.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $943,186K ÷ $1,658,713K
= 56.86%
YETI Holdings Inc's gross profit margin has shown some variability over the past few quarters. The gross profit margin ranged from a high of 59.04% in June 2021 to a low of 48.02% in March 2023. Overall, the trend appears to be fluctuating, with some quarters demonstrating higher margins compared to others. It is essential for the company to monitor and manage factors affecting gross profit margin, such as production costs, pricing strategies, and sales volumes, to ensure sustained profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
YETI Holdings Inc
YETI
56.86%
Callaway Golf Company
MODG
72.77%