Let's dig into the relative performance of YETI (NYSE:YETI) and its peers as we unravel the now-completed Q4 leisure products earnings season.

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 12 leisure products stocks we track reported a weak Q4; on average, revenues missed analyst consensus estimates by 1.3%. while next quarter's revenue guidance was 11.6% below consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, and while some of the leisure products stocks have fared somewhat better than others, they collectively declined, with share prices falling 2% on average since the previous earnings results.

YETI (NYSE:YETI)

Founded by two brothers from Texas, YETI (NYSE:YETI) specializes in durable outdoor goods including coolers, drinkware, and gear tailored for adventure enthusiasts.

YETI reported revenues of $519.8 million, up 16% year on year, falling short of analyst expectations by 3%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' revenue estimates.

Matt Reintjes, President and Chief Executive Officer, commented, “In the fourth quarter, we saw strength in a number of key areas of our business. Our Drinkware business grew 12%, pushing the category to over $1 billion in annual sales. Also, our international expansion continued in the fourth quarter, with our business outside the US growing 39%. Despite strong topline performance in these areas, our fourth quarter results were below our guidance, primarily as a result of more cautious and inconsistent spending on high-priced ticket items in our Coolers & Equipment category. Gross margins continued to expand in the fourth quarter, reaching an all-time high of over 60 percent, which supported a return of adjusted operating margin expansion. And we exited the year with our strongest balance sheet to-date, including a record cash position of nearly $440 million.”

YETI achieved the fastest revenue growth of the whole group. The stock is down 21.2% since the results and currently trades at $38.

Read our full report on YETI here, it's free.

Best Q4: Smith & Wesson (NASDAQ:SWBI)

With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.

Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

The stock is up 28.2% since the results and currently trades at $17.23.

Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.

Slowest Q4: Brunswick (NYSE:BC)

Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.

Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and underwhelming earnings guidance for the full year.

The stock is up 12.6% since the results and currently trades at $90.74.

Read our full analysis of Brunswick's results here.

Malibu Boats (NASDAQ:MBUU)

Founded in California in 1982, Malibu Boats (NASDAQ:MBUU) is a manufacturer of high-performance sports boats and luxury watercrafts.

Malibu Boats reported revenues of $211.1 million, down 37.7% year on year, falling short of analyst expectations by 4.1%. It was a mixed quarter for the company, with a miss of analysts' revenue estimates.

Malibu Boats had the slowest revenue growth among its peers. The stock is down 18.1% since the results and currently trades at $41.77.

Read our full, actionable report on Malibu Boats here, it's free.

Acushnet (NYSE:GOLF)

Producer of the acclaimed Titleist Pro V1 golf ball, Acushnet (NYSE:GOLF) is a design and manufacturing company specializing in performance-driven golf products.

Acushnet reported revenues of $413 million, down 7.7% year on year, falling short of analyst expectations by 3.8%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.

Acushnet scored the highest full-year guidance raise among its peers. The stock is down 10.2% since the results and currently trades at $62.07.

Read our full, actionable report on Acushnet here, it's free.

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