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Stock impact report

Yeti beats earnings expectations, raises guidance [MarketWatch]

YETI Holdings, Inc. (YETI) 
Last yeti holdings, inc. earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Yeti beats earnings expectations, raises guidance Yeti Holdings Inc. YETI, -0.34% reported Thursday second-quarter earnings that beat expectations and raised its full-year outlook. The stock was still inactive in premarket trading. Net income rose to $22.2 million, or 26 cents a share, from $18.8 million, or 23 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS rose to 33 cents from 28 cents, above the FactSet consensus of 30 cents. Revenue rose to $231.7 million from $206.3 million a year ago, to beat the FactSet consensus of $226.2 million. Drinkware sales grew 16% to $117.0 million, above the FactSet consensus of $112.7 million, while coolers and equipment sales increased 9% to $109.1 million to beat expectations of $104.8 million. For 2019, the company raised its sales growth guidance range to 13.5% to 14.0% from 11.5% to 13.0% and its adjusted EPS outlook to $1.07 to $1.09 from $1.02 to $1.06. The stock has more than doubled (up 134%) yea Show less Read more
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