Yeti Holdings Jumps Higher After Earnings Cools Investors Worries

1722
  • Shares of Yeti Holdings (NYSE: YETI) jumped higher Thursday morning after the company announced earnings that topped analyst expectations
  • Profits rose to $25.2 million while revenue jumped to $241.2 million for the quarter
  • Yeti also announced upbeat outlook for 2019
  • Adjusted EPS of 99 cents to $1.04, above the analyst expectations of 96 cents

Matt Reintjes, President and Chief Executive Officer of YETI Holdings, Inc., commented, “We finished 2018 with significant momentum in our business as we delivered full year results well above our original outlook and solidly at the high end of the revised outlook. We are extremely pleased with the strength in our business as our brand and products continue to resonate with consumers across all markets. We look forward to building on that momentum throughout 2019 as we continue to expand our customer base, drive product innovation, grow our direct-to-consumer business, and expand internationally.”

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