Delivery alert

There may be an issue with the delivery of your newspaper. This alert will expire at NaN. Click here for more info.

Recover password

Yeti: 4Q Earnings Snapshot

AUSTIN, Texas — Yeti Holdings Inc. (YETI) on Thursday reported fourth-quarter earnings of $25.2 million.

The Austin, Texas-based company said it had profit of 30 cents per share. Earnings, adjusted for one-time gains and costs, were 38 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The maker of outdoor and recreational products posted revenue of $241.2 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $241.1 million.

For the year, the company reported profit of $57.8 million, or 69 cents per share. Revenue was reported as $778.8 million.

Yeti expects full-year earnings in the range of 99 cents to $1.04 per share, with revenue in the range of $868.4 million to $880.1 million.

Yeti shares have climbed 26 percent since the beginning of the year.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YETI at https://www.zacks.com/ap/YETI

AlertMe

Advertisement

TOP |