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Yeti: 4Q Earnings Snapshot

AUSTIN, Texas — Yeti Holdings Inc. (YETI) on Thursday reported fourth-quarter earnings of $4.7 million.

The Austin, Texas-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The maker of outdoor and recreational products posted revenue of $297.6 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $279 million.

For the year, the company reported profit of $50.4 million, or 58 cents per share. Revenue was reported as $913.7 million.

Yeti expects full-year earnings in the range of $1.34 to $1.39 per share.

Yeti shares have decreased slightly since the beginning of the year. The stock has climbed 88% in the last 12 months.

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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

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