YETI Holdings, Inc. (NYSE: YETI) reported Q3 EPS of $0.24. Revenue for the quarter came in at $196.1 million.

• Net sales increased 7% to $196.1 million
• Gross margin improved 480 basis points to 49.7%
• Net income increased 51% to $17.0 million, or $0.21 per diluted share
• Adjusted Net Income grew 81% to $20.2 million, or $0.24 per diluted share
• Adjusted EBITDA increased 26% to $38.4 million

Matt Reintjes, President and Chief Executive Officer of YETI Holdings, Inc., commented, “We are pleased with our performance in the third quarter which resulted in a significant increase in both gross margin and net income. We continue to support and stoke a passionate customer base, design and develop superior product, and optimally balance our omni-channel distribution. Looking ahead, we remain committed to executing against our growth strategies through expanding our customer base as we drive brand awareness, introducing new and innovative products, accelerating DTC sales and expanding our international presence. YETI is an exceptional brand with enormous opportunity. I want to thank all of our customers and YETI employees whose passion has built YETI into the brand it is today.”

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