YETI Holdings, Inc. (YETI) Tops Q1 EPS by 3c; reiterates outlook

YETI Holdings, Inc. (NYSE: YETI) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $302.8 million versus the consensus estimate of $292.41 million.

Mr. Reintjes: “We believe we are in a strong position to deliver upon our full year outlook. In an environment with ample uncertainty remaining across macroeconomic and consumer behavior, we continue to take a prudently cautious approach to our outlook, particularly with our largest quarters ahead. Supported by our ongoing execution across brand and product, we remain confident in our path ahead as we look to return to double-digit sales growth in the fourth quarter with the return of our full soft cooler line. In addition, we also remain confident in our ability to steadily improve our gross margin profile as we go through the year. Finally, we believe the investments we are making this year will fuel our future growth on a global basis as we look out over the longer term.”

For earnings history and earnings-related data on YETI Holdings, Inc. (YETI) click here.

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