YETI Reports First Quarter 2019 Results
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YETI Holdings, Inc. (YETI) Tops Q1 EPS by 6c, Revenues Beat; Raises FY19 EPS Guidance
May 2, 2019 6:09 AM EDTYETI Holdings, Inc. (NYSE: YETI) reported Q1 EPS of $0.08, $0.06 better than the analyst estimate of $0.02. Revenue for the quarter came in at $155.4 million versus the consensus estimate of $143.17 million.
Q1 2019 Highlights
Net sales increased 15% to $155.4 million compared with $135.3 million during the same period last year. Net sales growth benefited by approximately 400 basis points from shipments late in the quarter that were expected to ship in the second quarter.
Direct-to-consumer (DTC) channel net sales increased 28% to $61.7 million, compared to $48.3 million in the prior year quarter, led by strong performance in the Drinkware... More