YETI Reports First Quarter 2021 Results
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Yeti Holdings Inc. (YETI) PT Raised to $88 at Stifel on Strong Earnings
May 13, 2021 1:41 PM EDTStifel analyst Jim Duffy raised the price target on Yeti Holdings Inc. (NYSE: YETI) to $88.00 (from $74.00) while maintaining a Hold rating.
The analyst commented, "1Q results are solid validation of brand momentum with DTC strength, wholesale channel inventories still lean, and growth balanced between... More
YETI Holdings, Inc. (YETI) Tops Q1 EPS by 17c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
May 13, 2021 6:05 AM EDTYETI Holdings, Inc. (NYSE: YETI) reported Q1 EPS of $0.38, $0.17 better than the analyst estimate of $0.21. Revenue for the quarter came in at $247.6 million versus the consensus estimate of $220.37 million.
Matt Reintjes, President and Chief Executive Officer, commented, YETI had an exceptional start to the year with first quarter net sales growth of 42% fueled by continued strong demand for the brand throughout the period. Significant gross margin expansion powered nearly a 700-basis point improvement in operating margin for the period, contributing to a more than three-fold increase in earnings per share.
Mr. Reintjes added, Building... More
