YETI Reports First Quarter 2021 Results
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May 13, 2021 1:41 PM EDT
Stifel 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
May 13, 2021 6:05 AM EDT
YETI 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
