Yeti: Q1 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Yeti Holdings Inc. (YETI) on Thursday reported first-quarter profit of $10.6 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 12 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The maker of outdoor and recreational products posted revenue of $302.8 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $291.7 million.

Yeti expects full-year earnings in the range of $2.12 to $2.23 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YETI at https://www.zacks.com/ap/YETI

Advertisement

Recommended Stories