Yeti: Q4 Earnings Snapshot

Associated Press Finance
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AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Yeti Holdings Inc. (YETI) on Thursday reported fourth-quarter net income of $78.6 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 90 cents.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The maker of outdoor and recreational products posted revenue of $519.8 million in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $538.2 million.

For the year, the company reported profit of $169.9 million, or $1.94 per share. Revenue was reported as $1.66 billion.

Yeti expects full-year earnings in the range of $2.45 to $2.50 per share.

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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

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