Booming Cooler Sales Help Yeti Beat Profit and Sales Estimates
YETI(YETI) Investopedia·2024-08-09 03:11
Key Takeaways Yeti posted quarterly profit and sales that exceeded forecasts on strong demand for its coolers. International sales also increased. Yeti raised its full-year guidance for adjusted earnings per share and revenue. Yeti Holdings (YETI) shares surged Thursday as the maker of insulated food and drink holders reported betterthan-expected results and raised its guidance as demand for its coolers jumped. The company posted second-quarter adjusted earnings per share (EPS) of $0.70, with revenue rising ...