Booming Cooler Sales Help Yeti Beat Profit and Sales Estimates
YETIYETI(YETI) Investopedia·2024-08-09 03:11

Key TakeawaysYeti 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 better-than-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 1 ...