Here's Why Yeti Stock Fell Today
YETI(YETI) The Motley Fool·2024-02-16 01:11
Shares of outdoor products company Yeti Holdings (YETI -13.72%) fell on Thursday after the company reported financial results for the fourth quarter of 2023 that were below Wall Street's expectations. Moreover, management wasn't as upbeat about 2024 as investors would have hoped. As a result, Yeti stock was down 15% as of 11:15 a.m. ET.A slow 2023 for YetiYeti makes premium coolers, drinkware, and other products. As consumers' budgets become more stretched due to inflation, premium brands such as Yeti are e ...