Why Drinkware Maker YETI Holdings Shares Are Falling Today



YETI Holdings, Inc. (NYSE:YETI) shares are falling in the morning session on Thursday.

The company reported adjusted earnings per share of 90 cents, missing the street view of 96 cents. 

The company reported net sales of $519.79 million, missing the street view of $535.95 million. Fourth quarter net sales increased 16%, while adjusted net sales increased 6%.

Quarterly net sales were highlighted by a 12% increase in Drinkware net sales and a 44% increase in International net sales. YETI Holdings’ fourth quarter International adjusted net sales increased 39%.

Direct-to-consumer channel sales increased 11% to $344.9 million, and wholesale …

Full story available on Benzinga.com


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