Are you familiar with the U.S. stock YETI Holdings (ticker symbol: YETI)?
It is a company that designs, markets, and distributes products for the outdoor and recreational markets.
In this article, we will take a look at the company’s financial results for the period January-March 2021, which were announced on May 13, 2021.
January to March 2021
EPS is 38¢ vs. 21¢ expected.
Net sales: $248 million vs. forecast of $218 million.
Sales growth was +42.0% YoY.
Cooler sales were $93 million, up 57% from the same period last year.
Wholesale sales were $121 million, up 27% from the same period last year.
Direct-to-consumer sales were $127 million, up 59% from the same period last year.
Gross profit was $145 million, up 57% from the same period last year.
The gross profit margin was 58.6%. In the same period last year, it was 53.0%.