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Yeti: 2Q Earnings Snapshot

August 1, 2019

AUSTIN, Texas (AP) _ Yeti Holdings Inc. (YETI) on Thursday reported second-quarter net income of $22.2 million.

On a per-share basis, the Austin, Texas-based company said it had profit of 26 cents. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The maker of outdoor and recreational products posted revenue of $231.7 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $224.2 million.

Yeti expects full-year earnings in the range of $1.07 to $1.09 per share.

Yeti shares have more than doubled since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YETI at https://www.zacks.com/ap/YETI

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