Yeti Holdings eyes best day on Q3 profit beat

YETI Holdings

10/11/2022 15:45

** Shares of outdoor recreational product maker Yeti
Holdings  YETI.N  surge 22.1% to $37.02 in morning trade; set
for biggest one-day pct gain 
    ** Co reports Q3 adj. Earnings of 63 cents/shr vs analysts'
estimates of 58 cents/shr, as per Refnitiv IBES data; beats EPS
estimates for nine out of ten quarters
    ** YETI also reports quarterly revenue of $433.6 mln, a 20%
y-o-y increase; says customer retention, customer acquisition
and international expansion led to rise in sales
    ** Co maintains and narrows FY22 adj EPS forecasts to
$2.36/shr vs prior est in range of $2.34/shr-$2.46/shr; says
expectations for H2 have not changed
    ** Stock down 56.1% YTD vs 35.5% decline in S&P Composite
1500 Consumer Discretionary index  .SPCOMD 
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))