YETI Holdings jumps after Q1 results beat

YETI Holdings

09/05/2024 12:50

** Shares of water bottle maker YETI Holdings  YETI.N  jump
12% to $39 premarket 
    ** Co reports Q1 sales of $341.4 mln, beating analysts'
estimates of $333.3 mln - LSEG data 
    ** Q1 adj. profit of 34 cents/share above estimated 25
cents/share
    ** Sees FY adj. EPS in the range of $2.49-$2.62, compared to
expectations of $2.49 
    ** Q1 results highlighted by double-digit growth across both
wholesale and direct-to-consumer channels - CEO Matt Reintjes 
    ** Six brokerages maintain a "buy" or higher rating on co,
while 10 rate it "hold" and one "sell"; median PT at $42.50 -
LSEG data 
    ** Stock has lost over 30% so far this year 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))