Yeti Holdings rises on upbeat Q1 earnings

YETI Holdings

11/05/2022 13:17

** Outdoor recreational product maker's shares  YETI.N  up
4% at $45.75 premarket
    ** Company beats Q1 revenue and profit estimates and also
raises full-year 2022 adjusted profit forecast  urn:newsml:reuters.com:*:nASA03BKD
    ** Q1 revenue up 19% at $293.6 mln, vs est $290.3 mln -
Refinitiv data
    ** Company posts Q1 adj profit of 33 cents/shr vs est 32
cents/shr
    ** Company's gross margin falls 590 basis points on higher
inbound freight costs  urn:newsml:reuters.com:*:nBw2kqcZa
    ** As of Tuesday's close, stock down ~47% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))