Yeti Raises Outlook after Stellar Final Quarter
Sales in the fourth quarter increased 19% to $241.2 million driven by a 45% jump in direct-to-consumer sales to $110.5 million, while the wholesale channel increased 4% to $130.7 million, and margins were better than expected, YETI said in a release. Drinkware sales gained 24% to $143.5 million in Q4, and Coolers & Equipment sales increased 10% to $91.2 million. For the full year, sales increased 22% to $778.8 million, handily exceeding its guidance for 19% to 20% top line growth. The DTC ... Log in to view full article.