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Article Date: February 2024
Word Count: 565

Yeti Guides Conservatively for 2024, as Recall Impacts Recede


The bottom line swung back to $78,593,000 in profit from last year’s $27,738,000 loss on sales of $519,793,000, up 16% over $447,996,000, benefitting from a positive $2.8 million impact from recall reserves compared to a $38.4 million hit from the recall in the prior year. Backing out the recall, sales increased 6% to $517.0 million for the quarter. DTC grew 11% to $344.9 million helped by Holiday drinkware sales on Amazon Marketplace, along with new store contributions from five location, putting the fleet at 18. Wholesale returned to growth in the ... Log in to view full article.

 


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