Yeti Raised Outlook, Beat Estimates on Strong Drinkware Sales. But Cost Is an Issue.
Yeti’s stock was mixed on Wednesday after the maker of high-end coolers, steel tumblers, and other outdoor gear beat quarterly estimates, lifted financial forecasts but highlighted cost pressures.
Adjusted earnings per share of 33 cents in the first-quarter was slightly higher than analysts’ estimates of 32 cents, according to FactSet data. Revenue of $293.6 million came in higher than the $290.5 million analysts were predicting.
Drinkware...