YETI Holdings Q1 Adj $0.34 Beats $0.24 Estimate, Sales $341.39M Beat $333.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
YETI Holdings reported Q1 adjusted earnings of $0.34 per share, surpassing the $0.24 estimate, a 41.67% beat, and an 88.89% increase from last year's $0.18. Sales reached $341.39M, exceeding the $333.31M estimate by 2.43%, marking a 12.75% increase from the previous year's $302.80M.
May 09, 2024 | 10:01 am
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POSITIVE IMPACT
YETI Holdings exceeded Q1 earnings and sales estimates, with significant year-over-year growth in both metrics.
YETI Holdings' substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and the stock price in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its products. This positive news could lead to increased investor confidence and potential upward movement in YETI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100