YETI: Great Buy Amid International Growth And Supply Chain Expansion
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YETI's stock has declined by 20% over the past year, making it an attractive buy at a forward P/E of 13x. The company is experiencing over 30% growth in international sales and expanding into new product categories like cookware, potentially increasing its total addressable market by $10 billion. YETI is also mitigating tariff risks by shifting Drinkware production outside of China, targeting 50% by 2025.
January 11, 2025 | 3:00 am
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YETI's stock has dropped 20% over the past year, offering a buying opportunity at a forward P/E of 13x. The company is seeing strong international sales growth and expanding into new product categories, which could increase its market by $10 billion. YETI is also reducing tariff risks by moving Drinkware production outside China.
YETI's stock price has decreased significantly, making it more attractive to investors. The company's strong international sales growth and expansion into new product categories suggest potential revenue increases. Additionally, the strategic move to reduce tariff exposure by shifting production outside China is a positive development, likely to improve investor sentiment.
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