YETI Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2021
November 11, 2021 at 06:00 am EST
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YETI Holdings, Inc. reported earnings results for the third quarter and nine months ended October 02, 2021. For the third quarter, the company reported sales was USD 362.64 million compared to USD 294.6 million a year ago. Net income was USD 52.97 million compared to USD 51.45 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.58 a year ago.
For the nine months, sales was USD 967.86 million compared to USD 715.95 million a year ago. Net income was USD 139.72 million compared to USD 93.41 million a year ago. Basic earnings per share from continuing operations was USD 1.6 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 1.58 compared to USD 1.07 a year ago.
YETI Holdings, Inc. is a designer, retailer, and distributor of outdoor products. The Company's product portfolio consists of three categories: Coolers & Equipment; Drinkware, and Other. Its Coolers & Equipment family is comprised of hard coolers, soft coolers, cargo, bags, outdoor living, and associated accessories. Its hard cooler category includes YETI Tundra, YETI Roadie, YETI V Series hard coolers, YETI TANK ice, and YETI Silo 6G water cooler bucket. Its Hopper soft cooler product line includes Hopper M15 Soft Cooler, Hopper M12 Soft Backpack Cooler, Hopper M30 Soft Cooler, Hopper Flip Soft Cooler, and Daytrip Lunch Bag, among others. Its Drinkware product line consists of Rambler Colsters, Rambler Lowball, Rambler Wine Tumblers, Rambler Stackable Pints, Rambler Mugs, Rambler Tumblers, Rambler Straw Mugs and Cups, Rambler Bottles, Rambler Jugs and Yonder Water Bottles. Its Other category offers an array of apparel and gear, such as hats, shirts, bottle openers and ice substitutes.