May 13, 2021
File photo courtesy of Yeti
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Net Sales Increased 42%
EPS Increased to $0.35 from $0.10
Adjusted EPS Increased to $0.38 from $0.11
Raises 2021 Outlook
AUSTIN, Texas–(BUSINESS WIRE)– YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the first quarter ended April 3, 2021.
Matt Reintjes, President and Chief Executive Officer, commented, “YETI had an exceptional start to the year with first quarter net sales growth of 42% fueled by continued strong demand for the brand throughout the period. Significant gross margin expansion powered nearly a 700-basis point improvement in operating margin for the period, contributing to a more than three-fold increase in earnings per share.”