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YETI Holdings, Inc (YETI) Q2 2021 Earnings Call Transcript
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Yeti: Q2 Earnings Snapshot
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That product enables customers to use the buy now, pay later service regardless of whether the merchant has an agreement with Afterpay.
“In-store [activity] is expected to further accelerate following the launch of the Afterpay Card in Australia,” the company stated in its April quarterly update.
Afterpay shares have had a wild ride this year. Starting the year at $119, it surpassed $160 during intra-day trading in February, then dipped as low as $84.50 last month.
They were sitting at $122.90 after close of trading on Wednesday night, after gaining 3.17% during the day.
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Last Updated May 13, 2021 at 7:25 am ADT
AUSTIN, Texas (AP) Yeti Holdings Inc. (YETI) on Thursday reported first-quarter net income of $30.5 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 35 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The maker of outdoor and recreational products posted revenue of $247.6 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $221.8 million.
Yeti expects full-year earnings in the range of $2.28 to $2.32 per share.