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Article Date: August 2020
Word Count: 381

Yeti DTC Drives Q2 Gains


Net income jumped 51% to $33,482,000 in the second quarter from $22,223,000 on revenues that were up 7% to $246,938,000 from $231,654,000, bouncing back from a near 30% decline in April as wholesale partners reopened and corporate sales rebounded through May and June. DTC was up 61% to $133.0 million over $82.5 million with growth in both Coolers & Equipment and Drinkware. The channel benefitted from surging demand for outdoor recreation and leisure lifestyle products during pandemic lockdowns. Yeti.com led the channel with triple-digit growth in each month of the quarter, even as brick-and-mortar wholesale partners reopened. The Amazon marketplace ... Log in to view full article.

 


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