Net income increased 51% to $17,030,000 from $11,271,000 in the third quarter ended Sep. 29, in YETI’s first report as a public company, on 7% higher revenues of $196,109,000 up from $183,032,000, driven by higher e-commerce and drinkware sales. Gross margin expanded 480 basis points to 49.7%, lapping last year’s clearance sales of older model soft coolers and helped by lower product costs and more DTC sales. SG&A was up $11.9 million, or 400 b.p. as a percent of sales, mostly from higher employee wages and benefits. The effective tax rate for the quarter was halved to 16%, down from ... Log in to view full article.