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Article Date: February 2021
Word Count: 517

Yeti Posts Huge Profit Gain in Final Quarter


Net income surged to $62,394,000 for the fourth quarter ended Jan. 2. over $4,742,000 prior, as revenues rose 26% to $375,768,000 from $297,602,000 driven by a 46% jump in Direct-to-consumer to $217.8 million. DTC hit a quarterly high 58% of net sales versus the prior year’s 50% with yeti.com, the Amazon Marketplace, YETI Retail, and Corporate Sales all contributing at least 20% growth. Wholesale was up 6% to $158 million from $148.7 million, posting growth despite inventory constraints. By category, Drinkware gained 23% to $235.7 million across the product portfolio and bolstered by updates to the Colster lineup, bottle styles ... Log in to view full article.

 


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