Net income was down 81% to $4,742,000 from $25,169,000 in the final quarter due to a spike in SG&A expenses, on revenues that climbed 23% to $297,602,000 from $241,179,000. The top line benefited from 35% DTC growth to $149 million, with the Coolers & Equipment and Drinkware segments both posting gains, driven by good results from yeti.com, Amazon marketplace and its six retail stores. Wholesale channel sales were up 14% to $148.7 million, also with gains in both segments, despite headwinds from delays in its ongoing rollout at Lowe’s.

Drinkware sales increased 34% to $192 million, driven by the continued expansion ... Log in to view full article.