Net income was up 17% to $72,881,000 from $62,394,000 in the final quarter of 2021 on net sales of $443,125,000, rising 18% over $375,768,000, helped by a 21% improvement in DTC sales to $263.9 million on increases in both Drinkware and Coolers & Equipment. Softness in the Amazon Marketplace late in the quarter from inventory constraints was more than offset by owned e-commerce, brick-and-mortar and corporate sales. Penetration ticked up to 60% of net sales compared to 58%.

The Wholesale channel rose 13% to $179.2 million, primarily on Drinkware which had a stronger inventory position. By product category, Drinkware sales were ... Log in to view full article.