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Article Date: November 2020
Word Count: 435

Yeti Sees Constrained Supplies for Holiday after Solid Q3


Net income jumped 142% to $51,445,000 in the third quarter over $21,302,000 on revenues that were up 29% to $294,603,000 from $229,125,000, including a 62% increase in DTC to $150.4 million from $92.9 million across categories. E-commerce expanded at Yeti.com with strong traffic and conversion, and Amazon Marketplace growth was not far behind. Corporate sales turned slightly positive, limited by inventory. Yeti added an eighth brick-and-mortar location with a West Palm Beach store opening in August, but it did not release store comps for the quarter. Wholesale sales were up 6% to $144.2 million from $136.2 million, as retailers sold ... Log in to view full article.

 


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