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Article Date: May 2019
Word Count: 475

Yeti Turns Q1 Profit on 15% Higher Sales


Net income for Q1 was $2,167,000, compared to a loss of $3,261,000 in 2018 on revenues that increased 15% to $155,353,000 from $135,257,000. The DTC channel saw a 28% increase to $61.7 million driven by strong performance in the drinkware category, and reached 40% of sales mix for Q1. Wholesale increased 8% to $93.6 million from $87 million, driven by Coolers & Equipment. Drinkware sales increased 20% to $91.0 million from $75.8 million, primarily driven by continued introduction of new products, including the new colorways and strong demand for customization. Coolers & Equipment net sales increased 11% to $59.7 million ... Log in to view full article.

 


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