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Article Date: August 2021
Word Count: 453

Yeti Results Climb Higher, Raises FY Guidance


Net income was up 70% to $56,231,000 in Q2 from $33,482,000, as revenues grew 45% to $357,667,000 over $246,938,000 that included a 48% gain in DTC sales to $196.9 million, lapping last year’s 61% growth, driven by both drinkware and coolers & equipment. Yeti.com posted improvements across all US regions over last year’s triple-digit gains, and the Amazon marketplace also saw growth over last year’s pandemic boost. Corporate sales saw a sharp recovery as offices reopened. DTC accounted for 55% of sales versus 54% in the prior year. Wholesale was up 41% to $160.8 million with growth in both categories, ... Log in to view full article.

 


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