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Article Date: October 2019
Word Count: 413

Yeti Sees Big Q3 Gains from DTC


Net income increased 25% to $21,302,000 from $17,030,000, as revenue increased 17% to $229,125,000 from $196,109,000, driven by 31% higher DTC sales of $92.9 million from $71.2 million, with growth in both product categories, led by drinkware. DTC now accounts for 41% of overall sales. Wholesale sales were up 9% to $136.2 million from $125.0 million, with growth in both coolers and drinkware. The nascent international business grew 58% in the quarter and on a year-to-date basis now accounts for 4% of sales. YETI raised sales guidance for the year to an increase of 14.5% to 15% compared to 2018, ... Log in to view full article.

 


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