Yeti’s agreement with the CPSC to voluntary recall Hopper soft coolers and SideKick Dry bags with magnetic closures impacted both ends of the P&L in Q4, reducing revenues by $38.4 million, while increasing cost of goods sold by $58.6 million to write off unsellable product, and SG&A by $31.9 million for other recall-related costs. The end result was a $27,738,000 loss in the quarter against last year’s $72,881,000 profit on sales that inched up 1% to $447,996,000 from $443,125,000. Excluding the recall, sales increased 10% to $486.4 million.

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