By Kuldip K. Ambastha
YETI Holdings, Inc. (YETI), an outdoor products company, had its stock price shoot up by +31.6% per share on Thursday, November 10, 2022, followed by another +10.0% per share on Friday, November 11, 2022. The company announced strong performance results in 3Q2022, and this information drove the increase in the stock price. Due to excellent net sales and despite net profits being affected by cost inflation, revenues and earnings in 3Q2022 both beat their respective consensus estimates. While concerns about consumer spending have been on the minds of investors in 2022, still YETI has been able to perform well in part because of its growing international (non-U.S.) operation. That all said, corporate management still sounded notes of caution linked to uncertainties (related to consumer spending, cost inflation, and supply chain management) heading into the 4Q2022 winter holiday quarter.
Keywords – YETI Holdings, Inc., YETI Holdings, YETI, outdoor, products, performance, sales, profits, revenues, earnings, cost, inflation, consensus, estimates, consumer, spending, international, non-U.S., supply chain management, 3Q2022, 4Q2022.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in YETI.
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