Stock Track | YETI Holdings Shares Tumble Despite Strong Q2 Results

Stock Track08-09

YETI Holdings Inc. (NYSE: YETI), a leading manufacturer of premium outdoor and recreational products, saw its shares plunge by 5.50% during intraday trading on Thursday, despite reporting impressive second-quarter results and raising its full-year guidance.

The company's stock decline came as a surprise, given the strong financial performance it delivered in the second quarter. YETI reported earnings of $0.70 per share, surpassing analyst estimates of $0.64 per share. Revenue also exceeded expectations, reaching $463.5 million compared to the consensus estimate of $452.4 million.

The company's Coolers & Equipment segment was a standout performer, with sales increasing by 31.5% year-over-year, driven by robust demand for soft coolers, bags, and the successful launch of new products. The Drinkware segment also contributed to the strong results, with sales rising 5.6%, fueled by new product introductions and portfolio expansion.

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(NYSE: YETI), a leading manufacturer of premium outdoor and recreational products, saw its shares plunge by 5.50% during intraday trading on Thursday, despite reporting impressive ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YETI","symbol_name":"YETI Holdings Inc.","start_time":0,"source_url":"","article_id":"1193302646","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193302646","pubTimestamp":1723218749,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"YETI Holdings Inc. , a leading manufacturer of premium outdoor and recreational products, saw its shares plunge by 5.50% during intraday trading on Thursday, despite reporting impressive second-quarter results and raising its full-year guidance.The company's stock decline came as a surprise, given the strong financial performance it delivered in the second quarter. 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