Stock Track | YETI Holdings Surges on Strong Earnings and Raised Guidance

Stock Track08-14

Shares of YETI Holdings Inc. (YETI) rallied 5.49% during intraday trading on May 20, 2024, following the company's impressive financial results and raised guidance for the full year.

In its recent earnings release, YETI, a renowned manufacturer of high-quality coolers and outdoor gear, reported better-than-expected earnings per share, beating analysts' estimates by over 10%. The company also raised its full-year adjusted net income guidance growth by 1.5%, signaling strong confidence in its future performance.

Additionally, YETI's gross margin expanded significantly by 360 basis points, indicating improved profitability and operational efficiency. These positive developments prompted Citigroup to raise its price target on YETI from $47 to $50, implying an upside of 26% from the current stock price.

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(YETI) rallied 5.49% during intraday trading on May 20, 2024, following the company's impressive financial results and raised guidance for the full year.\nIn its recent ...</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":"1193790711","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193790711","pubTimestamp":1723566749,"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":"Shares of YETI Holdings Inc.  rallied 5.49% during intraday trading on May 20, 2024, following the company's impressive financial results and raised guidance for the full year.In its recent earnings release, YETI, a renowned manufacturer of high-quality coolers and outdoor gear, reported better-than-expected earnings per share, beating analysts' estimates by over 10%. 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