2024-06-19 03:28:37 ET
Summary
- Yeti beat Q1 2024 estimates and raised full year guidance as international growth was a record 19% of total revenue.
- While domestic sales grew by nearly 10% this quarter, international growth remains a key priority for the company. International sales grew by over 30% compared to Q1 2023.
- New products are on the horizon this summer, including a cheaper cooler option and a line of cast iron cookware.
YETI Holdings, Inc. ( YETI ) beat Q1 2024 estimates and raised their full year guidance . However, the stock is still down over 20% YTD while the S&P 500 is up over 14%.
Yeti continues to look attractive to me as the company has released some interesting, new products over the last few months and continues to see double-digit revenue growth internationally....
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YETI Holdings: Solid Q1 Results Led By International Growth