Yeti Holdings Shares Decline Following Third Quarter Revenue Miss and Lowered Sales Guidance
Yeti Holdings (YETI) reported third-quarter revenue of $509.4 million, representing a 4.4% increase year-over-year. However, the results fell short of consensus estimates by $13.6 million. While international sales showed strong growth of 19% to reach $119.1 million, domestic U.S. sales grew at a much slower pace of 1%, totaling $390.3 million. The company's decision to lower its full-year sales guidance has negatively impacted investor sentiment, leading to a slide in share price. Despite the growth in international markets and wholesale channels, the sluggishness in the U.S. market remains a primary concern for analysts.
Tickers: $YETI
Topics: earnings miss international sales revenue growth wholesale channel
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