AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Yeti Holdings Inc. (YETI) on Thursday reported first-quarter net income of $15.9 million.
On a per-share basis, the Austin, Texas-based company said it had profit of 18 cents. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The maker of outdoor and recreational products posted revenue of $341.4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $333.8 million.
Yeti expects full-year earnings in the range of $2.49 to $2.62 per share.
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