AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Yeti Holdings Inc. (YETI) on Thursday reported first-quarter net income of $16.6 million.
The Austin, Texas-based company said it had profit of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 31 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The maker of outdoor and recreational products posted revenue of $351.1 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $346.3 million.
Yeti expects full-year earnings in the range of $1.96 to $2.02 per share.
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