Yeti stock gains after earnings beat, raised full-year outlook amid strength in drinkware sales

📆 11/9/2023 5:17 AM
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Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Shares of Yeti Holdings Inc.

gained 0.9% in premarket trading Thursday, after the drinkware, coolers and outdoor products maker beat third-quarter earnings expectations and nudged up its full-year outlook, helped by a bump up in gross margin. Net income slipped to $42.7 million, or 49 cents a share, from $45.5 million, or 52 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 60 cents beat the FactSet consensus of 55 cents. Sales were essentially flat at $433.

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