Did Yeti Just Deliver the Perfect Year?
Yeti (NYSE: YETI), the $6 billion premium lifestyle brand, just reported full-year earnings leaving shareholders with plenty to be excited about. Capping off a tricky year with better-than-expected demand, Yeti nailed the ultimate trifecta in its fourth quarter -- great earnings, effective capital allocation, and strong forward-looking guidance.
Image source: Getty Images.
With social-distancing practices still in place across the globe, consumers once again spent more time this quarter exploring the great outdoors. The elevated demand for outdoor gear and accessories led Yeti to its first year ever with more than $1 billion in total sales -- up 19% with most of that growth coming in the second half of the year.
Source Fool.com
