This Popular Brand Has Better Profit Margins Than Apple or Nike. Is the Stock a Buy?
For consumer-goods companies, it's hard to create a business model that has wide profit margins. But it appears that Yeti Holdings (NYSE: YETI) didn't get the memo. The maker of rugged coolers, cups, and other outdoor gear had a gross profit margin of 48% in 2022. And that was actually a bad year by Yeti's standards.
Billionaire investor Warren Buffett has a lot to say about high-margin consumer-goods businesses (more on that in a moment). And just how good are Yeti's margins? Well, when it comes to high-margin businesses in the consumer-goods market, few have performed as well as Apple and Nike over the years. And yet, Yeti easily surpasses both companies.
Source Fool.com
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