Why Yeti Holdings Shares Jumped 18.4% on Thursday
Shares of Yeti Holdings (NYSE: YETI) jumped as much as 18.4% in trading Thursday after the company announced third-quarter 2020 earnings. At 3:40 p.m. EST shares were still up 17.2% for the day.
Quarterly revenue jumped 29% to $294.6 million on the back of a 62% increase in direct to consumer sales to $150.4 million. Net income was up 142% to $51.4 million, or $0.58 per share, while adjusted earnings per share increased from $0.27 a year ago to $0.61 in the third quarter.
Image source: Yeti.
Source Fool.com
