Why Yeti Stock Is Becoming Too Cheap to Ignore
Like many consumer goods stocks in 2022, Yeti Holdings (NYSE: YETI) has fallen significantly since the beginning of the year as it faces supply chain and inflationary headwinds. Yet the demand for the outdoor product manufacturer's goods remains high, and its business fundamentals are impressive. Here's why its stock might be ready to heat up again.
Despite record revenue and net income in fiscal 2021, Yeti stock is down 40% so far this year. One reason is concerns around the company's supply chain constraints, especially with its hard cooler products. On the latest earnings call, CEO Matt Reintjes said, "Demand for the brand and product outstripped our supply to support it."
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Source Fool.com
