Yeti Stomps All Over Sales and Earnings Forecasts
Fourth quarter sales at high end cooler maker Yeti (NYSE: YETI) took a big step forward with across-the-board increases in all product lines and distribution channels, easily beating Wall Street estimates, but its stock fell anyway as fears about the spread of the coronavirus took down the broad market indexes.
Yeti also has some big ideas about the coming year as it offered an upbeat outlook, forecasting consumers will continue to respond to its offers with 13% to 15% sales growth and earnings more than doubling over the current year. On an adjusted basis they're expected to gain a robust 26% to 30%.
Image source: Yeti.
Source Fool.com
