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Stock impact report

Why YETI Stock Tanked Today [The Motley Fool]

YETI Holdings, Inc. (YETI) 
Last yeti holdings, inc. earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: The Motley Fool
The maker of outdoor products did not impress investors with its first earnings release as a public company. Evan Niu, CFA ( TMFNewCow ) Nov 29, 2018 at 5:33PM What happened Shares of YETI Holdings ( NYSE:YETI ) tanked today, closing down 16%, after the company reported third-quarter earnings results. This was its first earnings release since  going public last month . So what Revenue in the third quarter rose 7% to $196.1 million, translating into adjusted net income of $20.2 million, or $0.24 per share. While that bottom-line result was on target with expectations of $0.24 per share in adjusted profit, sales fell short of the $196.2 million that analysts were modeling for. Gross margin expanded to 49.7%, while adjusted EBITDA came in at $38.4 million. Image source: Getty Images. The company, which makes insulated coolers and other Show less Read more
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