Yeti Holdings Jumps 15% on Earnings Surprise: Buy, Sell or Hold?

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Yeti Holdings Jumps 15% on Earnings Surprise: Buy, Sell or Hold?

michael vodicka

I see an exciting company that just started trading on the NYSE that I want to share with everyone.

Yeti Holdings (NYSE: YETI) is probably a familiar name to a lot of people.Yeti stepped into the US cooler and drink ware industry in 2006 and proceeded to quickly revolutionize the game.

Yeti shares just began trading on the New York Stock Exchange in late October under the ticker symbol YETI. That means investors can now buy shares and invest in Yeti.

Here’s why Yeti is an exciting and interesting company to follow.

Yeti is a clear industry leader with a reputation for selling some of the best coolers and drink ware products in the market. Coolers that can keep things cold for a ridiculously long amount of time.

I found a study from two years ago and it showed that the Yeti cooler kept ice for 3 days, 8 hours and 55 minutes.

Do expensive coolers hold ice longer? Yeti, Coleman, Buckwaters, Orca, Pelican test

Take a look at some images below.

Here’s an image of a soft cooler.

Here are some images of the Yeti Tumblers.

Raising the bar on the cooler industry has been good for business. Yeti just reported fourth-quarter results that gave shares a 15% jolt. Here are some more details from the press release.

  • Net sales increased 19% to $241.2 million
  • Gross margin improved 690 basis points to 53.0%
  • Net income increased 533% to $25.2 million, or $0.30 per diluted share
  • Adjusted Net Income grew 379% to $32.0 million, or $0.38 per diluted share
  • Adjusted EBITDA increased 58% to $52.2 million

Here’s a link to the press release if anyone wants to take a look.

Matt Reintjes, President and Chief Executive Officer of YETI Holdings, Inc., commented, “We finished 2018 with significant momentum in our business as we delivered full year results well above our original outlook and solidly at the high end of the revised outlook. We are extremely pleased with the strength in our business as our brand and products continue to resonate with consumers across all markets. We look forward to building on that momentum throughout 2019 as we continue to expand our customer base, drive product innovation, grow our direct-to-consumer business, and expand internationally.”

YETI Reports Fourth Quarter and Fiscal Year 2018 Financial Results

Yeti Shares up up 44% Since the IPO in October

Yeti began trading on the New York Stock Exchange in late October. Shares were a bit weak at first, falling as the S&P 500 suffered its worst quarter in almost a decade.

2019 has been a different story for the broad stock market and Yeti. Yeti has been rallying big, almost doubling from its 52-week low and recently hitting a new 52-week high.

Take a look at the action in the chart below.

The Big Picture

Yeti is an established industry leader with tons of long-term potential. Shares began trading on the NYSE in October and recently hit a new 52-week high after reporting strong results and raising guidance.

If any of my wealth management clients are interest in Yeti, please contact me and we can add some shares to you account.

As always if anyone has questions please feel free to email or call.

Your Investment Partner,


This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading.

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