(Adds Outlook)
For the full year, YETI Holdings, Inc. (YETI) has increased its earnings outlook.
It now expects adjusted earnings per share in the range of $2.49- $2.62, compared with its previous outlook of $2.45 - $2.50.
Sales for the quarter are still expected increase between 7 percent and 9 percent.
On average, 17 analysts polled by Thomson-Reuters expect the company to report earnings of $2.49 per share on revenue growth of 8.9%.
Q1 Results:
YETI Holdings released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $15.86 million, or $0.18 per share. This compares with $10.56 million, or $0.12 per share, in last year's first quarter.
Excluding items, YETI Holdings, Inc. reported adjusted earnings of $29.32 million or $0.34 per share for the period.
Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $341.39 million from $302.80 million last year.
YETI Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $15.86 Mln. vs. $10.56 Mln. last year.
-EPS (Q1): $0.18 vs. $0.12 last year.
-Revenue (Q1): $341.39 Mln vs. $302.80 Mln last year.
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