Why YETI Holdings Stock Jumped 134.4% In 2019
Shares of YETI Holdings (NYSE: YETI) soared 134.4% in 2019, according to data from S&P Global Market Intelligence, as the outdoor lifestyle products company delivered surprisingly solid results throughout the year.
Image source: YETI
To be sure -- and keeping in mind YETI shares entered 2019 having fallen around 18% from their October 2018 initial public offering at $18 per share -- YETI stock went on to more than double by the end of March as investors celebrated the company's strong holiday-season results. Fourth-quarter net sales had climbed a strong 19% year over year to $241.2 million, while adjusted net income nearly quadrupled to $32 million, or $0.38 per share. Both the top and bottom lines were near the high ends of YETI's own financial guidance.
Source Fool.com
