YETI HOLDINGS Braces for a Competitive Summer as Rivals Enter the Market
June 16, 2023
☀️Trending News
As the key summer season kicks off, YETI ($NYSE:YETI) Holdings, Inc. is bracing for intense competition. YETI Holdings, Inc. has become one of the most recognizable brands in the outdoor industry, offering a range of products from coolers and tumblers, to insulated bags and apparel. The company has been successful in leveraging its brand identity to drive sales, and has become a major player in the outdoor enthusiast market. Companies such as Darn Tough and Mizu are offering products with similar features and prices to Yeti, and have quickly gained traction amongst consumers. Yeti is also facing competition from larger companies such as Amazon, which is offering competitive prices on cooler products.
The upcoming summer season will be a test for YETI Holdings, Inc. as they attempt to maintain their position in the market amidst increasing competition. The company will need to focus on innovation and customer service in order to remain competitive, and continue to drive sales and profits.
Stock Price
On Thursday, YETI HOLDINGS opened at $36.4 and closed at $35.9, down by 3.0% from previous closing price of 37.0. This decrease in the stock price was possibly due to the increased competition that the company is likely to face this summer. Rivals have recently entered the market, giving YETI HOLDINGS more competition than ever before. This could lead to price wars and decreased profits for YETI HOLDINGS in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yeti Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.6k | 74.6 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yeti Holdings. More…
| Operations | Investing | Financing |
| 142.76 | -54.05 | -22.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yeti Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.01k | 463.95 | 6.26 |
Key Ratios Snapshot
Some of the financial key ratios for Yeti Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | 3.6% | 6.3% |
| FCF Margin | ROE | ROA |
| 5.5% | 11.9% | 6.3% |
Analysis
At GoodWhale, we recently conducted an analysis of YETI HOLDINGS’ wellbeing. The results showed that, according to our Risk Rating system, YETI HOLDINGS is a medium risk investment in terms of financial and business aspects. Furthermore, our analysis revealed two risk warnings in YETI HOLDINGS’ income sheet and balance sheet. We encourage those interested in learning more about our findings to register with us to get full access to our analysis and the risks associated with YETI HOLDINGS. With this access, users can gain a greater understanding of our research, as well as the possible risks and rewards associated with investing in the company. More…
Peers
In recent years, the competition between YETI Holdings Inc and its competitors has intensified, as each company strives to gain market share in the highly competitive cooler and drinkware industry. While YETI has long been the market leader, its competitors are quickly catching up, offering products that are comparable in quality and price. As the competition heats up, it will be interesting to see which company comes out on top.
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Bollinger Industries Inc is a publicly traded company with a market capitalization of 262.12k. The company manufactures and sells a variety of products, including electric vehicles, towing products, and other related accessories. Bollinger Industries was founded in 1984 and is headquartered in New York, New York.
Summary
YETI Holdings Inc. (YETI) has recently seen a decline in its stock price as the summer season has begun and competition in the industry has increased. Investors should take note of the company’s position and evaluate the potential risks that may be faced in the upcoming season.
Additionally, investors should analyze the company’s financials, including its balance sheet strength, cash flow, and profitability. YETI has seen positive revenue growth over the past year, however, margins decreased slightly in the same period. Going forward, investors should watch for news of product launches, market share dynamics, operational efficiency, and pricing strategies in order to make a more informed decision.
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