Yeti Stock Pulls Back After Lackluster Earnings Report

Yeti Holdings Inc (NYSE:YETI) reported fourth-quarter earnings of 90 cents per share on revenue of $519.8 million, both of which missed expectations, pushing shares 10.7% lower to trade at $43.06 at last check.Also weighing on the retailer is a weaker-than-expected 2024 guidance. This soft outlook follows two major acquisitions the company made last month. Yeti acquired Mystery Ranch to add to its bags and packs product unit and moved into cookware through its buyout of Butter Pat Industries, which offers c ...