YETI interests jumped 10 percent after it raised its full-year guidance and released preliminary results.
The company said it now demands to report full-year earnings per share between 67 cents to 69 cents. Previously, Yeti had projected earnings per divide up between 60 cents and 64 cents. Last year, the company earned 19 cents per share.
For budgetary 2018, Yeti said it expects net sales to increase 22 percent to $778.8 million.
Wall Street had estimated Yeti choice report full-year earnings of about 65 cents per share on revenue of about $764.5 million, according to Refinitiv consensus point of views.
For the fourth quarter, Yeti said it projects net sales climbed 19 percent to $241.2 million. That’s upon the $226.5 million analysts had projected, according to a Refinitiv consensus estimate.
The cooler company went public in October with 16 million parcels priced at $18 per share. This was below the expected range of $19 to $21 per share. The IPO brought in about $288 million to stop pay down its debt.