Direct-to-consumer sales increased 28% to $62M during the quarter, led by strong performance in the drinkware category. Coolers & equipment sales rose 11% to $59.7M.
Adjusted EBITDA increased 58% to $21M.
Gross profit soared to 49.3% of sales from 42.3% a year ago on a favorable channel mix and cost improvements. SG&A expenses were up to 43.7% of sales from 39.9% a year ago.
The company expects full-year revenue growth of 11.5% to 13.0% and EPS of $1.02 to $1.06 vs. $1.01 consensus.
Yeti -0.80% premarket to $33.65. Shares are up 129% YTD.
Previously: Yeti beats by $0.06, beats on revenue (May 2)
Now read: Church & Dwight raised FY2018 guidance »
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