Yeti Posts Q1 Revenue Growth Despite Recalls

May 11, 2023

Yeti managed to post revenue growth in the first quarter despite the negative impacts of the voluntary recall of three different products due to safety concerns and a slower pace of wholesale orders in North America.

In March, Yeti initiated the voluntary recall of the Hopper M30 Soft Cooler, the Hopper M20 Soft Backpack Cooler, and the SideKick Dry gear case.

Reintjes also noted on an earnings call Thursday that gross margin expanded for the first time in seven quarters as inbound freight expenses, which rose astronomically during the pandemic, continue to drop. Shop Eat Surf