Overnight YETI Holdings (YETI US) surged over +20% after the maker of coolers reported 2nd quarter earnings well above expectations and raised its FY guidance. The shares enjoyed their largest jump since 2022 and is now trading around 6 month highs. The companies balance sheet is in good shape with its projection of free cash flow very encouraging, we are very happy with report/stock on all levels – MM holds YETI in our International Equities Portfolio.
- We still believe the next 20-25% move for YETI is on the upside.
MM remains long and bullish toward YETI
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