Shares of Yeti Holdings (YETI) are sinking after missing Wall Street fourth-quarter expectations on both the top line and bottom line. The company posted $519.79 million in revenue, against an expected $536.5 million. In addition, the company issued a conservative 2024 outlook, with President and CEO Matt Reintjes saying in the report: "Given the uncertainties of the current environment, our outlook for 2024 balances a cautious approach with the ongoing opportunities that we see to drive growth through brand, product, and geographic expansion." Anna Glaessgen, B. Riley Securities Senior Analyst – Consumer Equity Research, joins Yahoo Finance to discuss the tumbler maker's performance, outlook, and competition from Stanley. Speaking on performance in the quarter in regards to competition Glaessgen says:  "Actually in the quarter, we wrote about Stanley. Stanley has obviously been a really popular topic, especially given the growth that they've seen in the past couple of years. But, Yeti's drinkware actually came in ahead of expectations, it grew 12% year-over-year... So what we're seeing isn't necessarily an impact from Stanley directly, or a problem in drinkware, the company actually noted that their cooler business, coolers and equipment, saw an impact from a more cautious consumer, on high ticket items... That's really what drove the short fall versus the expectations on the top line." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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