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39 points
Yeti outlook holds up against increased competition: Analyst

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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42 points
Robinhood's crypto trading paved way for robust Q4

Robinhood (HOOD) soars higher after beating Wall Street expectations on the top and bottom lines in its fourth-quarter earnings, posting $471 million in revenue versus an expected $457 million, and adjusted earnings per share of $0.03 versus an expected loss of $0.01. While the trading platform's monthly active users fell 4% for the quarter, other metrics like crypto trading rose 10% year-over-year, which brought in $43 million in revenue for the company. Needham & Company Senior Research Analyst John Tadaro joins Yahoo Finance to discuss Robinhood's performance and the influx of crypto trading that boosted revenue. Tadaro puts crypto trading in perspective for the company: "2024, most of the growth we see, we do have coming from crypto. Crypto came in very strong in December and primarily made that beat in Q4 there. So, if it weren't for crypto, the transactional activity wouldn't have beat. So, we do see that as a growing segment. It's coming off a very low baseline, so crypto volumes obviously plummeted a lot last year, so you're seeing kind of a snapback that's really propelling the growth. For equities options, that growth is a little bit more moderated, it's a more mature business for Robinhood, so we do see crypto as kind of the growth component for Robinhood. That being said, what we would like to see is Robinhood come out and offer more crypto products." 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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