YETI Reiterates 2019 Outlook Following Tariff Announcement
August 01 2019 - 6:28PM
Business Wire
YETI Holdings, Inc. (“YETI”) (NYSE: YETI) affirms its fiscal
2019 outlook following today’s announcement by the United States of
an additional 10% tariff on the remaining Chinese imports starting
September 1, 2019. The company does not expect the new tariffs to
have any impact to its 2019 outlook, which YETI announced pursuant
to a press release issued on the morning of August 1, 2019.
As indicated on its second quarter fiscal 2019 earnings call on
August 1, 2019, YETI has taken proactive measures to mitigate the
near-term impact of potential higher tariffs on its business. This
includes the recent strategic action to accelerate the delivery of
Drinkware inventory during the period ended June 29, 2019.
About YETI Holdings, Inc.
YETI is a designer, marketer, retailer, and distributor of a
variety of innovative, branded, premium products to a wide-ranging
customer base. Our mission is to ensure that each YETI product
delivers exceptional performance and durability in any environment,
whether in the remote wilderness, at the beach, or anywhere else
life takes our customers. By consistently delivering
high-performing products, we have built a following of engaged
brand loyalists throughout the United States, Canada, Japan,
Australia, and elsewhere, ranging from serious outdoor enthusiasts
to individuals who simply value products of uncompromising quality
and design. Our relationship with customers continues to thrive and
deepen as a result of our innovative new product introductions,
expansion and enhancement of existing product families, and
multifaceted branding activities.
Forward-looking statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical or current
fact included in this press release are forward-looking statements.
Forward-looking statements include statements containing words such
as “expect” and other words and terms of similar meaning in
connection with any discussion of the timing or nature of future
operational performance or other events. All forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially from those that are expected
and, therefore, you should not unduly rely on such statements. You
should read our filings with the United States Securities and
Exchange Commission (the “SEC”), including our Annual Report on
Form 10-K for the year ended December 30, 2018, for a more
extensive list of factors, that may be amended, supplemented or
superseded from time to time by other reports YETI files with the
SEC, that could affect results. These forward-looking statements
are made based upon detailed assumptions and reflect management’s
current expectations and beliefs. While YETI believes that these
assumptions underlying the forward-looking statements are
reasonable, YETI cautions that it is very difficult to predict the
impact of known factors, and it is impossible for YETI to
anticipate all factors that could affect actual results.
The forward-looking statements included here are made only as of
the date hereof. YETI undertakes no obligation to publicly update
or revise any forward-looking statement as a result of new
information, future events, or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190801006099/en/
Investor Relations Contact: Tom Shaw, 512-271-6332
Investor.relations@yeti.com
Media Contact: YETI Holdings, Inc. Media Hotline
Media@yeti.com
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