Yeti turned in a blockbuster quarter given the circumstances with increases in both the top and bottom lines.
The offering is expected to close on or about June 1, 2020.
Brown will fill a vacancy on YETI’s Board of Directors created upon the resignation of Jeffrey A. Lipsitz.
Yeti provided lots of details about how the coronavirus crisis has impacted the company’s business in an earnings conference call | Read more…
Initial 10,000 units supports Colorado-based healthcare workers.
YETI is offering 15,000,000 shares of its stock.
Direct-to-consumer sales increased 35% while wholesale channel sales increased 7% to $527.6 million.
The appointment has been effective since Jan. 30.
Yeti, now publicly traded, continues to look for new, large wholesale partners that meet certain criteria.
The public offering price is $29 per share.
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