Martin on for Joe Altobello's questions to Yeti Holdings Inc (YETI) leadership • Q4 2024
Question
Martin, on for Joe Altobello, asked about the primary sources of future wholesale growth, questioning whether it would come from new doors or expanded shelf space. He also sought examples of new wholesale opportunities that could address new consumer segments.
Answer
EVP & CFO Michael McMullen stated that growth is expected to come from sell-through and assortment expansion with existing partners, rather than significant new door openings. President & CEO Matthew Reintjes added that as the product portfolio evolves into areas like homewares or expanded bag lines, the company analyzes its footprint to ensure it intersects with the right consumer shopping occasions, which may present new, complementary wholesale opportunities.