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YETI Holdings , Inc. (NYSE:YETI), the $2.6 billion market cap consumer goods company, announced that Robert A. Katz resigned from its Board of Directors, effective Friday. According to a statement in a press release filed with the Securities and Exchange Commission, Mr. Katz stepped down to focus on his role as Chief Executive Officer at Vail Resorts (NYSE:MTN). The company maintains strong financial health with a current ratio of 2.58x, indicating robust liquidity management.
The company said Mr. Katz’s decision to resign was not due to any dispute or disagreement with YETI, its management, or its board regarding the company’s operations, policies, or practices. YETI expressed appreciation for Mr. Katz’s service on the board.
No information about a replacement or changes to board structure was disclosed in the filing. The announcement was made in an 8-K filing with the SEC.
In other recent news, YETI Holdings Inc. reported a strong performance for the first quarter of 2025, with earnings per share (EPS) of $0.31, surpassing the forecast of $0.27. The company also exceeded revenue expectations, reporting $351.1 million against a projected $347.5 million. Despite these positive results, YETI has adjusted its full-year 2025 guidance due to anticipated challenges from significant tariff impacts. The company expects increased costs of goods sold by approximately $100 million due to a 145% tariff rate on goods imported from China. Stifel has responded to these developments by lowering YETI’s stock price target from $34 to $31, maintaining a Hold rating, reflecting cautious sentiment amid potential demand challenges in the U.S. market. Meanwhile, Jefferies has recommended YETI, along with other companies, as well-positioned to benefit from a temporary U.S.-China tariff reduction agreement. This 90-day pause in tariffs is expected to provide some financial relief to businesses engaged in trade between the two countries.
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