Another "new member" Austin fan trolling? Say it aint so! I have a buddy that bought a Yeti cup to take on the golf course. It works well, but I bought an identical looking cup, well three actually, from Sams Club, for about a third of what his one Yeti cost and mine work just as well. Seems like Yeti and the status-seeking morons that follow Fratass like minions were made for each other.
Yeti is a dying brand. They have competitors with same product for less. Yet these bozos in Austin think that are on to something trendy & hip...wrong! It is kind of fitting that they are willing to accept something overpriced and over hyped into their little world. Question is who dies first Yeti or their franchise? Edit - fixed! - thanks Timon
Well, Yeti is based in Austin, and considering how deathly hot it is there, a high-performance cooler makes sense as a sponsor.
A dying brand? Link, source? https://www.statesman.com/business/...eti-sees-revenue-profit-rise-in-third-quarter Look, I couldn't care less. I do have a Yeti tumbler, because someone gave me one. I've never used it, but my wife says it works great. But, from what I can tell, their sales are doing rather well.
They just went public, had a nice little runup but concerns already about future and sustainability. They are already heavy on inventory and copycats are siphoning off customers. Their biggest retailer already has their own private label product for cheaper. Here's what analysts are saying.... "In addition, YETI Holdings, Inc. has a VGM Score of C (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that YETI Holdings, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of YETI, demonstrate its potential to outperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors." and this.... Steer Clear of YETI Stock Ahead of Q4 Yeti has standout products, but industry credibility is lacking and this... "RSI reading varies between 0 and 100. Commonly when RSI goes below 30 then stock is oversold and stock is overbought when it goes above 70. So as currently the Relative Strength Index (RSI-14) reading of YETI Holdings stock is 63.09." Investors are getting weary...already!
Well, okay. Where's that from? Seems a little click-baity to me. Despite all that "investor weariness" (!), their stock hit an all time high last week. They had about $800M in revenue last year. Not huge, but nothing to sneeze at, either. They actually seem a little small for a jersey sponsorship, I'd say. But maybe they see this as an opportunity to get their name out in front of a desirable demographic and they paid through the nose.
Kids are already using the equally overpriced HydroFlask brand. I think Yeti has had their day in the sun already.
My mom loved her Yeti tumbler .It kept her ice water really cold so she didnt have to bother anyone for ice cubes. So maybe they should look at the long term care space for growth.
All time (not much history) high but barely and hasn't moved needle much since initial run up after IPO. Their margins weren't surprisingly that great considering high price of products. I expected more profit (and so do investors). As someone noted earlier, the outdoor enthusiasts (of which I'd consider myself) are already moving on to cheaper equal performance/quality products. They are going to have to innovate to make it. The outdoor industry is rife with short life cycle companies - many are predicting Yeti to be following similar pathway. And I too think this sponsorship is a bit hefty for them at their size. Historically, when a smaller company gets into sports sponsorships like this it has often led to a curse of sorts. Think of some of the stadium naming deals.
As far as Yeti goes, they said/did some political stuff a couple of years ago. A lot of people had outrage (real, fake, whatever), threatened to boycott them and they were supposed to fail. You know...just like Target, Chick-fil-A, the NFL, Best Buy and apparently every other company which exists.
How many people need to lose their jobs to pay for a $4MM/Year deal (as reported here: https://www.sportsbusinessdaily.com...Marketing-and-Sponsorship/Austin-FC-Yeti.aspx) Also, ironically, they list Austin FC in the list of Clubs, but exclude Inter Miami citing them as an expansion club. So who knows how reliable the rest of the story is.
I have a YETI tumbler because I had some rewards credits from Dick's expiring. It definitely keeps the Gin and Tonics nice and cold, but I assume the less expensive ones do just as well. What shocked me was the sign by the big coolers saying "Financing options available." Who in their right mind finances a cooler? I am one of those who has an excellent Coleman cooler with wheels and a handle that kept ice and beer cold for days in hot, humid weather at Salt Fork when we rented a cabin for a week.
Whats your opinion on Igloo Coolers?. My father had a simple cooler (No wheels, no handles) but it worked really good. But I have not seen mentioned that brand in the last few posts. I was planing to buy one cooler and I am undecided between Coleman and Igloo. I have to be serious here, I had never heard of Yeti.
Consumer Reports: . . . The Yeti keeps ice frozen almost twice as long, so it earned an Excellent score—but it costs 12 times as much . . . https://www.consumerreports.org/travel/must-have-beach-accessories/
That article is from 2016 and all the other manufacturers have knocked off the design for pennies on the dollar.
Is there an updated Consumer Reports analysis? I didn't search very long on Google (just like I didn't shop beyond my corner store enroute to the game).