YETI's Earnings Suggest a Long-Lasting Boost From COVID-19

Lifestyle-brand cooler and drinkware specialist YETI (NYSE: YETI), which released its second-quarter 2020 earnings report on Aug. 6, appears to fall in the former category, because of swiftly changing customer purchasing habits. Sales through YETI's wholesale channel, which typically provides the lion's share of its revenue, cratered by 24% to roughly $114 million against the prior-year quarter. Direct-to-consumer (DTC) sales, conversely, soared 61% to $133 million.