What happened Shares of YETI Holdings (NYSE: YETI) soared 134.4% in 2019, according to data from S&P Global Market Intelligence, as the outdoor lifestyle products company delivered surprisingly solid results throughout the year. Image source: YETI So what To be sure -- and keeping in mind YETI shares entered 2019 having fallen around 18% from their October 2018 initial public offering at $18 per share -- YETI stock went on to more than double by the end of March as investors celebrated the company's strong holiday-season results. Fourth-quarter net sales had climbed a strong 19% year over year to $241.2 million, while adjusted net income nearly quadrupled to $32 million, or $0.38 per share. Both the top and bottom lines were near the high ends of YETI's own financial guidance. While YETI stock subsequently pulled back around 15% on the heels of its equally decent first-quarter report in May, the move seemed more indicative of traders taking profits than any underlying problem with YETI's business. More recently in late October, shares behaved in a similar fashion following YETI's better-than-expected performance during its seasonally slow third quarter. Net sales jumped 17% to $229.1 million, fueled by a 21% increase in drinkware products (to $126.4 million) and supplemented by a 13% bump from its flagship cooler line and other equipment (to $97.8 million). And adjusted net income grew a healthy 24% to $0.30 per share, leaving YETI management comfortable increasing their full-year sales and earnings guidance. YETI CEO Matt Reintjes called it a "great quarter," adding in the company's earnings press release: "Third quarter results were powered by a strong new product lineup and expanding gross margins -- both powerful indicators of brand health and momentum." Now what YETI investors should get their next update on the company's progress when it releases fourth-quarter 2019 results in mid-February. All told, its most recent outlook calls for full-year sales growth of between 14.5% and 15%, translating to adjusted net income per share of between $1.12 and $1.14. Whether YETI lives up to those targets remains to be seen. But given its post-IPO decline leading into 2019, as well as its consistent outperformance through the first three quarters, the market had little choice but to bid up shares in response. 10 stocks we like better than Yeti Holdings INCWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Yeti Holdings INC wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source