other material
confidence high
sentiment negative
materiality 0.75
YETI halts sales of Hopper M20, M30 coolers and SideKick Dry Gear Case over magnet ingestion risk
YETI Holdings, Inc.
- Potential safety concern: magnetic closure can fail, release magnets, posing ingestion risk of serious injury or death.
- No reported injuries yet; YETI notified CPSC and is implementing global stop sale.
- Products affected: Hopper M20 Soft Backpack Cooler, Hopper M30 Soft Cooler, SideKick Dry Gear Case.
- YETI will provide additional details during Q4 FY2022 earnings report on February 23, 2023.