July 23, 2026 08:00 ET | Source: YETI Holdings, Inc.
AUSTIN, Texas, July 23, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that it plans to report its second quarter fiscal year 2026 financial results on Thursday, August 13, 2026, before the market opens. YETI will host a conference call at 8:00 a.m. ET to discuss its financial results.
Investors and analysts who wish to participate in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live webcast of the conference call will also be available in the investor relations section of YETI’s website, www.investors.yeti.com.
A recorded replay of the call will be available shortly after the conclusion of the call and remain available until August 27, 2026. To access the telephone replay, dial 844-512-2921 (international callers, please dial 412-317-6671). The access code for the replay is 11144477. A replay of the webcast will also be available within two hours of the conclusion of the call and will remain available on the website for 90 days.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.
A strong stock as of late has been Yeti (YETI - Free Report) . Shares have been marching higher, with the stock up 4.3% over the past month. The stock hit a new 52-week high of $52.48 in the previous session. Yeti has gained 15.6% since the start of the year compared to the -8.9% gain for the Zacks Consumer Discretionary sector and the -1.4% return for the Zacks Leisure and Recreation Products industry.
What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 14, 2026, Yeti reported EPS of $0.26 versus consensus estimate of $0.17.
For the current fiscal year, Yeti is expected to post earnings of $2.87 per share on $2.01 in revenues. This represents a 15.73% change in EPS on a 7.55% change in revenues. For the next fiscal year, the company is expected to earn $3.28 per share on $2.15 in revenues. This represents a year-over-year change of 14.29% and 6.74%, respectively.
Valuation MetricsWhile Yeti has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Yeti has a Value Score of C. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 17.8X current fiscal year EPS estimates, which is not in-line with the peer industry average of 20.5X. On a trailing cash flow basis, the stock currently trades at 18X versus its peer group's average of 15.3X. Additionally, the stock has a PEG ratio of 1.37. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Yeti currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Yeti fits the bill. Thus, it seems as though Yeti shares could have potential in the weeks and months to come.
The Zacks Leisure and Recreation Products industry is benefiting from strong fitness product sales, fueled by increasing health and wellness awareness among consumers. Product innovation, premium offerings and expanding e-commerce channels are further boosting demand and supporting growth. Industry participants that design, market, retail and distribute outdoor and recreational products are also benefiting from solid consumer interest in active lifestyles and outdoor activities. Stocks like YETI Holdings, Inc. (YETI - Free Report) , Malibu Boats, Inc. (MBUU - Free Report) , MasterCraft Boat Holdings, Inc. (MCFT - Free Report) and Escalade, Incorporated (ESCA - Free Report) are likely to benefit from the trends mentioned above.
Industry Description The Zacks Leisure and Recreation Products industry comprises companies that provide amusement and recreational products, swimming pools, marine products, golf courses, boat repair and maintenance services, and other ancillary services. The services include indoor and outdoor storage, marine, boat rentals and personal watercraft. Some industry participants manufacture outdoor equipment and apparel for climbing, mountaineering, backpacking and skiing. A few companies also provide connected fitness products and subscriptions for multiple household users. Industry players primarily thrive on overall economic growth, which fuels consumer demand for products. The demand, highly dependent on business cycles, is driven by a healthy labor market, rising wages and growing disposable income.
4 Trends Shaping the Future of the Leisure & Recreation Products Industry Robust Demand for Fitness-Related Products: The industry is gaining from a lasting shift toward health and wellness, as consumers increasingly prioritize active lifestyles and overall well-being. This trend is driving steady demand for a wide range of fitness and recreational products across both indoor and outdoor categories.In the United States, demand remains particularly strong, supported by evolving lifestyle habits and a growing focus on personal fitness. Consumers are investing in home workout equipment, wearable devices and subscription-based fitness services. At the same time, the expansion of digital fitness platforms and at-home training options is boosting adoption, especially among individuals seeking convenience and flexibility.
Booming Golf Business: The U.S. golf industry is experiencing strong growth, driven by rising participation rates, evolving formats and increasing engagement across diverse age groups. While traditional on-course play remains resilient, off-course concepts such as technology-enabled driving ranges and entertainment-focused venues are attracting younger and more casual players, broadening the sport's appeal. Demand for golf equipment is also benefiting from higher playing frequency and consumers' willingness to upgrade clubs, balls and accessories. Additionally, advancements in custom fitting, performance analytics and immersive golf experiences are boosting per-player spending.
Steady Momentum in the Boating Industry: The boating industry continues to benefit from growing interest in outdoor and water-based recreational activities. Rising participation in fishing, cruising and watersports is supporting demand for boats and related equipment, aided by improving disposable incomes and a preference for experience-driven leisure activities. Technological advancements, including improved fuel efficiency, smart connectivity features and enhanced onboard comfort, are encouraging consumers to upgrade to newer models. Meanwhile, the expansion of the pre-owned boat market and marina infrastructure is improving accessibility and supporting the industry's long-term growth prospects.
Connected, Tech-Enabled Products Are Redefining Engagement: Technology is becoming a core differentiator across leisure and recreation products. Smart fitness equipment, app-enabled gear and subscription-linked platforms are blurring the line between physical products and digital experiences. Peloton has shown how recurring software, content and community features can extend customer lifetime value beyond the initial hardware sale. From now on, manufacturers are investing in sensors, AI-driven personalization and data analytics to deepen engagement, improve outcomes and create more sticky ecosystems, rather than relying on one-time purchases.
Zacks Industry Rank Indicates Bright Prospects The Zacks Leisure and Recreation Products industry is grouped within the broader Consumer Discretionary sector.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects.
The Leisure and Recreation Products industry currently holds a Zacks Industry Rank of #93, placing it in the top 38% of more than 247 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the top 50% of the Zacks-ranked industries results from the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, analysts are gaining confidence in this group’s earnings growth potential.
Before we present a few stocks from the industry that you may want to buy, let us look at the industry’s recent stock market performance and valuation picture.
Industry Underperforms the S&P 500 The Zacks Leisure and Recreation Products industry has underperformed the Zacks S&P 500 composite, but has outperformed its sector in the past year. Stocks in the industry have collectively gained 2.2% compared with the S&P 500’s rise of 30.1%. The Zacks Consumer Discretionary sector has declined 10% in the same time frame.
1-Year Price PerformanceValuation Based on forward 12-month price-to-earnings, which is a commonly used multiple for valuing leisure products stocks, the industry trades at 17.69X compared with the S&P 500’s 21.76X and the sector’s 17.05X. In the past five years, the industry has traded as high as 33.72X and as low as 13.83X, the median being 20.45X, as the charts show.
Forward Price-to-Earnings Ratio Compared With the S&P 500 4 Leisure & Recreation Products Stocks to Watch Malibu Boats: The company is benefiting from growing consumer interest in boating and other outdoor recreational activities. Malibu Boats’ focus on innovation, premium product offerings and advanced performance features continues to attract customers.
Shares of this Zacks Rank #1 (Strong Buy) company have declined 11.3% in the past year. The Zacks Consensus Estimate for MBUU's 2026 earnings has increased in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: MBUU
MasterCraft Boat: The company is benefiting from steady interest in recreational boating and watersports activities. MasterCraft Boat’s focus on premium performance boats, product innovation and strong brand recognition supports demand across its portfolio.
Shares of this Zacks Rank #1 company have surged 27.9% in the past year. The Zacks Consensus Estimate for MCFT's 2026 earnings has increased in the past 60 days.
Price & Consensus: MCFT
YETI Holdings: The company is benefiting from its strong brand, premium product portfolio and loyal customer base. Continued product innovation, expanding international presence and growing direct-to-consumer sales are supporting growth. The company is also capitalizing on increasing consumer interest in outdoor recreation, travel and active lifestyles, driving demand for its drinkware, coolers and other outdoor products. YETI Holdings holds a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for YETI’s 2026 earnings has increased in the past 60 days. YETI stock has soared 68.7% in the past year.
Price & Consensus: YETI
Escalade: The company is benefiting from growing participation in sports, fitness and recreational activities. Escalade’s diversified portfolio of sporting goods, indoor games and fitness products helps it capitalize on rising consumer interest in active lifestyles. Product innovation, strong brand recognition and expanding distribution channels are further supporting demand and driving growth.
Shares of this Zacks Rank #2 company have surged 32.3% in the past year. The Zacks Consensus Estimate for ESCA's 2026 earnings has increased in the past 60 days.
YETI Holdings has outperformed the S&P 500 over the last year, driven by strong brand loyalty, robust wholesale growth and international expansion. Management raised FY26 guidance, now projecting 7–8% sales growth and adjusted EPS of $2.83–$2.89. International expansion remains a key growth lever, with high-teens to 20% expected sales growth and new market entries in Asia planned.
This year, Father’s Day comes at a time when it appears that the long-awaited sector rotation is finally here. But the story may get better. Investors are always looking forward, and the outlook for the economy is starting to look much stronger for the back half of the year.
That may mean we’ll see rotation into stocks and sectors that have been overlooked in the artificial intelligence trade. For gift ideas that go beyond a single day on the calendar, here are three stocks that are great ideas for dads who also like to invest.
Get Stanley Black & Decker alerts:
A Recovery Story Still in ProgressInfrastructure means hammers and nails, as well as servers and semiconductors. That’s been showing up in the performance of Stanley Black & Decker NYSE: SWK. The stock is up 15% in 2026 as of this writing. That’s evidence of the recovery in industrial stocks, which has been one of the top sectors outside of technology.
Stanley Black & Decker Today
SWK
Stanley Black & Decker
$84.64 -0.16 (-0.19%)
As of 06/16/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$61.90▼
$93.37Dividend Yield3.92%
P/E Ratio34.69
Price Target$87.33
SWK is within about 2% of its consensus price target, but there may still be more upside ahead. The latest quarter showed that the company’s performance was uneven depending on the category. For example, organic revenue in its Tools & Outdoor business unit, home of the CRAFTSMAN brand, was 1% lower.
To that end, Stanley Black & Decker is leaning into Father’s Day and the CRAFTSMAN brand. Its Longest Day Build Hub features DIY experts sharing outdoor projects to help create a more functional, family-friendly outdoor space. It also offers special offers on CRAFTSMAN products.
The larger catalyst may be the company's intentional efforts to reduce its supply chain's exposure to China. Analysts forecast earnings growth of about 15% in the next 12 months. That may not be fully priced into the stock, which has delivered a negative total return of 50% in the last five years.
That’s despite the company’s dividend. Stanley Black & Decker is a dividend king that has increased its dividend for 58 consecutive years.
The Housing Coil Keeps TighteningMany DIY Dads are frequent visitors to Home Depot NYSE: HD. But that hasn’t shown up in the company’s stock performance. Home Depot has struggled amid a tight housing market, as consumers put off major renovations. In the last five years, investors have received a total return of around 8%. That’s far below the broader market and the company’s own history.
Home Depot Today
HD
Home Depot
$336.85 +7.03 (+2.13%)
As of 06/16/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$289.10▼
$426.75Dividend Yield2.77%
P/E Ratio23.92
Price Target$371.71
But HD is showing signs of recovery. The stock is still down slightly in 2026, but it is up over 10% over the prior 30 days. Analysts confirm that sentiment with a consensus price target of $371.71, implying over 10% upside.
Some of that optimism may be fueled by hopes of interest rate cuts that could unlock a frozen housing market. But it could also reflect the idea that the consumer remains resilient, which could show up in areas like paint and hardware. Lower fuel prices, which could lower commodity prices, may also fuel growth.
Plus, despite the stock’s uneven five-year performance, the dividend has continued to grow. As of this writing, Home Depot pays out $9.32 per share on an annual basis, has increased the dividend for 16 consecutive years, and has a history of paying a dividend that goes back 40 years.
A Premium Brand Playing the Long GameYETI Holdings NYSE: YETI is an example of the continued demand in the premium market. But also, even premium brands are having a difficult time passing along price hikes. The company’s Q1 2026 earnings report showed a continuation of the trend towards year-over-year (YOY) revenue growth.
YETI Today
$49.39 -0.49 (-0.99%)
As of 06/16/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$29.12▼
$51.89P/E Ratio25.20
Price Target$50.42
That’s not the sign of a brand with declining demand. And just in time for Father’s Day and the Fourth of July, the company has restocked its Fire Pit Grill Kit, which is one of the brand’s top sellers.
But that YOY growth isn’t showing up on the bottom line. YETI beat estimates for 17 cents of adjusted earnings per share (EPS) by 9 cents. That better-than-expected result, however, was still 16% lower on a YOY basis. The company’s margin pressure is due to tariffs, which it believes will soften in the second half of 2026 as YOY comparisons normalize.
Unlike the other two names on this list, YETI doesn’t pay a dividend. That’s a factor to weigh, especially for a stock that’s delivered a negative total return of over 45% in the last five years. However, YETI isn’t completely dismissing shareholder returns. The company recently expanded its share repurchase program, which still has $500 million available as of May 14, 2026. That’s one indication that management believes the stock may be undervalued.
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Shares of Yeti (YETI - Free Report) have been strong performers lately, with the stock up 17.5% over the past month. The stock hit a new 52-week high of $51.89 in the previous session. Yeti has gained 12.9% since the start of the year compared to the -7.8% move for the Zacks Consumer Discretionary sector and the 0.4% return for the Zacks Leisure and Recreation Products industry.
What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on May 14, 2026, Yeti reported EPS of $0.26 versus consensus estimate of $0.17.
For the current fiscal year, Yeti is expected to post earnings of $2.87 per share on $2.01 in revenues. This represents a 15.73% change in EPS on a 7.55% change in revenues. For the next fiscal year, the company is expected to earn $3.28 per share on $2.15 in revenues. This represents a year-over-year change of 14.29% and 6.74%, respectively.
Valuation MetricsWhile Yeti has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Yeti has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 17.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 19.4X. On a trailing cash flow basis, the stock currently trades at 17.5X versus its peer group's average of 15.7X. Additionally, the stock has a PEG ratio of 1.33. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Yeti currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Yeti passes the test. Thus, it seems as though Yeti shares could have a bit more room to run in the near term.
Yeti (YETI - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Yeti basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Yeti, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for YetiFor the fiscal year ending December 2026, this maker of outdoor and recreational products is expected to earn $2.87 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Yeti. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Yeti to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Baillie Gifford & Co. increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) by 50.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,945,196 shares of the company’s stock after acquiring an additional 1,330,278 shares during the quarter. Baillie Gifford & Co. owned approximately 5.07% of YETI worth $174,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in YETI by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock worth $185,089,000 after acquiring an additional 696,983 shares during the last quarter. Reinhart Partners LLC. grew its holdings in YETI by 24.2% in the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock worth $88,323,000 after acquiring an additional 519,102 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in YETI by 110.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after acquiring an additional 1,314,878 shares during the last quarter. American Century Companies Inc. grew its holdings in YETI by 38.1% in the 3rd quarter. American Century Companies Inc. now owns 1,981,953 shares of the company’s stock worth $65,761,000 after acquiring an additional 547,098 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in YETI by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,025 shares of the company’s stock worth $61,291,000 after acquiring an additional 41,766 shares during the last quarter.
YETI Trading Up 0.1% Shares of YETI opened at $36.72 on Monday. The firm’s 50-day moving average price is $41.36 and its 200-day moving average price is $40.88. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 18.09 and a beta of 1.80. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $51.29.
YETI (NYSE:YETI – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. YETI had a return on equity of 22.53% and a net margin of 8.85%.The company had revenue of $583.71 million for the quarter, compared to analyst estimates of $582.43 million. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.
Analyst Ratings Changes A number of equities research analysts have recently weighed in on YETI shares. Roth Mkm upgraded YETI from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $45.00 price objective on shares of YETI in a research report on Tuesday, January 27th. Citigroup lifted their price objective on YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. UBS Group cut their price objective on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.15.
View Our Latest Analysis on YETI
YETI Company Profile (Free Report)
YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.
Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.
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Yeti (YETI - Free Report) shares ended the last trading session 7.2% higher at $41.17. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.4% gain over the past four weeks.
YETI is benefiting from strong demand for its premium drinkware and coolers, supported by brand loyalty and innovation in new product launches. It is also gaining from its direct-to-consumer expansion and international growth initiatives, which are helping drive higher-margin sales and broader market reach.
This maker of outdoor and recreational products is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -45.2%. Revenues are expected to be $374.36 million, up 6.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Yeti, the consensus EPS estimate for the quarter has been revised 7.4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on YETI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Yeti is part of the Zacks Leisure and Recreation Products industry. Brunswick (BC - Free Report) , another stock in the same industry, closed the last trading session 5% higher at $81.23. BC has returned 8.6% in the past month.
For Brunswick, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.46. This represents a change of -17.9% from what the company reported a year ago. Brunswick currently has a Zacks Rank of #3 (Hold).
April 23, 2026 08:00 ET | Source: YETI Holdings, Inc.
AUSTIN, Texas, April 23, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that it plans to report its first quarter fiscal year 2026 financial results on Thursday, May 14, 2026, before the market opens. YETI will host a conference call at 8:00 a.m. ET to discuss its financial results.
Investors and analysts who wish to participate in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live webcast of the conference call will also be available in the investor relations section of YETI’s website, www.investors.yeti.com.
A recorded replay of the call will be available shortly after the conclusion of the call and remain available until May 28, 2026. To access the telephone replay, dial 844-512-2921 (international callers, please dial 412-317-6671). The access code for the replay is 1172791. A replay of the webcast will also be available within two hours of the conclusion of the call and will remain available on the website for 90 days.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.
ROGERS, Ark., May 03, 2026 (GLOBE NEWSWIRE) -- With 25 minutes left in Sunday’s Championship Round at Yuengling Light Lager Stage 5 Presented by YETI, Cole Floyd got the news he’d been dreading.
Floyd had sat atop SCORETRACKER® for virtually all of Saturday’s Knockout Round and most of the final day on Beaver Lake. Leading Wesley Strader by more than 6 pounds with 30 minutes until lines out, he could taste his first Bass Pro Tour (BPT) win. But Strader – who had closed strong each of the past two days just to make it to the Championship Round – caught a late 5-pounder for the third day in a row, then followed it up with a 1-12 to take over the lead.
Here we go again, thought Floyd, who had 14 prior Top 10 finishes in tour-level events (including nine on the BPT) without a victory.
“What was going through my mind at that point was I was probably going to finish second,” he said. “It was just a gut-wrencher. With roughly 15 minutes left, I was like, man, it’s going to have to be a miracle for me to catch one.”
But even after admittedly “throwing a little fit there for a minute,” Floyd kept casting. With 12 minutes left, he hooked a 1-11 that came unpinned as he swung it over the gunwale, mercifully landing in the bottom of his Ranger.
While far from the heaviest of Floyd’s 24 scorable bass on the day, it’ll go down as the biggest of his career so far. That fish pushed Floyd’s total to 56 pounds even, edging Strader by 14 ounces and earning Floyd $125,000 and his long-awaited first pro win.
Link to Hi-Res Photo of Yuengling Light Lager Stage 5 at Beaver Lake Winner Cole Floyd
Link to Day 4 Photo Gallery: Top 10 anglers hit Beaver Lake for Bass Pro Tour Stage 5 Championship
Link to Day 4 Photo Gallery: Beaver Lake delivers a suspenseful finale for Bass Pro Tour Stage 5
Link to HD Video of Highlights from Day 4 Competition on Beaver Lake
His late catch on Championship Sunday didn’t represent Floyd’s only afternoon heroics on the week. With one period left in the Qualifying Round on Friday, he sat in 43rd place, almost 15 pounds back of the Lucas Oil Cut Line. That’s when he ran to the shallowest reaches of the War Eagle River, a tributary on the upper end of Beaver Lake where he would spend the rest of the event and blasted 31-1 on 13 scorable bass to secure a spot in the Knockout Round.
Floyd had found a decent bite in the War Eagle River during practice, but a storm prior to Day 1 had muddied the area too much. As the water cleared and continued to rise during the event, flooding terrestrial grass and other cover, prespawn bass pushed shallow in droves.
The biggest lesson Floyd had learned from all his near misses on the Bass Pro Tour is the importance of finding an emerging pattern, as even the best bite on Day 1 rarely holds up over four days of competition. This represented the perfect scenario. Plus, it aligned with Floyd’s wheelhouse, allowing him to power fish for shallow largemouth.
“That area was all chocolate milk the first day of the tournament, and as it cleaned up, it just kind of developed,” he explained. “It was setting up right in my lap, just the way the water conditions were and what the fish were doing. Those fish were a little bit later (to spawn) up there, and that was key. The water’s a little cooler, and those fish were just getting on bed up there, and a lot of them were big prespawn females.”
Floyd carried his momentum into Saturday, stacking up 33-12 in the opening frame. That allowed him to use the latter two-thirds of the day to scout new water and conserve fish for the Championship Round, which proved pivotal.
Floyd’s best stretch from the previous two days wasn’t nearly as productive when he started Sunday morning there. He only caught one scorable bass, a 1-9, in the first half hour. But he continued to cycle through areas and generated enough bites to figure out how the bass were setting up and the best baits to catch them. While he mixed in a few other presentations, Floyd’s top performers were a Strike King Thunder Cricket and a Strike King swim jig paired with a Strike King Rage Scounbug, the latter of which did most of the heavy lifting in the Championship Round.
Floyd closed the first period by boating a 4-3, then a 3-1, then another 4-3. Emblematic of the quality he caught all week, those fish gave Floyd a lead he wouldn’t relinquish until the final minutes.
“I was definitely worried after I went down my best stretch and only caught a couple fish down through there, and they weren’t even big,” he said. “I knew I was in for a day, and it was going to be a little tougher. In the back of my mind, I had other spots. I had a lot of confidence in them, and they ended up pulling through.”
While he steadily added to his total throughout the day, Floyd could never get enough cushion over his pursuers to ease his nerves. Three anglers – Strader, Zack Birge and Spencer Shuffield – lurked within 10 pounds of his total entering the final period.
“That was by far the most stressful tournament I’ve ever fished, and the longest day of fishing, for sure,” he said.
It looked for a brief moment like Floyd might have shut the door. In the first few minutes of Period 3, he landed a 3-6 and a 2-3 back-to-back to push his advantage over 15 pounds.
Then, Strader started his daily charge. Fishing his 21st career MLF event on Beaver Lake (the most of any angler in the field), Strader had pulled off furious rallies each of the previous two afternoons. Friday, he caught eight scorable bass for 21-5 in the final period (including five for 14-6 in the last 20 minutes) to make it to the Knockout Round. There, he racked up 27-15 on 10 scorable bass in Period 3.
Right on cue, Strader added more than 15 pounds in about 20 minutes with a six-fish flurry, slashing Floyd’s lead to 2-5. Floyd answered with a pair of scorables, and the two traded blows from there.
When Strader landed his 5-8 – not only the Berkley Big Bass of the day but the biggest of the event – then took the lead shortly thereafter, Floyd felt sick.
“I definitely kind of lost it there for a minute,” he said. “I was wanting to strangle Wesley. I was cussing him out in my head. I was like, ‘You gotta be kidding me, man.’ To have the lead like that and for him to catch that size of fish right at the end – that’s a unicorn on this lake.”
Floyd kept his composure enough to run to “a little cut” in the back of a shallow flat that held sparse grass. He’d gotten bit there earlier in the day but felt like he’d left some bass. That intuition proved correct when the decisive 1-11 bit his swim jig.
“I swung it in the boat, and as soon as I went to grab the line, it came off,” Floyd said with a laugh. “So, it was meant to be, I guess.”
After so many close calls hadn’t gone his way, Floyd admitted he’d begun to wonder whether he’d ever win a top-level tournament. Never had that doubt weighed heavier than when Strader took the lead from him. Rallying to take it back not only made for a triumphant end to a thrilling day on Beaver Lake; it gave Floyd belief that he’s good enough to go toe-to-toe with the best in the world and come out on top.
“I always wanted to just get one win under my belt, just to get a taste of it so I have the confidence to know I can do it,” Floyd said. “I really felt like I was never going to win one. It just gives me that confidence that it can happen. It's a great feeling.”
The top 10 pros at Yuengling Light Lager Stage 5 at Beaver Lake Presented by YETI finished:
1st: Cole Floyd, Leesburg, Ohio, 24 bass, 56-0, $125,000
2nd: Wesley Strader, Spring City, Tenn., 23 bass, 55-2, $45,000
3rd: Banks Shaw, Harrison, Tenn., 20 bass, 38-13, $35,000
4th: Zack Birge, Blanchard, Okla., 15 bass, 34-12, $30,000
5th: Spencer Shuffield, Hot Springs, Ark., 13 bass, 28-6, $25,000
6th: Anthony Gagliardi, Prosperity, S.C., 10 bass, 22-14, $23,000
7th: Drew Gill, Mount Carmel, Ill., 11 bass, 21-7, $22,000
8th: Jacob Wheeler, Birchwood, Tenn., 10 bass, 20-14, $21,000
9th: Ron Nelson, Berrien Springs, Mich., 10 bass, 20-4, $20,500
10th: Marshall Hughes, Hemphill, Texas, six bass, 13-0, $20,000
A complete list of results can be found at MajorLeagueFishing.com.
Overall, there were 142 bass caught weighing 311 pounds, 8 ounces, caught by the 10 Bass Pro Tour anglers on Sunday.
Sunday’s $1,000 Berkley Big Bass Award was earned by Wesley Strader– his third big bass win of the event – who caught a 5-pound, 8-ounce largemouth in the third period on a spinnerbait. Berkley awards $1,000 to the angler who weighs the heaviest bass each day.
Hosted by Destination Rogers, the four-day tournament featured 51 of the world’s top professional anglers competing for a $125,000 top prize and their share of a $600,000 purse, along with valuable Fishing Clash Angler of the Year (AOY) points in hopes of qualifying for REDCREST 2027 – the Bass Pro Tour championship – and the Kubota Heavy Hitters all-star event.
The next event for Bass Pro Tour anglers will be the Kubota Heavy Hitters Presented by Bass Pro Shops all-star event, at Orange Lake in Ocala, Florida, May 16-21.
The 2026 Bass Pro Tour features a field of 51 of the best professional anglers in the world, competing across seven regular-season tournaments around the country for millions of dollars and valuable points to qualify for the annual Kubota Heavy Hitters all-star event and the REDCREST 2027 championship.
Television coverage of the Yuengling Light Lager Stage 5 at Beaver Lake Presented by YETI will premiere as a two-hour episode starting at 7 a.m. ET, on Saturday, Sept. 19 on Discovery. New MLF episodes premiere each Saturday morning on Discovery, with re-airings on Outdoor Channel.
Proud sponsors of the MLF Bass Pro Tour include: Abu Garcia, Athletic Brewing Co., B&W Trailer Hitches, Bass Force, Bass Pro Shops, Berkley, Black Buffalo, BUBBA, Cigars International, Epic Baits, Fishing Clash, Grizzly, Lowrance, Mercury, MillerTech, NITRO Boats, OFF! Deep Woods, O’Reilly Auto Parts, Power-Pole, Ranger Boats, Rapala, Star brite, Suzuki Marine, Toyota, Yuengling and Zenni.
For complete details and updated information on Major League Fishing and the Bass Pro Tour, visit MajorLeagueFishing.com. For regular updates, photos, tournament news and more, follow MLF’s social media outlets at Facebook, X, Instagram, Rumble and YouTube.
About Major League Fishing
Major League Fishing (MLF) is the world’s largest tournament-fishing organization, producing more than 250 events annually at some of the most prestigious fisheries in the world, while broadcasting to America’s living rooms on CBS, Discovery, Outdoor Channel, VICE, World Fishing Network, RFD-TV, Game & Fish TV and Rumble, and on demand on MyOutdoorTV (MOTV). Headquartered in Benton, Kentucky, the MLF roster of bass anglers includes the world’s top pros and more than 30,000 competitors in all 50 states and 20 countries. Since its founding in 2011, MLF has advanced the sport of competitive fishing through its premier television broadcasts and livestreams and is dedicated to improving the quality of life for bass through research, education, fisheries enhancement and fish care.
Van Berkom & Associates Inc. sold out its entire position in YETI Holdings (YETI +0.32%) during the first quarter, according to a May 7, 2026, SEC filing. The estimated transaction value is $71.32 million, based on the average closing price for the quarter.
What happenedAccording to a recent SEC filing dated May 7, 2026, Van Berkom & Associates Inc. liquidated its entire stake in YETI Holdings during the first quarter of 2026. The firm sold 1,620,914 shares, with the estimated transaction value totaling $71.32 million, based on the average closing price for the quarter. The net position change, including price fluctuations, was a decrease of $71.60 million.
What else to knowVan Berkom & Associates Inc. sold out of YETI Holdings.Top holdings after the filing:NASDAQ:SNEX: $111.64 million (3.7% of AUM)NYSE:DOCN: $110.95 million (3.7% of AUM)NASDAQ:LAUR: $108.12 million (3.6% of AUM)NASDAQ:ENSG: $104.82 million (3.5% of AUM)NASDAQ:VCTR: $101.81 million (3.4% of AUM)As of May 6, 2026, shares of YETI Holdings were priced at $42.46, up about 50% over the past year and outperforming the S&P 500 by over 20 percentage points.Company OverviewMetricValueRevenue (TTM)$1.87 billionNet Income (TTM)$165.39 millionPrice (as of market close 2026-05-06)$42.46Company SnapshotYETI Holdings offers premium outdoor products including hard and soft coolers, drinkware, bags, and accessories under the YETI and Rambler brands.The firm generates revenue through direct-to-consumer channels and a broad network of independent retailers across multiple continents.It targets outdoor enthusiasts, recreational consumers, and specialty retail customers in the United States and select international markets.YETI Holdings, Inc. distributes durable outdoor products and utilizes a multi-channel distribution strategy in the leisure and recreation market.
What this transaction means for investorsYETI stock has surged about 50% over the past year, and this sale ultimately looks like a classic case of locking in gains after a huge run.
Underneath the stock’s latest rally, profit growth has started to slow, and tariff pressures are beginning to creep in. Fourth-quarter sales rose 7% to $583.7 million, while full-year net sales increased 2% to nearly $1.87 billion. International sales were especially impressive, climbing 25% in the quarter and 16% for the full year as the company expanded across Europe, Australia, and Japan. But margins moved in the wrong direction. Adjusted operating income fell 14% in the fourth quarter, and management said higher tariff costs shaved roughly $0.15 off adjusted EPS. Even full-year adjusted EPS slipped 9% to $2.48.
Ultimately, YETI still has a strong brand, loyal customers, and growing international demand, but after such a sharp stock move, the market may now expect near-perfect execution. That leaves less room for operational hiccups or margin compression going forward.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DigitalOcean. The Motley Fool recommends Yeti. The Motley Fool has a disclosure policy.
In its upcoming report, Yeti (YETI - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.17 per share, reflecting a decline of 45.2% compared to the same period last year. Revenues are forecasted to be $374.36 million, representing a year-over-year increase of 6.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Yeti metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Net Sales by Channel- Direct-to-consumer' should come in at $206.80 million. The estimate indicates a year-over-year change of +5.4%.
Analysts expect 'Net Sales by Channel- Wholesale' to come in at $165.82 million. The estimate indicates a change of +7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales by Category- Other' of $5.14 million. The estimate indicates a change of -3.2% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales by Category- Drinkware' reaching $215.14 million. The estimate suggests a change of +4.6% year over year.
The consensus estimate for 'Net Sales by Category- Coolers & Equipment' stands at $154.48 million. The estimate points to a change of +10.2% from the year-ago quarter.
Analysts forecast 'Geographic Revenues- United States' to reach $280.06 million. The estimate indicates a change of +3.2% from the prior-year quarter.
The consensus among analysts is that 'Geographic Revenues- International' will reach $93.17 million. The estimate indicates a change of +16.7% from the prior-year quarter.
View all Key Company Metrics for Yeti here>>>
Shares of Yeti have demonstrated returns of +13.2% over the past month compared to the Zacks S&P 500 composite's +9.1% change. With a Zacks Rank #4 (Sell), YETI is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
AUSTIN, Texas--(BUSINESS WIRE)--YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the first quarter ended April 4, 2026.
First Quarter 2026 Highlights
Sales increased 8%, driven by strong consumer demand across categories and channels Wholesale sales grew 19%, delivering our best quarterly performance in over three years US sales grew 8%; International sales grew 9% Coolers & Equipment sales grew 11%; Drinkware sales grew 5% EPS decreased 35% to $0.13; Adjusted EPS decreased 16% to $0.26 from $0.31, inclusive of a $0.09 unfavorable net impact from incremental tariffs Increased Share Repurchase Program authorization to $500 million Update on 2026 Outlook
Raises the lower end of 2026 sales growth Outlook to new range of 7% to 8%, up from 6% to 8% Increases 2026 adjusted operating income margin Outlook to approximately 14.6%, up from 14.4% previously Raises 2026 EPS Outlook to $2.83 to $2.89, reflecting 14% to 17% growth, up from $2.77 to $2.83 or 12% to 14% growth previously Matt Reintjes, President and Chief Executive Officer, commented, “Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter. YETI saw exceptionally strong US consumer sell-through demand across both Drinkware and Coolers & Equipment. We delivered robust top‑ and bottom‑line execution that was broad‑based across categories and channels. The response to the YETI brand and our continued pace of innovation fueled overall double-digit sales growth in Coolers & Equipment along with a mid-single digit growth in Drinkware, including a return to growth in the US Drinkware business. Overall, our global wholesale channel grew 19% on the back of continued strength in consumer demand and demand from our partners for our expanding innovation. While particularly cautious ordering from our corporate partners across all global regions was a meaningful growth drag in the quarter, our results reflect the strength of our broader Direct-to-consumer channels in both Drinkware and Coolers & Equipment."
Mr. Reintjes continued, “As we look forward, we are driving our strategic growth initiatives reaching new, large audiences of global enthusiasts, delivering core category expansion while scaling proven adjacencies and entering global markets with strong economics. The investments we’ve made over twenty years of building YETI show up in earned, repeatable and disciplined growth supported by innovation, supply chain flexibility, and broadening global capabilities. We are incredibly excited about the opportunities in front of us.”
First Quarter 2026 Results
Sales increased 8% to $380.4 million, driven by broad-based performance across our key product categories and channels.
Sales by Channel
Wholesale channel sales increased 19% to $183.6 million, driven by strong growth across the US and our international regions, reflecting strong consumer demand. Direct-to-consumer (“DTC”) channel sales were flat at $196.8 million. Consumer demand across YETI websites, Amazon Marketplace and YETI retail stores was strong and tracked in line with YETI’s overall growth rate during the quarter. This strength was offset by a decline in global Corporate Sales. Sales by Category
Coolers & Equipment sales increased 11% to $156.1 million, primarily driven by strong performance in soft coolers, bags, hard coolers, and cargo, reflecting continued strength across core and expanded categories. Drinkware sales increased 5% to $216.9 million, as we saw growth in the US and in our international regions. Drinkware growth was supported by continued innovation in our Drinkware product portfolio, and was unfavorably impacted by a decline in Corporate Sales. Sales by Region
US sales increased 8% to $293.1 million, driven by growth in both Coolers & Equipment and Drinkware, reflecting strong consumer demand trends. Demand was robust in the wholesale channel as well as YETI websites, Amazon Marketplace, and YETI retail, partially offset by a decline in Corporate Sales. International sales increased 9% to $87.3 million, reflecting strong growth in Europe, as well as growth in Australia and Canada, and continued momentum in Japan. Strong demand in the wholesale channel as well as Amazon Marketplace was partially offset by a decline in Corporate Sales. Gross profit increased 4% to $210.2 million. Gross margin decreased 210 basis points to 55.3%. The decrease in gross margin included a 280 basis point unfavorable impact from higher tariff costs, as well as lower mix of our DTC channel and Drinkware category. These decreases were partially offset by the favorable impact of foreign currency exchange rates and lower product costs.
Adjusted gross profit increased 4% to $210.2 million. Adjusted gross margin decreased 200 basis points to 55.3%. The decrease in adjusted gross margin included a 280 basis point unfavorable impact from higher tariff costs, as well as lower mix of our DTC channel and Drinkware category. These decreases were partially offset by the favorable impact of foreign currency exchange rates and lower product costs.
Selling, general, and administrative (“SG&A”) expenses increased 10% to $197.8 million. As a percentage of sales, SG&A expenses increased 70 basis points to 52.0%, reflecting growth investments in technology and facilities, and higher employee compensation, including investments in headcount to support our international expansion, partially offset by lower non-cash stock-based compensation.
Adjusted SG&A expenses increased 10% to $183.6 million. As a percentage of sales, adjusted SG&A expenses increased 100 basis points to 48.3%, reflecting growth investments in facilities and technology, and higher employee compensation, including investments in headcount to support our international expansion.
Operating income decreased 43% to $12.4 million, or 3.3% of sales. The operating income margin of 3.3% reflects an approximately 230 basis point unfavorable net impact from incremental tariff costs.
Adjusted operating income decreased 24% to $26.6 million, or 7.0% of sales. The adjusted operating income margin of 7.0% reflects an approximately 230 basis point unfavorable net impact from incremental tariff costs.
Net income decreased 41% to $9.9 million, or 2.6% of sales, compared to $16.6 million, or 4.7% of sales in the prior year quarter. Net income per diluted share decreased 35% to $0.13, compared to $0.20 in the prior year quarter. Net income per diluted share in the current quarter included an unfavorable net impact from incremental tariff costs of approximately $0.09.
Adjusted net income decreased 23% to $19.8 million, or 5.2% of sales, compared to $25.8 million, or 7.3% of sales in the prior year quarter. Adjusted net income per diluted share decreased 16% to $0.26, compared to $0.31 in the prior year quarter. Adjusted net income per diluted share in the current quarter included an unfavorable net impact from incremental tariff costs of approximately $0.09.
Balance Sheet and Liquidity Review
We continued to maintain a strong liquidity position with cash of $127.8 million, total debt, excluding finance leases and unamortized deferred financing fees, of $72.8 million, and our $300 million Revolving Credit Facility remaining undrawn as of the end of the first quarter of 2026.
Inventory decreased 4% to $318.4 million.
Capital Allocation Update
We continue to expect strong free cash flow generation and remain committed to investing in the business to drive sustainable growth and enhance long-term shareholder value through share repurchases.
We are announcing today that our Board of Directors approved an increase to our existing share repurchase program, resulting in $500 million available for the repurchase of shares as of May 14, 2026.
2026 Outlook
Mr. Reintjes concluded, “Our strong first quarter performance reinforces confidence in our full year outlook. Supported by strong demand for innovation, continued growth in both Drinkware and Coolers & Equipment, and international expansion, we are raising the lower end of our full-year sales growth expectations to a new range of 7% to 8% and raising our EPS expectations slightly. In our 20th anniversary year, we are building on a proven foundation, an incredibly strong brand, and significant global addressable opportunity. With a clear focus on our strategic priorities, we remain confident in our ability to drive long‑term growth and profitability, unlocking the full global potential of YETI and driving significant shareholder value.”
For Fiscal 2026 compared to Fiscal 2025, YETI expects:
Sales to increase between 7% to 8% (versus previous outlook of 6% to 8%); Adjusted operating income to increase between 8% to 10% (versus previous outlook of 6% to 8%). This updated outlook does not include the future favorable impact of any potential IEEPA tariff refunds; Adjusted operating income as a percentage of sales of approximately 14.6% (versus previous outlook of 14.4%); An effective tax rate of approximately 24% (consistent with previous outlook); Adjusted net income per diluted share between $2.83 and $2.89 (versus previous outlook of between $2.77 and $2.83, or 12% to 14% growth), reflecting a 14% to 17% increase; Diluted weighted average shares outstanding of approximately 76.6 million (consistent with previous outlook). This outlook reflects the impact of $100 million in expected share repurchases in Fiscal 2026; Capital expenditures between $60 million and $70 million (consistent with previous outlook), primarily to support investments in technology, new product innovation, and our supply chain; and Free cash flow between $200 million and $225 million (consistent with previous outlook). Conference Call Details
A conference call to discuss the first quarter of 2026 financial results is scheduled for today, May 14, 2026, at 8:00 a.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at http://investors.yeti.com. A replay will be available through Thursday, May 28, 2026 by dialing 844-512-2921 (international callers, 412-317-6671). The accompanying access code for this call is 1172791.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.
Non-GAAP Financial Measures
In addition to our results determined in accordance with GAAP, we supplement our results with non-GAAP financial measures, including adjusted gross profit, adjusted gross margin, adjusted SG&A expenses, adjusted operating income, adjusted net income, adjusted net income per diluted share (which we also refer to as adjusted EPS), free cash flow as well as adjusted gross profit, adjusted SG&A expenses, adjusted operating income and adjusted net income as a percentage of net sales.
Our management uses these non-GAAP financial measures in conjunction with GAAP financial measures to measure our profitability and to evaluate our financial performance. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding the underlying operating performance of our business and are appropriate to enhance an overall understanding of our financial performance. These non-GAAP financial measures have limitations as analytical tools in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered along with GAAP financial performance measures. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. A reconciliation of the non-GAAP financial measures to such GAAP measures can be found below.
YETI does not provide a reconciliation of forward-looking non-GAAP to GAAP financial measures because such reconciliations are not available without unreasonable efforts. This is due to the inherent difficulty in forecasting with reasonable certainty certain amounts that are necessary for such reconciliation, including in particular the impacts of realized and unrealized foreign currency gains and losses reported within other expense. For the same reasons, we are unable to forecast with reasonable certainty all deductions and additions needed in order to provide forward-looking GAAP financial measures at this time. The amount of these deductions and additions may be material and, therefore, could result in forward-looking GAAP financial measures being materially different or less than forward-looking non-GAAP financial measures. See “Forward-looking statements” below.
Forward-looking statements
This press release contains ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements. Forward-looking statements include statements containing words such as “anticipate,” “assume,” “believe,” “can have,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “potential,” “seek,” “should,” “target,” “will,” “would,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events. For example, all statements made regarding future expectations relating to our growth, innovation, supply chain, and global expansion initiatives, our plans for sustainable global growth, share repurchase plans, future financial performance, capital expenditures, and our expectations for opportunity, growth, and investments, including those set forth in the quotes from YETI’s President and CEO, and the 2026 financial outlook provided herein, constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected and, therefore, you should not unduly rely on such statements. The risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include but are not limited to: (i) economic conditions or consumer confidence in future economic conditions; (ii) our ability to maintain and strengthen our brand and generate and maintain ongoing demand for our products; (iii) our ability to successfully design, develop and market new products; (iv) our ability to effectively manage our growth; (v) our ability to expand into additional consumer markets, and our success in doing so; (vi) the success of our international expansion plans; (vii) our ability to compete effectively in the outdoor and recreation market and protect our brand; (viii) the level of customer spending for our products, which is sensitive to general economic conditions and other factors; (ix) problems with, or loss of, our third-party contract manufacturers and suppliers or an inability to obtain raw materials; (x) fluctuations in the cost and availability of raw materials, equipment, labor, and transportation and subsequent manufacturing delays or increased costs; (xi) adverse changes in international trade policies, tariffs and treaties, including increases in tariff rates and the imposition of additional tariffs; (xii) our ability to accurately forecast demand for our products and our results of operations; (xiii) our relationships with our national, regional, and independent retail partners, who account for a significant portion of our sales; (xiv) risks associated with our direct-to-consumer channel; (xv) substantial fixed costs related to operating retail stores; (xvi) the impact of natural disasters and failures of our information technology on our operations and the operations of our manufacturing partners; (xvii) the integration and use of artificial intelligence; (xviii) our ability to attract and retain skilled personnel and senior management, and to maintain the continued efforts of our management and key employees; (xix) the impact of our indebtedness on our ability to invest in the ongoing needs of our business; and (xx) our ability to successfully execute our share repurchase program and its impact on stockholder value and the volatility of the price of our common stock. For a more extensive list of factors that could materially affect our results, you should read our filings with the United States Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended January 3, 2026, as such filings may be amended, supplemented or superseded from time to time by other reports YETI files with the SEC.
These forward-looking statements are made based upon detailed assumptions and reflect management’s current expectations and beliefs. While YETI believes that these assumptions underlying the forward-looking statements are reasonable, YETI cautions that it is very difficult to predict the impact of known factors, and it is impossible for YETI to anticipate all factors that could affect actual results.
The forward-looking statements included here are made only as of the date hereof. YETI undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. Many of the foregoing risks and uncertainties may be exacerbated by the global business and economic environment, including ongoing geopolitical conflicts.
Solely for convenience, certain trademark and service marks referred to in this press release appear without the ® or ™ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and service marks.
YETI HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended
April 4,
2026
March 29,
2025
Net sales
$
380,414
$
351,128
Cost of goods sold
170,203
149,406
Gross profit
210,211
201,722
Selling, general, and administrative expenses
197,773
180,051
Operating income
12,438
21,671
Interest (expense) income, net
(1,117
)
308
Other income, net
979
1,376
Income before income taxes
12,300
23,355
Income tax expense
(2,449
)
(6,746
)
Net income
$
9,851
$
16,609
Net income per share
Basic
$
0.13
$
0.20
Diluted
$
0.13
$
0.20
Weighted-average shares outstanding
Basic
75,319
82,598
Diluted
76,747
83,543
YETI HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (In thousands)
April 4,
2026
January 3,
2026
March 29,
2025
ASSETS
Current assets
Cash
$
127,791
$
188,342
$
259,042
Accounts receivable, net
136,023
141,424
120,543
Inventory
318,362
290,611
330,515
Prepaid expenses and other current assets
60,145
39,949
57,116
Total current assets
642,321
660,326
767,216
Property and equipment, net
142,443
142,105
130,576
Operating lease right-of-use assets
127,803
131,531
89,046
Goodwill
72,308
72,308
72,308
Intangible assets, net
223,908
219,791
174,154
Other assets
9,835
9,357
4,566
Total assets
$
1,218,618
$
1,235,418
$
1,237,866
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable
$
146,574
$
140,214
$
137,586
Accrued expenses and other current liabilities
114,327
135,353
110,050
Taxes payable
10,107
15,897
10,418
Accrued payroll and related costs
14,748
22,659
11,768
Operating lease liabilities
15,189
15,044
20,938
Current maturities of long-term debt
4,678
5,172
6,486
Total current liabilities
305,623
334,339
297,246
Long-term debt, net of current portion
67,373
68,301
71,401
Operating lease liabilities, non-current
137,391
139,945
84,290
Other liabilities
48,304
42,557
20,667
Total liabilities
558,691
585,142
473,604
Stockholders’ Equity
Common stock
907
900
896
Treasury stock, at cost
(602,268
)
(602,268
)
(301,634
)
Additional paid-in capital
471,158
471,770
434,519
Retained earnings
789,363
779,512
630,734
Accumulated other comprehensive gain (loss)
767
362
(253
)
Total stockholders’ equity
659,927
650,276
764,262
Total liabilities and stockholders’ equity
$
1,218,618
$
1,235,418
$
1,237,866
YETI HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) (In thousands)
Three Months Ended
April 4,
2026
March 29,
2025
Cash Flows from Operating Activities:
Net income
$
9,851
$
16,609
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization
13,972
13,152
Amortization of deferred financing fees
159
161
Stock-based compensation
9,401
10,144
Deferred income taxes
4,799
5,708
Impairment of long-lived assets
973
—
Product recalls
477
—
Other
959
(3,612
)
Changes in operating assets and liabilities:
Accounts receivable
6,217
170
Inventory
(26,901
)
(20,220
)
Other current assets
(20,136
)
(11,960
)
Accounts payable and accrued expenses
(28,363
)
(63,009
)
Taxes payable
(5,763
)
(27,783
)
Other
1,706
344
Net cash used in operating activities
(32,649
)
(80,296
)
Cash Flows from Investing Activities:
Purchases of property and equipment
(11,119
)
(8,901
)
Additions of intangibles, net
(3,408
)
(6,609
)
Net cash used in investing activities
(14,527
)
(15,510
)
Cash Flows from Financing Activities:
Repayments of long-term debt
(1,055
)
(1,055
)
Taxes paid in connection with employee stock transactions
(10,006
)
(1,542
)
Payments of finance lease obligations
(527
)
(3,874
)
Net cash used in financing activities
(11,588
)
(6,471
)
Effect of exchange rate changes on cash
(1,787
)
2,524
Net decrease in cash
(60,551
)
(99,753
)
Cash, beginning of period
188,342
358,795
Cash, end of period
$
127,791
$
259,042
YETI HOLDINGS, INC.
Supplemental Financial Information
Disaggregated Net Sales
(Unaudited) (In thousands)
Three Months Ended
April 4,
2026
March 29,
2025
Net Sales by Channel
Wholesale
$
183,595
$
154,912
Direct-to-consumer
196,819
196,216
Total net sales
$
380,414
$
351,128
Net Sale by Category
Coolers & Equipment
$
156,101
$
140,217
Drinkware
216,905
205,601
Other
7,408
5,310
Total net sales
$
380,414
$
351,128
Net Sales by Geographic Region
United States
$
293,086
$
271,275
International
87,328
79,853
Total net sales
$
380,414
$
351,128
YETI HOLDINGS, INC.
Supplemental Financial Information
Reconciliation of GAAP to Non-GAAP Financial Information
(Unaudited) (In thousands)
Three Months Ended
April 4,
2026
March 29,
2025
Gross profit
$
210,211
$
201,722
Transition costs(1)
—
(395
)
Adjusted gross profit
$
210,211
$
201,327
Selling, general, and administrative expenses
$
197,773
$
180,051
Non-cash stock-based compensation expense
(9,401
)
(10,144
)
Long-lived asset impairment
(973
)
—
Organizational realignment costs(2)
(764
)
(994
)
Stockholder matters(3)
(1,700
)
(2,760
)
Executive transition costs(4)
(599
)
—
Technology transformation costs(5)
(758
)
—
Adjusted selling, general, and administrative expenses
$
183,578
$
166,153
Net sales
$
380,414
$
351,128
Gross margin
55.3
%
57.4
%
Adjusted gross margin
55.3
%
57.3
%
SG&A expenses as a % of net sales
52.0
%
51.3
%
Adjusted SG&A expenses as a % of net sales
48.3
%
47.3
%
(1)
Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC. (2)
Represents employee severance costs in connection with strategic organizational realignments. (3)
Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025 and its subsequent expiration in 2026. (4)
Represents severance costs related to the departure of our former Chief Financial Officer. (5)
Represents third-party consulting fees related to certain initiatives to optimize and enhance our technology infrastructure. These expenses represent non-recurring incremental costs above the normal ongoing level of spending on technology to support operations. YETI HOLDINGS, INC.
Supplemental Financial Information
Reconciliation of GAAP to Non-GAAP Financial Information
(Unaudited) (In thousands, except per share amounts)
Three Months Ended
April 4,
2026
March 29,
2025
Operating income
$
12,438
$
21,671
Adjustments:
Non-cash stock-based compensation expense(1)
9,401
10,144
Long-lived asset impairment(1)
973
—
Organizational realignment costs(1)(2)
764
994
Transition costs(3)
—
(395
)
Shareholder matters(1)(4)
1,700
2,760
Executive transition costs(1)(5)
599
—
Technology transformation costs(1)(6)
758
—
Adjusted operating income
$
26,633
$
35,174
Net income
$
9,851
$
16,609
Adjustments:
Non-cash stock-based compensation expense(1)
9,401
10,144
Long-lived asset impairment(1)
973
—
Organizational realignment costs(1)(2)
764
994
Transition costs(3)
—
(395
)
Shareholder matters(1)(4)
1,700
2,760
Executive transition costs(1)(5)
599
—
Technology transformation costs(1)(6)
758
—
Other income, net(7)
(979
)
(1,376
)
Tax impact of adjusting items(8)
(3,238
)
(2,971
)
Adjusted net income
$
19,829
$
25,765
Net sales
$
380,414
$
351,128
Operating income as a % of net sales
3.3
%
6.2
%
Adjusted operating income as a % of net sales
7.0
%
10.0
%
Net income as a % of net sales
2.6
%
4.7
%
Adjusted net income as a % of net sales
5.2
%
7.3
%
Net income per diluted share
$
0.13
$
0.20
Adjusted net income per diluted share
$
0.26
$
0.31
Weighted average shares outstanding used to compute adjusted net income per diluted share
76,747
83,543
(1)
These costs are reported in SG&A expenses. (2)
Represents employee severance costs in connection with strategic organizational realignments. (3)
Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC. (4)
Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025 and its subsequent expiration in 2026. (5)
Represents severance costs related to the departure of our former Chief Financial Officer. (6)
Represents third-party consulting fees related to certain initiatives to optimize and enhance our technology infrastructure. These expenses represent non-recurring incremental costs above the normal ongoing level of spending on technology to support operations. (7)
Other (income) expense, net substantially consists of realized and unrealized foreign currency gains and losses on intercompany balances that arise in the ordinary course of business. (8)
Represents the tax impact of adjustments calculated at an expected statutory tax rate of 24.5% for each of the three months ended April 4, 2026 and March 29, 2025. YETI HOLDINGS, INC.
Supplemental Financial Information
Reconciliation of GAAP to Non-GAAP Financial Measures
Yeti (YETI - Free Report) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +50.03%. A quarter ago, it was expected that this maker of outdoor and recreational products would post earnings of $0.88 per share when it actually produced earnings of $0.92, delivering a surprise of +4.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Yeti, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $380.41 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.62%. This compares to year-ago revenues of $351.13 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Yeti shares have lost about 13.2% since the beginning of the year versus the S&P 500's gain of 8.8%.
What's Next for Yeti?While Yeti has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Yeti was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $479.2 million in revenues for the coming quarter and $2.80 on $1.99 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Products is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Academy Sports and Outdoors, Inc. (ASO - Free Report) , is yet to report results for the quarter ended April 2026.
This company is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +27.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Academy Sports and Outdoors, Inc.'s revenues are expected to be $1.44 billion, up 6.3% from the year-ago quarter.
Yeti (YETI - Free Report) reported $380.41 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 8.3%. EPS of $0.26 for the same period compares to $0.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $374.36 million, representing a surprise of +1.62%. The company delivered an EPS surprise of +50.03%, with the consensus EPS estimate being $0.17.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Yeti performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenues- International: $87.33 million compared to the $93.17 million average estimate based on three analysts. The reported number represents a change of +9.4% year over year.Geographic Revenues- United States: $293.09 million compared to the $280.06 million average estimate based on three analysts. The reported number represents a change of +8% year over year.Net Sales by Channel- Direct-to-consumer: $196.82 million versus the five-analyst average estimate of $206.8 million. The reported number represents a year-over-year change of +0.3%.Net Sales by Channel- Wholesale: $183.6 million compared to the $165.82 million average estimate based on five analysts. The reported number represents a change of +18.5% year over year.Net Sales by Category- Other: $7.41 million compared to the $5.14 million average estimate based on five analysts. The reported number represents a change of +39.5% year over year.Net Sales by Category- Drinkware: $216.91 million versus the five-analyst average estimate of $215.14 million. The reported number represents a year-over-year change of +5.5%.Net Sales by Category- Coolers & Equipment: $156.1 million versus $154.48 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.View all Key Company Metrics for Yeti here>>>
Shares of Yeti have returned -0.7% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Shares of YETI Holdings Inc. NYSE: YETI jumped Thursday after the company delivered a first-quarter earnings beat and raised its full-year outlook, giving investors renewed confidence after a rocky few months for the stock.
The outdoor and lifestyle products company has had a strong run over the last year, with shares climbing over 25%. However, after hitting a 52-week high in January, the stock pulled back sharply. Over the last three months, shares are down 15%. Following the latest earnings report, though, sentiment appears to be shifting again.
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Strong Demand Drives Earnings BeatYETI saw broad-based growth across categories and channels during the first quarter. Adjusted earnings per share of 26 cents declined 16% from 31 cents per share in the year-ago quarter but topped analyst expectations by 9 cents. Revenue of roughly $380 million rose more than 8% year over year and beat expectations by around $6 million.
YETI Today
$50.91 +0.23 (+0.45%)
As of 02:38 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$29.12▼
$51.49P/E Ratio25.99
Price Target$50.42
During the company's earnings call, Chief Executive Officer Matt Reintjes highlighted improving demand trends and execution during the quarter. "Demand is more diversified, our platforms are scaling more efficiently. Our operating system continues to execute with discipline in a dynamic and often unpredictable environment," he said.
Demand was particularly strong in U.S. consumer sell-through across both Coolers & Equipment and Drinkware. Coolers & Equipment posted double-digit sales growth, while Drinkware delivered mid-single-digit growth. Global wholesale sales were also strong, with the channel growing 19%. Corporate sales were softer due to order timing and a slower global corporate environment.
YETI Raises Full-Year OutlookThe company boosted its outlook for the year, citing strong first-quarter results and improving visibility into the remainder of 2026. "We've entered the second quarter with global demand trends showing strength, continuing momentum from the last two quarters," Reintjes said.
YETI said it now expects fiscal 2026 net sales growth forecast of more than 7% to 8% year over year, up from its previous outlook of more than 6% to 8%. The company also increased its adjusted operating margin forecast to 14.6%, up from 14.4%, and raised its adjusted diluted earnings per share (EPS) guidance to $2.83 to $2.89. That represents projected year-over-year growth of 14% to 17%. Previously, the company had forecast adjusted EPS of $2.77 to $2.83, representing growth of more than 12% to 14%.
Looking ahead, international markets remain a major long-term growth opportunity for the company, Reintjes said, adding that even though international sales are expected to account for more than 23% of full-year sales in 2026, "we are still early in unlocking it."
While demand trends remain strong, the company said it continues to navigate headwinds from tariffs and energy costs, which are expected to pressure margins during the first half of the year. However, strategies including pricing actions and product mix are helping offset some of the impact, and YETI expects margins to improve in the second half.
Can YETI Stock Regain Momentum?Shares of YETI had trended steadily higher through much of the last 12 months as the company delivered multiple quarters of earnings beats. Shares, which were trading below $30 in May 2025, climbed to a 52-week intraday high above $51 by mid-January.
After reaching that peak, however, the stock began to pull back. The trend accelerated following the company's fourth-quarter earnings report on Feb. 19, which sent shares down roughly 5%. Although YETI delivered better-than-expected earnings and revenue, investors seemed spooked by the company's outlook and the potential impact of tariffs.
Ahead of the Q1 earnings report, shares had fallen back into the $38 range. However, sentiment shifted following the latest earnings release, as shares surged about 6% afterwards.
Analysts Remain Largely BullishAnalyst actions over the last few months have been mixed, though overall sentiment remains fairly positive. YETI currently carries a Moderate Buy consensus rating based on nine Buy ratings and seven Hold ratings.
Current Price$50.87High Forecast$60.00Average Forecast$50.42Low Forecast$40.00YETI Stock Forecast Details
The 12-month consensus price target is $48.50, implying almost 20% upside from current levels, with analyst price targets ranging from $37 to $60.
Some investors may also see an opportunity in the stock's valuation following the recent pullback. YETI is currently trading at a price-to-earnings (P/E) ratio of around 20X, while the leisure and recreational products industry trades at an average P/E of around 36X. YETI can be tough to compare directly with other public companies, as there are few public-market peers with a similar product mix.
While concerns around tariffs and global energy prices remain, the company's latest earnings report suggested demand trends are still holding up, while long-term opportunities, particularly internationally, appear strong. If YETI can continue delivering steady growth while improving margins in the second half of the year, some investors may see the recent sell-off as overdone.
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YETI Holdings, Inc. is upgraded to a Buy after strong Q1 sales and a resilient U.S. recovery, despite the stock being down ~10% YTD. YETI's mid-50s gross margins and growing direct-to-consumer mix support profitability and scale, distinguishing it from many retail peers. International sales are accelerating, outpacing U.S. growth but still offering significant runway, currently comprising a low-20s percentage of total sales.
Yeti Holdings stock surged after the outdoor gear maker topped earnings estimates and raised its 2026 profit outlook as tariff pressures begin to ease.
MarketBeat Week in Review – 05/11 - 05/15YETI NYSE: YETI reported first-quarter fiscal 2026 sales growth of 8.3% and raised parts of its full-year outlook, as management pointed to stronger wholesale demand, improving Drinkware trends and continued momentum in Coolers & Equipment.
President and CEO Matt Reintjes said the quarter reinforced “the earnings power of the model,” citing more diversified demand, efficient scaling across product platforms and disciplined execution in a dynamic environment. He added that YETI entered the second quarter with global demand trends showing strength, continuing momentum from the prior two quarters.
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YETI Rallies After Earnings Beat and Raised OutlookChief Financial Officer Scott Bomar, who joined the company earlier this year, said first-quarter sales totaled $380.4 million, up 8.3% from a year earlier. He said growth was broad-based across categories and channels and landed at the top end of the company’s initial full-year sales growth outlook range of 6% to 8%.
Wholesale Strength Offsets Corporate Sales Softness YETI’s wholesale channel was a key driver in the quarter. Bomar said wholesale sales increased 19% to $184 million, marking the company’s best quarterly wholesale performance in more than three years. He said sell-in trends were better aligned with sell-through trends, which remained strong, and channel inventory was healthy.
Fresh Air, Fresh Highs: 3 Premium Outdoor Brands with 2026 TailwindsReintjes said the wholesale performance validated the strength of the brand and the relevance of YETI’s product pipeline. He noted that U.S. wholesale sell-through grew at a double-digit rate and that inventory positions remained balanced across major categories.
Direct-to-consumer sales were flat at $197 million. Bomar said demand was strong across YETI’s own e-commerce business, Amazon Marketplace and retail stores, with those areas growing in line with overall company sales. However, the corporate sales channel declined year over year due to caution from corporate buyers, tough comparisons to last year’s strong results and order timing.
In response to an analyst question, Bomar said corporate sales represent approximately 25% of YETI’s DTC business. Reintjes said the company still sees “untapped potential” in corporate sales but will remain disciplined, noting that larger corporate orders can be lumpy and that YETI will not chase volume at the expense of brand integrity or pricing discipline.
Drinkware Returns to Growth, Coolers & Equipment Rises Double Digits By category, Drinkware sales grew 5% to $217 million, marking a second consecutive quarter of mid-single-digit growth and a return to growth in the U.S. Drinkware business. Reintjes said the category’s performance was not driven by a single product, but by broader platform strength, including refreshed core products, extensions and innovation such as stackable cups, chug bottles, ceramic mugs and the Yonder Shaker Bottle.
Bomar said Drinkware results reflected the durability of the category and YETI’s ability to drive sustained growth through innovation and audience expansion. During the question-and-answer session, Reintjes said the large-format straw trend had “largely” settled out for YETI and emphasized the company’s strategy of broadening Drinkware across different use cases, including sports hydration.
Coolers & Equipment sales rose 11% to $156 million. Management said growth was driven by Soft Coolers, bags, Hard Coolers, cases and storage products. Reintjes highlighted the Daytrip and Camino lines as standout performers and said demand in some Soft Cooler and bag programs exceeded supply through 2025 and into the first quarter of 2026. Additional capacity expected in the back half of the year should allow the company to better meet demand, he said.
Reintjes also said the bags business remains a significant opportunity beyond 2026, pointing to momentum in Camino, Daytrip Soft Coolers and Skala backpacks.
International Growth Continues, Though Q1 Was Affected by Timing U.S. sales increased 8% to $293 million, supported by growth in both Coolers & Equipment and Drinkware. International sales grew 9% to $87 million, including a foreign exchange benefit of approximately 800 basis points.
Bomar said underlying international consumer demand remained strong, but first-quarter growth was affected by a decline in corporate sales. He reiterated that international growth can fluctuate from quarter to quarter, particularly because the first quarter is seasonally the company’s smallest period.
For the full year, YETI continues to expect international sales growth in the high teens to 20% range. Reintjes said Europe continues to show strong demand as the company expands doors and brand awareness, Japan is in a ramp phase, Southeast Asia continues its rollout and China and Korea remain targeted for the second half of the year. He cautioned that China and Korea are not expected to be material drivers in 2026, but are part of the long-term growth pipeline.
Margins Pressured by Tariffs, but Outlook Improves Adjusted gross profit was $210 million, or 55.3% of sales, down 200 basis points from the prior year. Bomar said the decline included a 280-basis-point headwind from higher tariff costs, as well as an unfavorable impact from a lower DTC mix. These pressures were partially offset by lower product costs and favorable foreign currency effects.
Adjusted selling, general and administrative expenses rose 10% to $184 million, or 48.3% of sales. Bomar said the increase reflected investments in facilities, including two new stores, sales and product development headcount to support international expansion and technology for digital businesses.
Adjusted operating income fell 24% to $26.6 million, or 7% of sales. Adjusted net income decreased 23% to $19.8 million, and adjusted earnings per share declined to $0.26 from $0.31. Bomar said the results included an incremental unfavorable net tariff impact of approximately $0.09 per share.
YETI ended the quarter with $127.8 million in cash, down from $259 million a year earlier, primarily due to elevated share repurchases in 2025. Inventory decreased 4% to $318 million, and total debt, excluding finance leases and unamortized deferred financing fees, was approximately $73 million.
YETI Raises Low End of Sales Guidance and EPS Outlook YETI raised the low end of its full-year sales growth outlook and now expects fiscal 2026 sales growth of 7% to 8%, compared with prior guidance of 6% to 8%. Bomar said the company expects growth to remain relatively consistent through the rest of the year.
The company also raised the lower end of its gross margin outlook, now expecting full-year gross margin of 56.5% to 57%, compared with previous guidance of 56% to 57%. Bomar said the improvement reflects lower realized tariff rates, partially offset by higher commodity and inbound transportation costs.
YETI now expects adjusted operating income margin of approximately 14.6%, up 20 basis points from 2025 and above its prior guidance. Adjusted operating income is expected to grow 8% to 10%, compared with prior guidance of 6% to 8%.
Adjusted earnings per diluted share are now expected to be $2.83 to $2.89, representing growth of 14% to 17%. The prior outlook called for $2.77 to $2.83, or growth of 12% to 14%. The company continues to expect capital expenditures of $60 million to $70 million and free cash flow of $200 million to $225 million in 2026.
Bomar also said YETI’s board increased the company’s share repurchase authorization by approximately $350 million, bringing the remaining authorization to $500 million. The company’s outlook assumes approximately $100 million in share repurchases during 2026.
Reintjes said YETI remains focused on building long-term value through brand strength, scalable product platforms, international expansion, omnichannel diversification and operational discipline. He said the company expects to discuss its long-term growth algorithm, margin framework, innovation roadmap and capital allocation priorities in more detail at an investor day targeted for September.
About YETI NYSE: YETIYETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company's portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI's products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.
Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.
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HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO), the Canadian digital infrastructure group listed in Toronto and New York, has unveiled plans to build one of Canada's largest artificial intelligence data centres in the Greater Toronto Area through its subsidiary Buzz High Performance Computing.
The facility, which the company describes as an "AI gigafactory", would have approximately 320 megawatts of power capacity and house more than 100,000 graphics processing units (GPUs), the specialised chips used to train and run AI models.
Buzz HPC has acquired a 25-acre site comprising two adjacent parcels for a combined $58 million and says it has secured key milestones along the power pathway needed to bring the project online.
The target date for the facility to begin operating is the second half of 2027, with a total capital investment of approximately 3.5 billion Canadian dollars.
The company said the project would create more than 800 construction jobs and hundreds of permanent skilled positions once operational.
Hive framed the investment in terms of national sovereignty, arguing that Canada needs domestically controlled computing infrastructure to avoid relying on data centres abroad for sensitive workloads.
Executive chairman Frank Holmes said the facility would allow AI applications, including financial platforms, healthcare and scientific research to "run on Canadian iron, under Canadian control".
The site sits in what Hive calls the Toronto-Waterloo innovation corridor, a stretch that includes the University of Toronto, where AI pioneer Geoffrey Hinton conducted foundational research, and the University of Waterloo's engineering programmes.
Chief executive Aydin Kilic said the announcement takes Hive's total global power capacity to more than 850 megawatts, comprising 450 megawatts of operating data centres and a pipeline of 400 megawatts expected to come online next year.
In Canada specifically, the company now has 100 megawatts of operating capacity alongside the 320-megawatt Toronto project and a 70-megawatt site at Grand Falls in New Brunswick, giving it land and power to support approximately 130,000 GPUs.
The facility is designed to run on Ontario's electricity grid, which draws heavily on nuclear, hydroelectric and renewable generation, and will use closed-loop cooling systems that avoid water consumption.
Hive was founded in 2017 as one of the first publicly listed cryptocurrency mining companies and has since expanded into AI computing and high-performance data centre services across Canada, Sweden and Paraguay.
YETI (NYSE:YETI) lifted its full-year guidance and topped first-quarter expectations, offering investors a more confident growth trajectory just as concerns over consumer spending and tariff headwinds had weighed on the stock.
The outdoor lifestyle brand now expects fiscal 2026 net sales growth of 7% to 8%, tightened from a prior range of 6% to 8%, and raised its adjusted EPS outlook to $2.83-$2.89 from $2.77-$2.83.
Adjusted operating margin guidance moved to 14.6% from 14.4%, with the company noting the figure does not yet incorporate any potential favorable impact from IEEPA tariff refunds, leaving room for further upside. Additional targets include free cash flow of $200 million to $225 million, capital expenditures of $60 million to $70 million.
The raised outlook arrived at a moment when investors had broadly expected the opposite. Ongoing geopolitical tensions had pressured discretionary spending and cast doubt on the achievability of the company's top-line targets, while uncertainty around commodity costs and the tariff environment had clouded the margin picture. YETI's shares had fallen approximately 13% year to date heading into the print.
The guidance lift was underpinned by a strong quarterly performance. YETI reported first-quarter EPS of $0.26, well above UBS and Street forecasts of $0.16 and $0.18, respectively. Total revenue rose 8.3%, outpacing UBS's 6.1% estimate and the Street's 6% projection.
Wholesale surged 18.5% well above expectations, Coolers and Equipment and Drinkware also beat forecasts, while direct-to-consumer revenue came in at just 0.3% growth, hampered by a decline in global corporate sales.
Adjusted gross margin came in at 55.3%, contracting 208 basis points year over year but beating UBS and Street estimates of 54.3% and 53.8%. Operating margin of 7% similarly exceeded expectations of 4.5% and 5%.
With the stronger print and raised outlook now in hand, UBS said it would not be surprised to see shares trade higher, noting an indicated gain of approximately 10% at the time of the note. The firm said the key question from here is whether top-line momentum can hold as consumer pressures continue to build.
YETI (NYSE:YETI) lifted its full-year guidance and topped first-quarter expectations, offering investors a more confident growth trajectory just as concerns over consumer spending and tariff headwinds had weighed on the stock.
The outdoor lifestyle brand now expects fiscal 2026 net sales growth of 7% to 8%, tightened from a prior range of 6% to 8%, and raised its adjusted EPS outlook to $2.83-$2.89 from $2.77-$2.83.
Adjusted operating margin guidance moved to 14.6% from 14.4%, with the company noting the figure does not yet incorporate any potential favorable impact from IEEPA tariff refunds, leaving room for further upside. Additional targets include free cash flow of $200 million to $225 million, capital expenditures of $60 million to $70 million.
The raised outlook arrived at a moment when investors had broadly expected the opposite. Ongoing geopolitical tensions had pressured discretionary spending and cast doubt on the achievability of the company's top-line targets, while uncertainty around commodity costs and the tariff environment had clouded the margin picture. YETI's shares had fallen approximately 13% year to date heading into the print.
The guidance lift was underpinned by a strong quarterly performance. YETI reported first-quarter EPS of $0.26, well above UBS and Street forecasts of $0.16 and $0.18, respectively. Total revenue rose 8.3%, outpacing UBS's 6.1% estimate and the Street's 6% projection.
Wholesale surged 18.5% well above expectations, Coolers and Equipment and Drinkware also beat forecasts, while direct-to-consumer revenue came in at just 0.3% growth, hampered by a decline in global corporate sales.
Adjusted gross margin came in at 55.3%, contracting 208 basis points year over year but beating UBS and Street estimates of 54.3% and 53.8%. Operating margin of 7% similarly exceeded expectations of 4.5% and 5%.
With the stronger print and raised outlook now in hand, UBS said it would not be surprised to see shares trade higher, noting an indicated gain of approximately 10% at the time of the note. The firm said the key question from here is whether top-line momentum can hold as consumer pressures continue to build.
YETI Holdings, Inc. has outperformed the market, delivering 19% alpha since prior coverage and continues to present a strong fundamental case. YETI beat Q1 2026 earnings expectations, raised sales guidance to 7-8% growth, and maintains robust free cash flow and aggressive share repurchases. Despite macroeconomic headwinds and tariff impacts, YETI trades near fair value ($40.57–$47.87/share) with double-digit returns on capital and strong margins.
May 28, 2026 08:00 ET | Source: YETI Holdings, Inc.
AUSTIN, Texas, May 28, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that management will be attending the following investor conferences:
Baird Global Consumer, Technology & Services Conference
June 3-4, 2026
New York, NY
Fireside Chat: June 4 at 8:30 a.m. Eastern Daylight Time
Jefferies Consumer Conference
June 16, 2026
Nantucket, MA
A live webcast of the Baird fireside chat presentation will also be available in the investor relations section of YETI’s website, www.investors.yeti.com.
About YETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.
