YETI Reports Third Quarter 2026 Results

(NYSE:YETI) YETI Holdings, Inc. announced its financial results for the third quarter ended October 3, 2026. Sales increased 4% to $509.4 million, with adjusted sales up 6% to $517.9 million, led by 8% growth in Drinkware and 19% growth in international sales. Gross profit increased 8% to $293.8 million, and gross margin rose 180 basis points to 57.7%, with adjusted gross profit up 12% to $305.5 million and adjusted gross margin up 310 basis points to 59.0%. Operating income increased 12% to $61.0 million, or 12.0% of sales, while adjusted operating income rose 35% to $90.0 million, or 17.4% of adjusted sales. Net income increased 13% to $44.4 million, or 8.7% of sales, and net income per diluted share increased 25% to $0.60. Adjusted net income increased 35% to $67.2 million, or 13.0% of adjusted sales, and adjusted net income per diluted share increased 49% to $0.91. Wholesale channel sales increased 19% to $237.3 million, while direct-to-consumer channel sales decreased 6% to $272.2 million; DTC adjusted sales decreased 3% to $280.7 million. Drinkware sales increased 8% to $284.0 million, and Coolers & Equipment sales were flat at $215.6 million, with adjusted Coolers & Equipment sales up 4% to $224.1 million. International sales increased 19% to $119.1 million, and US sales increased 1% to $390.3 million, with US adjusted sales up 3% to $398.8 million. SG&A expenses increased 7% to $232.8 million, or 45.7% of sales, while adjusted SG&A expenses increased 5% to $215.5 million, or 41.6% of adjusted sales. Inventory increased 22% to $394.2 million. YETI repurchased approximately 0.5 million shares for $20.0 million in Q3 2026, bringing total 2026 repurchases to approximately $150 million, with $350 million remaining under the $500 million share repurchase authorization as of October 3, 2026. The company maintained strong liquidity with cash exceeding total debt (excluding finance leases and unamortized deferred financing fees) and an undrawn $300 million revolving credit facility. For fiscal 2026, YETI updated its outlook to adjusted sales growth of approximately 6% (previously 7% to 8%), adjusted operating income margin of approximately 14.9% (unchanged), and adjusted EPS of $2.90 to $2.95 (16% to 18% growth, previously $2.94 to $3.00). The company expects an effective tax rate of approximately 24%, diluted weighted average shares outstanding of approximately 75.1 million (previously 75.4 million), capital expenditures of approximately $60 million to $70 million, and free cash flow of approximately $200 million to $225 million. Matt Reintjes, Chair of the Board, President, and Chief Executive Officer, highlighted the company's global growth, margin expansion, and continued investments in brand, innovation, and global capabilities. YETI opened its first brand stores in Japan and Korea and launched its initial marketplace in China in recent weeks. The company continues to focus on product innovation, supply chain, customization, digital, and go-to-market execution. A conference call to discuss the results was scheduled for November 12, 2026, at 8:00 a.m. Eastern Time.

YETI Holdings, Inc. Announces Investor Day on September 17, 2026

(NYSE: YETI) YETI Holdings, Inc. announced that it will host an investor day on Thursday, September 17, 2026, in Austin, Texas. The event will begin at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Presentations from YETI’s leadership team will include a discussion of its long-term strategic plan. Interested attendees are instructed to email investor.relations@yeti.com by August 14 th, with capacity being limited. A live webcast will be available in the investor relations section of YETI’s website, investors.yeti.com. A replay of the event and presentation materials will be available on the website following the event. YETI Holdings, Inc. is described as a global designer, retailer, and distributor of innovative outdoor products.

YETI Holdings, Inc. Announces Participation in Upcoming Investor Conferences

YETI Holdings, Inc. (NYSE: YETI) announced that its management will be attending two upcoming investor conferences: the Baird Global Consumer, Technology & Services Conference on June 3-4, 2026, in New York, NY, and the Jefferies Consumer Conference on June 16, 2026, in Nantucket, MA. A fireside chat at the Baird conference is scheduled for June 4 at 8:30 a.m. Eastern Daylight Time, with a live webcast available on YETI’s investor relations website. YETI describes itself as a global designer, retailer, and distributor of innovative outdoor products, including coolers, drinkware, bags, and apparel. The company emphasizes its commitment to delivering high-performing, exceptional products and building a strong following of brand loyalists worldwide. YETI highlights its dedication to outdoor and recreation communities and its pursuit of superior product quality and design. Investors are directed to the company’s website for more information. The announcement provides details on upcoming events and reiterates YETI’s brand positioning and values.