YETI Reports Second Quarter 2026 Results
Rhea-AI Summary
YETI (NYSE: YETI) reported second quarter 2026 sales of $483.9 million, up 9%, driven by 16% growth in Coolers & Equipment and 19% international growth. Wholesale sales rose 10% to $218.0 million, while direct-to-consumer sales increased 7% to $265.9 million, supported by Amazon Marketplace, YETI websites, and retail stores.
Gross profit grew 25% to $322.5 million, with gross margin expanding 890 basis points to 66.7%, including a significant IEEPA tariff refund benefit. Adjusted gross margin increased 170 basis points to 59.5%. EPS rose 54% to $0.94, including an approximately $0.40 net tariff benefit, while adjusted EPS increased 2% to $0.67.
YETI repurchased 2.8 million shares for $130 million and ended the quarter with $59.8 million in cash, $101.7 million of debt, and $270 million of available revolver capacity. For 2026, the company maintained 7%–8% sales growth guidance, raised its adjusted operating margin outlook to 14.9%, and lifted adjusted EPS guidance to $2.94–$3.00, implying 19%–21% growth.
Positive
- Net sales +9% to $483.9 million in Q2 2026
- Coolers & Equipment sales +16% to $232.4 million; international sales +19% to $92.9 million
- Gross margin +890 bps to 66.7%, aided by $42.6 million IEEPA tariff refunds
- EPS +54% to $0.94; adjusted EPS up 2% to $0.67
- Share repurchases of $130 million for 2.8 million shares; $370 million authorization remaining
- Raised 2026 adjusted EPS guidance to $2.94–$3.00 (19%–21% growth) and adjusted operating margin to 14.9%
- Strong liquidity with $59.8 million cash, $270 million revolver capacity, and projected 2026 free cash flow of $200–$225 million
Negative
- Adjusted operating income -7% to $68.2 million, with margin at 14.1% of sales
- Adjusted net income -8% to $50.7 million, or 10.5% of sales
- SG&A expenses +17% to $229.0 million; SG&A rate up 340 bps to 47.3% of sales
- Adjusted SG&A +19% to $219.9 million; adjusted SG&A rate up 410 bps to 45.4%
- Higher year-over-year tariffs reduced gross margin by 110 bps and are assumed to return to ~20% in 2H 2026
News Explained
The repurchase is complete, but reported earnings include a tariff-refund benefit and adjusted-EPS guidance depends on assumed lower tariff rates.
The completed second-quarter report shows that YETI executed its
Reported
The updated adjusted-EPS outlook assumes U.S. tariff rates return to approximately
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 23 | Earnings reporting notice | Neutral | -3.2% | Announced the scheduled date for second-quarter financial results |
| May 14 | 1Q26 earnings results | Positive | +6.2% | Reported quarterly results and raised full-year financial outlook |
| Apr 23 | Earnings reporting notice | Neutral | -1.8% | Announced the scheduled date for first-quarter financial results |
| Feb 19 | 4Q25 earnings results | Negative | -4.8% | Reported tariff pressure and lower adjusted earnings for the quarter |
| Jan 29 | Earnings reporting notice | Neutral | -1.6% | Announced the scheduled date for fourth-quarter financial results |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history averaged -1.05%, with reactions ranging from -4.79% to +6.16% and no consistent direction.
Key Terms
ieepa regulatory
non-gaap financial
sg&a financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Net Sales Increase
Raises Full Year 2026 EPS Outlook
Returns
Announces Investor Day on September 17, 2026 in Austin, Texas
AUSTIN, Texas, Aug. 13, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the second quarter ended July 4, 2026.
Second Quarter 2026 Highlights
- Sales increased
9% , led by16% growth in Coolers & Equipment and19% international growth, reflecting strong consumer demand across categories, regions, and channels - Gross margin increased 890 basis points, including 110 basis points of favorable operational drivers and 780 basis points net tariff benefit
- Adjusted gross margin increased 170 basis points, including 110 basis points of favorable operational drivers and 60 basis points net tariff benefit
- EPS increased
54% to$0.94 and Adjusted EPS increased2% to$0.67 - Repurchased 2.8 million shares for
$130 million - YETI will host an Investor Day on September 17, 2026, in Austin, Texas, where management will provide an update on the business and discuss its long-term strategic plan
Update on 2026 Outlook
- Maintains 2026 sales growth of
7% to8% - Increases 2026 adjusted operating income margin to
14.9% , up from14.6% previously - Raises 2026 adjusted EPS to
$2.94 t o$3.00 , reflecting19% to21% growth, up from$2.83 t o$2.89 or14% to17% growth previously
Matt Reintjes, Chair of the Board and Chief Executive Officer, commented, “YETI delivered a strong second quarter, with
Mr. Reintjes continued, “What stood out in the quarter was the strength of brand momentum and innovation across our product platforms. Our FOUR Letters brand campaign deepened awareness and expanded the brand’s reach to new audiences, while our community activations reinforced our localized approach to building consumer engagement and trust. In an uneven consumer environment, demand across our product platforms remained strong, driven by the durability, design, and performance that differentiate YETI. We also saw continued progress across our omni-channel model, including strong wholesale sell-through, healthy DTC demand and improving trends in Corporate Sales. As expected, International reaccelerated in the quarter, as we continue unlocking a compelling long-term growth opportunity, with Europe, Asia, Australia and New Zealand validating that our brand can travel and our product platforms can translate across markets.”
Second Quarter 2026 Results
Sales increased
Sales by Channel
- Wholesale channel sales increased
10% to$218.0 million , driven by strong growth across the US and our international regions, reflecting healthy consumer demand. - Direct-to-consumer (“DTC”) channel sales increased
7% to$265.9 million , primarily due to robust performance in our Amazon Marketplace business as well as growth in YETI websites and YETI retail stores.
Sales by Category
- Coolers & Equipment sales increased
16% to$232.4 million , primarily driven by strong performance in bags, soft coolers, cases & storage, and outdoor living, reflecting continued strength across core and expanded categories. - Drinkware sales increased
2% to$241.4 million , primarily driven by international growth and supported by continued innovation in our Drinkware product portfolio.
Sales by Region
- US sales increased
6% to$391.0 million , primarily driven by growth in Coolers & Equipment, reflecting strong consumer demand trends. Demand was robust in the wholesale channel as well as Amazon Marketplace and YETI retail. - International sales increased
19% to$92.9 million , reflecting strong growth in Europe and Australia, as well as growth in Canada and Japan. Performance was driven by strong growth across our key channels, reflecting increased brand awareness across key markets.
Gross profit increased
Adjusted gross profit increased
Selling, general, and administrative (“SG&A”) expenses increased
Adjusted SG&A expenses increased
Operating income increased
Adjusted operating income decreased
Net income increased
Adjusted net income decreased
Balance Sheet and Liquidity Review
We continued to maintain a strong liquidity position with cash of
Inventory increased
Capital Allocation Update
We continue to expect strong free cash flow generation and remain committed to investing in our business to drive sustainable growth and enhance long-term stockholder value, including through share repurchases.
Pursuant to our existing
IEEPA Tariff Refunds Update
During the second quarter of 2026, we concluded that recovery of tariffs under the International Emergency Economic Powers Act (“IEEPA”) was probable. The total net benefit of the IEEPA tariff refund was
Updated Fiscal 2026 Outlook
Mr. Reintjes concluded, “As we look ahead, we remain focused on the strategic priorities driving YETI’s long-term opportunity: strengthening the brand, expanding core categories and proven adjacencies, scaling internationally, and building the operating capabilities behind the business. We are investing in innovation, supply chain flexibility, digital capabilities, customization, and market-by-market execution — all with the goal of delivering durable growth and sustained value creation. The second quarter reinforced our confidence in the trajectory ahead. YETI is a stronger, broader, and more global company, and 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.”
YETI has updated its Fiscal 2026 Outlook. This improvement reflects strong year-to-date sales results, strength in gross margins, as well as the timing of share repurchases, partially offset by continued growth investments and incremental inflationary pressures on our operations. The non-GAAP metrics of this outlook exclude the net benefit from IEEPA tariff refunds associated with tariffs expensed in 2025. This outlook assumes that US tariff rates will return to approximately
| Updated 2026 Outlook | Previous 2026 Outlook | |||||
| Sales growth | Up | Up | ||||
| Adjusted operating income* | Up | Up | ||||
| Adjusted operating income as a percentage of sales* | 14.9% | |||||
| Effective tax rate (GAAP) | 24% | |||||
| Adjusted EPS* | Up | Up | ||||
| Diluted weighted average shares outstanding* | 75.4 million | 76.6 million | ||||
| Capital expenditures | ||||||
| Free cash flow | ||||||
* Updated from outlook provided in previous quarter.
YETI Investor Day 2026
YETI 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). The Investor Day will include presentations from YETI’s leadership team, including a discussion of our long-term strategic plan.
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.
Conference Call Details
A conference call to discuss the second quarter of 2026 financial results is scheduled for today, August 13, 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 investors.yeti.com. A replay will be available through August 27, 2026 by dialing 844-512-2921 (international callers, 412-317-6671). The accompanying access code for this call is 11144477.
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 inflationary pressures, anticipated tariff refunds, tariff rates, innovation, supply chain, global expansion initiatives, 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.
Investor Relations Contact:
Arvind Bhatia, CFA
Investor.relations@yeti.com
Media Contact:
YETI Holdings, Inc. Media Hotline
Media@yeti.com
| YETI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||
| Net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||||||
| Cost of goods sold | 161,344 | 188,323 | 331,547 | 337,729 | |||||||||||
| Gross profit | 322,524 | 257,569 | 532,735 | 459,291 | |||||||||||
| Selling, general, and administrative expenses | 229,006 | 195,545 | 426,779 | 375,596 | |||||||||||
| Operating income | 93,518 | 62,024 | 105,956 | 83,695 | |||||||||||
| Interest income, net | 1,617 | 295 | 500 | 603 | |||||||||||
| Other (expense) income, net | (889 | ) | 5,773 | 90 | 7,149 | ||||||||||
| Income before income taxes | 94,246 | 68,092 | 106,546 | 91,447 | |||||||||||
| Income tax expense | (22,929 | ) | (16,941 | ) | (25,378 | ) | (23,687 | ) | |||||||
| Net income | $ | 71,317 | $ | 51,151 | $ | 81,168 | $ | 67,760 | |||||||
| Net income per share | |||||||||||||||
| Basic | $ | 0.95 | $ | 0.62 | $ | 1.08 | $ | 0.82 | |||||||
| Diluted | $ | 0.94 | $ | 0.61 | $ | 1.06 | $ | 0.81 | |||||||
| Weighted-average shares outstanding | |||||||||||||||
| Basic | 74,685 | 82,732 | 75,002 | 82,665 | |||||||||||
| Diluted | 75,782 | 83,463 | 76,265 | 83,503 | |||||||||||
| YETI HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) | |||||||||||
| July 4, 2026 | January 3, 2026 | June 28, 2025 | |||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash | $ | 59,823 | $ | 188,342 | $ | 269,673 | |||||
| Accounts receivable, net | 174,782 | 141,424 | 163,595 | ||||||||
| Inventory | 359,120 | 290,611 | 342,131 | ||||||||
| Prepaid expenses and other current assets | 123,301 | 39,949 | 52,771 | ||||||||
| Total current assets | 717,026 | 660,326 | 828,170 | ||||||||
| Property and equipment, net | 150,073 | 142,105 | 138,224 | ||||||||
| Operating lease right-of-use assets | 126,341 | 131,531 | 84,732 | ||||||||
| Goodwill | 72,308 | 72,308 | 72,308 | ||||||||
| Intangible assets, net | 226,070 | 219,791 | 176,165 | ||||||||
| Other assets | 9,901 | 9,357 | 3,445 | ||||||||
| Total assets | $ | 1,301,719 | $ | 1,235,418 | $ | 1,303,044 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Accounts payable | $ | 209,824 | $ | 140,214 | $ | 152,290 | |||||
| Accrued expenses and other current liabilities | 139,540 | 135,353 | 116,803 | ||||||||
| Taxes payable | 23,515 | 15,897 | 18,584 | ||||||||
| Accrued payroll and related costs | 16,876 | 22,659 | 13,900 | ||||||||
| Current operating lease liabilities | 15,491 | 15,044 | 21,054 | ||||||||
| Current maturities of long-term debt | 4,348 | 5,172 | 6,331 | ||||||||
| Total current liabilities | 409,594 | 334,339 | 328,962 | ||||||||
| Long-term debt, net of current portion | 96,443 | 68,301 | 70,143 | ||||||||
| Operating lease liabilities, non-current | 136,752 | 139,945 | 79,455 | ||||||||
| Other liabilities | 49,426 | 42,557 | 21,752 | ||||||||
| Total liabilities | 692,215 | 585,142 | 500,312 | ||||||||
| Stockholders’ Equity | |||||||||||
| Common stock | 907 | 900 | 897 | ||||||||
| Treasury stock, at cost | (733,245 | ) | (602,268 | ) | (324,824 | ) | |||||
| Additional paid-in capital | 480,283 | 471,770 | 445,671 | ||||||||
| Retained earnings | 860,680 | 779,512 | 681,885 | ||||||||
| Accumulated other comprehensive income (loss) | 879 | 362 | (897 | ) | |||||||
| Total stockholders’ equity | 609,504 | 650,276 | 802,732 | ||||||||
| Total liabilities and stockholders’ equity | $ | 1,301,719 | $ | 1,235,418 | $ | 1,303,044 | |||||
| YETI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) | |||||||
| Six Months Ended | |||||||
| July 4, 2026 | June 28, 2025 | ||||||
| Cash Flows from Operating Activities: | |||||||
| Net income | $ | 81,168 | $ | 67,760 | |||
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | |||||||
| Depreciation and amortization | 28,343 | 26,297 | |||||
| Amortization of deferred financing fees | 317 | 321 | |||||
| Stock-based compensation | 18,308 | 21,317 | |||||
| Deferred income taxes | 5,225 | 6,968 | |||||
| Impairment of long-lived assets | 973 | — | |||||
| Product recalls | 3,262 | — | |||||
| Other | 2,651 | (7,292 | ) | ||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (33,383 | ) | (40,769 | ) | |||
| Inventory | (68,008 | ) | (28,864 | ) | |||
| Other current assets | (83,354 | ) | (11,506 | ) | |||
| Accounts payable and accrued expenses | 61,057 | (35,560 | ) | ||||
| Taxes payable | 9,650 | (18,572 | ) | ||||
| Other | 3,592 | 799 | |||||
| Net cash provided by (used in) operating activities | 29,801 | (19,101 | ) | ||||
| Cash Flows from Investing Activities: | |||||||
| Purchases of property and equipment | (25,479 | ) | (19,943 | ) | |||
| Additions of intangibles, net | (14,474 | ) | (11,143 | ) | |||
| Net cash used in investing activities | (39,953 | ) | (31,086 | ) | |||
| Cash Flows from Financing Activities: | |||||||
| Repayments of long-term debt | (2,109 | ) | (2,109 | ) | |||
| Taxes paid in connection with employee stock transactions | (10,006 | ) | (1,563 | ) | |||
| Proceeds from employee stock transactions | 218 | — | |||||
| Payments of finance lease obligations | (1,268 | ) | (12,150 | ) | |||
| Borrowings under revolving credit facility | 75,000 | — | |||||
| Repayments under revolving credit facility | (45,000 | ) | — | ||||
| Repurchases of common stock | (130,047 | ) | (22,984 | ) | |||
| Excise tax paid on repurchases of common stock | (2,899 | ) | (1,562 | ) | |||
| Net cash used in financing activities | (116,111 | ) | (40,368 | ) | |||
| Effect of exchange rate changes on cash | (2,256 | ) | 1,433 | ||||
| Net decrease in cash | (128,519 | ) | (89,122 | ) | |||
| Cash, beginning of period | 188,342 | 358,795 | |||||
| Cash, end of period | $ | 59,823 | $ | 269,673 | |||
| YETI HOLDINGS, INC. Supplemental Financial Information Disaggregated Net Sales (Unaudited) (In thousands) | |||||||||||
| Three Months Ended | Six Months Ended | ||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||
| Net Sales by Channel | |||||||||||
| Wholesale | $ | 217,995 | $ | 197,296 | $ | 401,590 | $ | 352,208 | |||
| Direct-to-consumer | 265,873 | 248,596 | 462,692 | 444,812 | |||||||
| Total net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||
| Net Sale by Category | |||||||||||
| Coolers & Equipment | $ | 232,404 | $ | 200,572 | $ | 388,505 | $ | 340,789 | |||
| Drinkware | 241,384 | 236,438 | 458,289 | 442,039 | |||||||
| Other | 10,080 | 8,882 | 17,488 | 14,192 | |||||||
| Total net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||
| Net Sales by Geographic Region | |||||||||||
| United States | $ | 390,965 | $ | 367,772 | $ | 684,051 | $ | 639,047 | |||
| International | 92,903 | 78,120 | 180,231 | 157,973 | |||||||
| Total net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||
| YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In thousands) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||
| Gross profit | $ | 322,524 | $ | 257,569 | $ | 532,735 | $ | 459,291 | |||||||
| IEEPA tariff refunds(1) | (34,433 | ) | — | (34,433 | ) | — | |||||||||
| Transition costs(2) | — | — | — | (395 | ) | ||||||||||
| Adjusted gross profit | $ | 288,091 | $ | 257,569 | $ | 498,302 | $ | 458,896 | |||||||
| Selling, general, and administrative expenses | $ | 229,006 | $ | 195,545 | $ | 426,779 | $ | 375,596 | |||||||
| Non-cash stock-based compensation expense | (8,907 | ) | (11,173 | ) | (18,308 | ) | (21,317 | ) | |||||||
| Long-lived asset impairment | — | — | (973 | ) | — | ||||||||||
| Organizational realignment costs(3) | — | — | (764 | ) | (994 | ) | |||||||||
| Stockholder matters(4) | (74 | ) | — | (1,774 | ) | (2,760 | ) | ||||||||
| Executive transition costs(5) | — | — | (599 | ) | — | ||||||||||
| Technology transformation costs(6) | (174 | ) | — | (932 | ) | — | |||||||||
| Adjusted selling, general, and administrative expenses | $ | 219,851 | $ | 184,372 | $ | 403,429 | $ | 350,525 | |||||||
| Net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||||||
| Gross margin | 66.7 | % | 57.8 | % | 61.6 | % | 57.6 | % | |||||||
| Adjusted gross margin | 59.5 | % | 57.8 | % | 57.7 | % | 57.6 | % | |||||||
| SG&A expenses as a % of net sales | 47.3 | % | 43.9 | % | 49.4 | % | 47.1 | % | |||||||
| Adjusted SG&A expenses as a % of net sales | 45.4 | % | 41.3 | % | 46.7 | % | 44.0 | % | |||||||
| (1) | During the second quarter of 2026, we concluded that recovery of tariffs under the International Emergency Economic Powers Act (“IEEPA”) was probable. The total net benefit of the IEEPA tariff refund was |
| (2) | Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC. |
| (3) | Represents employee severance costs in connection with strategic organizational realignments. |
| (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. |
| YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In thousands, except per share amounts) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||
| Operating income | $ | 93,518 | $ | 62,024 | $ | 105,956 | $ | 83,695 | |||||||
| Adjustments: | |||||||||||||||
| Non-cash stock-based compensation expense(1) | 8,907 | 11,173 | 18,308 | 21,317 | |||||||||||
| Long-lived asset impairment(1) | — | — | 973 | — | |||||||||||
| Organizational realignment costs(1)(2) | — | — | 764 | 994 | |||||||||||
| Transition costs(3) | — | — | — | (395 | ) | ||||||||||
| Stockholder matters(1)(4) | 74 | — | 1,774 | 2,760 | |||||||||||
| Executive transition costs(1)(5) | — | — | 599 | — | |||||||||||
| Technology transformation costs(1)(6) | 174 | — | 932 | — | |||||||||||
| IEEPA tariff refunds(7) | (34,433 | ) | — | (34,433 | ) | — | |||||||||
| Adjusted operating income | $ | 68,240 | $ | 73,197 | $ | 94,873 | $ | 108,371 | |||||||
| Net income | $ | 71,317 | $ | 51,151 | $ | 81,168 | $ | 67,760 | |||||||
| Adjustments: | |||||||||||||||
| Non-cash stock-based compensation expense(1) | 8,907 | 11,173 | 18,308 | 21,317 | |||||||||||
| Long-lived asset impairment(1) | — | — | 973 | — | |||||||||||
| Organizational realignment costs(1)(2) | — | — | 764 | 994 | |||||||||||
| Transition costs(3) | — | — | — | (395 | ) | ||||||||||
| Stockholder matters(1)(4) | 74 | — | 1,774 | 2,760 | |||||||||||
| Executive transition costs(1)(5) | — | — | 599 | — | |||||||||||
| Technology transformation costs(1)(6) | 174 | — | 932 | — | |||||||||||
| IEEPA tariff refunds(7) | (37,371 | ) | — | (37,371 | ) | — | |||||||||
| Other income (expense), net(8) | 889 | (5,773 | ) | (90 | ) | (7,149 | ) | ||||||||
| Tax impact of adjusting items(9) | 6,695 | (1,323 | ) | 3,457 | (4,294 | ) | |||||||||
| Adjusted net income | $ | 50,685 | $ | 55,228 | $ | 70,514 | $ | 80,993 | |||||||
| Net sales | $ | 483,868 | $ | 445,892 | $ | 864,282 | $ | 797,020 | |||||||
| Operating income as a % of net sales | 19.3 | % | 13.9 | % | 12.3 | % | 10.5 | % | |||||||
| Adjusted operating income as a % of net sales | 14.1 | % | 16.4 | % | 11.0 | % | 13.6 | % | |||||||
| Net income as a % of net sales | 14.7 | % | 11.5 | % | 9.4 | % | 8.5 | % | |||||||
| Adjusted net income as a % of net sales | 10.5 | % | 12.4 | % | 8.2 | % | 10.2 | % | |||||||
| Net income per diluted share | $ | 0.94 | $ | 0.61 | $ | 1.06 | $ | 0.81 | |||||||
| Adjusted net income per diluted share | $ | 0.67 | $ | 0.66 | $ | 0.92 | $ | 0.97 | |||||||
| Weighted average shares outstanding used to compute adjusted net income per diluted share | 75,782 | 83,463 | 76,265 | 83,503 | |||||||||||
| (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) | During the second quarter of 2026, we concluded that recovery of tariffs under the International Emergency Economic Powers Act (“IEEPA”) was probable. The total net benefit of the IEEPA tariff refund was |
| (8) | 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. |
| (9) | Represents the tax impact of adjustments calculated at an expected statutory tax rate of |
| YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) (In thousands) | |||||||
| Six Months Ended | |||||||
| July 4, 2026 | June 28, 2025 | ||||||
| Net cash provided by (used in) operating activities | $ | 29,801 | $ | (19,101 | ) | ||
| Less: Purchases of property and equipment | (25,479 | ) | (19,943 | ) | |||
| Free cash flow | $ | 4,322 | $ | (39,044 | ) | ||
