Quarterly ResultMay 14, 2026, 06:12 AM
YETI Q1 Net Sales +8.3% to $380.4M; Net Income -40.6% to $9.9M
AI Summary
YETI Holdings, Inc. reported an 8.3% increase in net sales to $380.4 million for the first quarter ended April 4, 2026, driven by strong growth in its wholesale channel and Coolers & Equipment category. However, net income significantly decreased by 40.6% to $9.9 million, with diluted EPS falling to $0.13. The company's Board of Directors also approved a substantial $348.0 million increase to its share repurchase program, bringing the total available authorization to $500.0 million.
Key Highlights
- Net sales increased by 8.3% to $380.4 million for the three months ended April 4, 2026.
- Net income decreased by 40.6% to $9.9 million for the quarter.
- Diluted earnings per share (EPS) fell by 35% to $0.13.
- Board approved a $348.0 million increase to the share repurchase program, totaling $500.0 million available.
- Wholesale channel net sales grew 18.5% to $183.6 million.
- Coolers & Equipment net sales rose 11.3% to $156.1 million.
- International net sales increased 9.4% to $87.3 million.
- Net cash used in operating activities improved to $(32.6) million from $(80.3) million year-over-year.
- Operating income decreased by 42.6% to $12.4 million.