Quarterly ResultMay 14, 2026, 06:12 AM
YETI Q1 Sales +8%; Raises 2026 Outlook & Share Buyback to $500M
AI Summary
YETI Holdings reported an 8% increase in Q1 2026 net sales, reaching $380.4 million, driven by strong consumer demand across categories and channels. Despite a 16% decrease in adjusted EPS to $0.26 due to tariff impacts, the company raised the lower end of its 2026 sales growth outlook to 7%-8% and increased its 2026 adjusted EPS outlook to $2.83-$2.89. Additionally, YETI's Board of Directors approved an increase to its share repurchase program, making $500 million available for repurchases.
Key Highlights
- Net sales increased 8% to $380.4 million in Q1 2026.
- Adjusted EPS decreased 16% to $0.26, including a $0.09 unfavorable tariff impact.
- Wholesale sales grew 19% to $183.6 million.
- Coolers & Equipment sales increased 11% to $156.1 million.
- Drinkware sales increased 5% to $216.9 million.
- Share Repurchase Program authorization increased to $500 million.
- Raised 2026 sales growth outlook to 7%-8% (from 6%-8%).
- Raised 2026 adjusted EPS outlook to $2.83-$2.89 (from $2.77-$2.83).