Key Takeaways:
YETI Holdings Inc. (NYSE: YETI) reported first-quarter adjusted earnings of $0.26 per share, beating Wall Street estimates of $0.18 even as it absorbed a $0.09 per share impact from tariffs.
"Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter," Matt Reintjes, President and Chief Executive Officer, said. "YETI saw exceptionally strong US consumer sell-through demand across both Drinkware and Coolers & Equipment."
The outdoor gear maker's results topped analyst forecasts across key metrics, with strong performance in its wholesale channel driving the beat. The company also increased its share repurchase authorization to $500 million.
Following the strong start to the year, YETI raised its full-year 2026 outlook. The company now expects sales growth between 7 percent and 8 percent, narrowing from a previous 6 to 8 percent. Adjusted EPS is now forecast to be between $2.83 and $2.89, reflecting 14 to 17 percent growth.
The company’s growth was powered by a 19 percent surge in its wholesale channel, which brought in $183.6 million. This performance, described as the best in over three years, offset flat results in the direct-to-consumer (DTC) channel, which was held back by a decline in corporate sales.
By product category, Coolers & Equipment sales increased 11 percent to $156.1 million, while the Drinkware category grew 5 percent to $216.9 million. The performance indicates continued consumer demand for the company's core and expanded product lines.
The updated guidance suggests management is confident that cost pressures from tariffs are manageable and that consumer demand will remain strong. Investors will watch the company's ability to continue expanding margins as tariff impacts are expected to peak in the first half of 2026.
This article is for informational purposes only and does not constitute investment advice.
