YETI (NYSE:YETI) Announces Quarterly Earnings Results

YETI (NYSE:YETI) announced its earnings results on Thursday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09, FiscalAI reports. The firm had revenue of $380.41 million for the quarter, compared to the consensus estimate of $374.73 million. YETI had a return on equity of 22.53% and a net margin of 8.85%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. YETI updated its FY 2026 guidance to 2.830-2.890 EPS.

Here are the key takeaways from YETI’s conference call:

• YETI reported Q1 sales of $380.4 million, up 8.3% year over year, with growth broad-based across categories and channels and coming in at the top end of its initial full-year outlook.
• The company raised its full-year sales growth guidance to 7%-8% from 6%-8% and increased EPS guidance to $2.83-$2.89, citing strong first-quarter momentum and improving visibility into the year.
• Wholesale was a standout, growing 19% year over year for its best quarter in more than three years, supported by strong sell-through and healthy inventory levels at retail partners.
• Drinkware returned to growth, with sales up 5% globally and U.S. drinkware back to growth, as management highlighted broader innovation across stackable cups, chug bottles, and hydration products rather than reliance on one SKU.
• Margins remain pressured by tariffs and input costs, with first-quarter adjusted gross margin down 200 basis points year over year; management expects first-half margin pressure to ease in the second half as tariff comparisons normalize.

YETI Stock Up 6.0%

YETI stock traded up $2.31 during midday trading on Thursday, reaching $40.64. The stock had a trading volume of 4,113,160 shares, compared to its average volume of 1,485,116. YETI has a 12 month low of $28.98 and a 12 month high of $51.29. The company has a market capitalization of $3.08 billion, a P/E ratio of 20.02, a PEG ratio of 1.24 and a beta of 1.69. The company has a fifty day moving average price of $38.52 and a two-hundred day moving average price of $41.80. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

YETI has been the topic of several recent research reports. KeyCorp raised YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a report on Friday, January 16th. Robert W. Baird lifted their target price on YETI from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Citigroup lifted their target price on YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. UBS Group cut their target price on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Wall Street Zen downgraded YETI from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.50.

YETI News Summary

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI topped Q1 estimates, posting adjusted EPS of $0.26 versus $0.17 expected and revenue of $380.4 million versus $374.7 million expected, signaling stronger-than-anticipated demand. YETI Reports First Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 EPS guidance to $2.83-$2.89, above consensus, which suggests confidence in continued margin and profit improvement. YETI Reports First Quarter 2026 Results
• Positive Sentiment: Underlying sales trends were strong, with wholesale up 19%, U.S. sales up 8%, international sales up 9%, and coolers/equipment up 11%, showing broad-based demand across the business. YETI Reports First Quarter 2026 Results
• Neutral Sentiment: Several articles and commentary focused on the earnings beat and stock rally, reinforcing that the move is being driven primarily by the results and upgraded outlook rather than a new product announcement or macro headline. YETI surges as earnings beat and guidance raised
• Neutral Sentiment: YETI also launched new product and brand campaigns, including a coastal collection and a new ad approach, but these items appear secondary to the earnings-driven move today. YETI just launched a gorgeous coastal collection that finally lets you match your cooler to your drinkware
• Negative Sentiment: One concern in the report was that quarterly EPS declined from a year earlier, and some coverage noted competitive pressure and expensive pricing, which could limit upside if demand softens. Don’t Want to Spend $325 on a Yeti Tundra? Here Are Some of Our Favorite Coolers That Start At $60

Institutional Trading of YETI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YETI. Integrated Wealth Concepts LLC increased its position in YETI by 9.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after buying an additional 569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in YETI by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock valued at $9,527,000 after buying an additional 14,920 shares in the last quarter. M&T Bank Corp increased its position in YETI by 17.6% in the 2nd quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock valued at $272,000 after buying an additional 1,294 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in YETI by 48.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company’s stock valued at $517,000 after buying an additional 5,379 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in YETI by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 144,069 shares of the company’s stock valued at $4,541,000 after buying an additional 3,507 shares in the last quarter.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.