Q2 2025 Yeti Holdings Inc Earnings Call Transcript
Key Points
- YETI Holdings Inc (YETI) is making significant progress on its long-term strategic priorities, including driving innovation, expanding its global presence, and transforming its supply chain.
- The company is experiencing increased momentum in product innovation, particularly in bags and packs, with strong performance in international markets such as the UK, Europe, Canada, and Australia.
- YETI Holdings Inc (YETI) is on track to open an Asia-based innovation center in Thailand, which will enhance its global innovation capabilities and speed up product development.
- The company has successfully diversified its supply chain, reducing its exposure to US tariffs on goods sourced from China to less than 5% of total cost of goods sold by year-end.
- YETI Holdings Inc (YETI) is launching a strategic partnership with Fanatics, expanding its presence in sports and offering team color drinkware and hard coolers for NFL, MLB, NHL, and NCAA programs.
- Sales in the second quarter decreased by 4% to $445.9 million, slightly below expectations due to cautious spending from consumers and retail partners.
- The US drinkware market remains challenging, with a 4% decline in sales, reflecting a more promotional environment and temporary inventory constraints.
- Soft coolers experienced a decline in sales, and there is evidence of consumer trade-down in higher-priced soft coolers.
- Direct-to-consumer sales decreased by 1%, with lower-than-expected conversion rates on yeti.com despite higher traffic and average order value.
- The international wholesale channels, particularly in Australia and Canada, faced challenges due to inventory balancing and cautious ordering by wholesale partners.
Good morning, ladies and gentlemen, and welcome to the YETI Holdings second quarter 2025 earnings conference call. (Operator Instructions) This call is being recorded on Thursday, August 7, 2025. I would now like to turn the conference over to Arvind Bhatia, Head of Investor Relations, at YETI. Please go ahead, sir.
Good morning, and thank you for joining us to discuss YETI Holdings' second quarter fiscal 2025 results. Leading the call today will be Matt Reintjes, President and CEO; and Mike McMullen, CFO. Following our prepared remarks, we will open the call for your questions.
Before we begin, we would like to remind you that some of the statements that we make today on this call may be considered forward-looking, and such forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. For more information, please refer to the risk factors detailed in our most recently filed Form 10-K and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
