Q4 2025 Yeti Holdings Inc Earnings Call Transcript
Key Points
- YETI Holdings Inc (YETI) reported a strong Q4 2025 with 5% net sales growth, driven by a 6% increase in Drinkware and 25% growth in international markets.
- The company achieved gross margins that exceeded expectations despite a challenging tariff and promotional environment.
- YETI Holdings Inc (YETI) generated strong full-year free cash flow of $212 million, highlighting the cash-generating strength of its operating model.
- The company executed $125 million in share repurchases during Q4, bringing the full-year total to approximately $300 million.
- YETI Holdings Inc (YETI) has a robust innovation pipeline for 2026, with plans for product expansion and global reach, supporting anticipated 6% to 8% net sales growth.
- Adjusted gross profit margin decreased by 180 basis points year-over-year, impacted by higher tariff costs.
- Adjusted operating income declined 14% to $94.7 million, reflecting a 250-basis point net impact from higher tariff costs.
- The company faced supply constraints in certain product lines, such as DayTrip soft cooler bags and Camino Totes.
- US wholesale showed ongoing buying caution, with inventory planning remaining tight among many partners.
- YETI Holdings Inc (YETI) anticipates a 300-basis point decline in gross margins in the first half of 2026 due to tariffs.
Good morning, ladies and gentlemen and welcome to the YETI Holdings Q4 2025 earnings conference call. (Operator Instructions) This call is being recorded on Thursday, February 19, 2026. I would now like to turn the conference over to Arvind Bhatia, Head of Investor Relations. Please go ahead.
Good morning and thank you for joining us to discuss YETI Holdings fourth 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 Form 10-Q.
We
| 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
