Q1 2026 Yeti Holdings Inc Earnings Call Transcript
Key Points
- YETI Holdings Inc (YETI) reported strong Q1 2026 sales growth of 8.3%, reaching $380.4 million, which was at the top end of their initial full-year outlook.
- The company experienced a 19% year-over-year increase in global wholesale sales, marking the strongest wholesale quarter in over three years.
- Drinkware sales grew by 5% to $217 million, marking the second consecutive quarter of mid-single-digit growth, driven by innovation and audience expansion.
- International sales grew by 9%, with a focus on expanding consumer reach and strengthening brand equity in priority markets.
- YETI Holdings Inc (YETI) has a strong balance sheet with over $425 million in liquidity and approximately $70 million in debt, supporting ongoing investments and share repurchases.
- Adjusted gross profit margin decreased by 200 basis points to 55.3% due to higher tariff costs and a lower mix of D2C channel sales.
- Adjusted operating income declined by 24% to $26.6 million, reflecting increased SG&A expenses and tariff impacts.
- Corporate sales were softer due to order timing and a cautious global corporate environment, impacting overall D2C sales.
- The company faced supply constraints in certain soft cooler and bag programs, which limited their ability to fully capture demand.
- YETI Holdings Inc (YETI) experienced a year-over-year decline in cash, primarily due to elevated share repurchases executed through 2025.
Good morning, ladies and gentlemen, and welcome to the YETI Holdings first-quarter 2026 earnings conference call. This call is being recorded on Thursday, May 14, 2026. I would now like to turn the conference over to Arvind Bhatia, Head of Investor Relations at YETI. Please go ahead.
Good morning, and thank you for joining us to discuss YETI Holdings' first-quarter fiscal 2026 results. Leading the call today will be Matt Reintjes, President and CEO, and Scott Bomar, 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. We undertake no obligation to
| 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
