Outdoor products maker Yeti beats Q2 sales, EPS estimates; hikes profit forecast

YETI Holdings

13/08/2026 11:08

Overview
US outdoor products maker's Q2 sales rose 9%, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company repurchased $130 mln in shares during the quarter

Outlook
Yeti raises 2026 adjusted EPS outlook to $2.94-$3.00, up from $2.83-$2.89
Company maintains 2026 sales growth forecast of 7% to 8%
Yeti increases 2026 adjusted operating income margin forecast to 14.9% from 14.6%

Result Drivers
COOLERS & EQUIPMENT GROWTH - Sales in Coolers & Equipment rose 16%, driven by strong performance in bags, soft coolers, cases & storage, and outdoor living
INTERNATIONAL SALES - International sales grew 19%, led by Europe and Australia, reflecting increased brand awareness and demand across key markets
TARIFF REFUND IMPACT - Net tariff refund under IEEPA boosted gross profit and margins, with a $42.6 mln benefit recognized as a reduction of cost of goods sold

Company press release: ID:nGNX6Cy30R

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$483.90 mln
$483.89 mln (15 Analysts)
Q2 Adjusted EPS
Beat
$0.67
$0.55 (16 Analysts)
Q2 Adjusted Net Income
Beat
$50.70 mln
$41.09 mln (14 Analysts)
Q2 Adjusted Operating Income
Beat
$68.20 mln
$54.62 mln (14 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for YETI Holdings, Inc. is $53.50, about 5.2% above its August 12 closing price of $50.84
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 12 - Kontoor Brands Q2 profit tops estimates, lifts 2026 adjusted EPS outlook
Aug 10 - Outdoor Holding Company Q1 revenue rises on legislation-driven demand
Aug 12 - Crown Crafts Q1 returns to profit on tariff refunds

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)