Yeti beats Q1 revenue estimates on wholesale strength, raises 2026 EPS outlook

YETI Holdings

14/05/2026 11:12

Overview

US outdoor products maker's Q1 sales rose 8%, beating analyst expectations

Adjusted EPS for Q1 fell 16% yr/yr but beat analyst expectations

Company raised 2026 sales and EPS outlook, expanded share repurchase program to $500 mln

Outlook

YETI raises 2026 sales growth outlook to 7%-8%, up from 6%-8%

Company lifts 2026 EPS outlook to $2.83-$2.89, from $2.77-$2.83 previously

YETI expects 2026 adjusted operating margin of about 14.6%, up from 14.4%

Result Drivers

WHOLESALE STRENGTH - Wholesale channel sales grew 19%, marking the best quarterly performance in over three years, driven by strong consumer demand in the US and international regions

INNOVATION & BRAND MOMENTUM - Growth in Coolers & Equipment (up 11%) and Drinkware (up 5%) was supported by new product innovation and strong brand response, per CEO Matt Reintjes

TARIFF IMPACT & MIX - Higher tariff costs and a lower mix of DTC and Drinkware sales weighed on gross margin and adjusted EPS, offsetting some topline gains

Company press release: ID:nBw2xgVH3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$380.40 mln
$374.93 mln (15 Analysts)
Q1 Adjusted EPS
Beat
$0.26
$0.18 (16 Analysts)
Q1 Adjusted Net Income
Beat
$19.80 mln
$13.73 mln (14 Analysts)
Q1 Adjusted Operating Income
Beat
$26.60 mln
$18.29 mln (14 Analysts)

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 $52.90, about 38% above its May 13 closing price of $38.33

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

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.)