Yeti beats Q3 sales estimates, raises 2025 buyback target

YETI Holdings

06/11/2025 11:21

Overview

Yeti Q3 net sales grew 2%, driven by Coolers & Equipment, beating analyst expectations

Adjusted EPS for Q3 beats analyst expectations despite a 14% decrease

Company raises 2025 share repurchase target to $300 mln, indicating growth confidence

Outlook

Yeti expects 2025 adjusted sales to increase 1% to 2%

Yeti raises 2025 share repurchase target to $300 mln

Yeti sees 2025 adjusted EPS between $2.38 and $2.49

Result Drivers

INTERNATIONAL SALES - Co reports 14% increase in international sales, driven by growth in Europe, Australia, and new market entry in Japan

COOLERS & EQUIPMENT - Segment sales rose 12%, driven by strong performance in soft coolers and bags

TARIFF IMPACT - Higher tariff costs negatively impacted gross margin by 320 basis points

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$487.80 mln
$480.27 mln (15 Analysts)
Q3 Adjusted EPS
Beat
$0.61
$0.58 (16 Analysts)
Q3 Adjusted Net Income
Beat
$49.60 mln
$47.79 mln (14 Analysts)
Q3 Adjusted Operating Income
Beat
$66.60 mln
$64.68 mln (14 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "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 $35.00, about 4.6% above its November 5 closing price of $33.39

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBw7p2qSna

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(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.)