YETI (NYSE:YETI) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

YETI (NYSE:YETI) posted its earnings results on Thursday. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13, FiscalAI reports. YETI had a return on equity of 22.61% and a net margin of 8.36%.The firm had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. During the same quarter in the prior year, the company earned $0.66 EPS. YETI’s revenue was up 8.5% on a year-over-year basis. YETI updated its FY 2026 guidance to 2.940-3.000 EPS.

Here are the key takeaways from YETI’s conference call:

• Second-quarter sales rose 9% to approximately $484 million, with broad-based growth across categories, channels, and regions. Coolers and equipment increased 16%, while drinkware grew 2% despite U.S. category pressure.
• Strong execution supported a 170-basis-point adjusted gross-margin expansion to 59.5%, and the company raised its full-year adjusted operating-margin outlook to approximately 14.9%. Adjusted EPS guidance increased to $2.94–$3.00, from $2.83–$2.89 previously.
• Management highlighted continued momentum in international markets, particularly Europe, Australia, and Japan, and expects international sales growth of high-teens to 20% for 2026. YETI plans to expand into 11 Asian markets by year-end, compared with four a year earlier.
• The company faces ongoing headwinds from tariffs, raw materials, fuel, transportation, and fulfillment costs; management assumes tariff rates return to approximately 20% beginning in September. A $8.2 million tariff refund benefited second-quarter margins, but executives cautioned that consumer uncertainty remains in the back half.
• YETI repurchased $130 million of stock during the quarter, leaving approximately $370 million under its authorization, while management emphasized continued investment in innovation, supply-chain flexibility, international expansion, and productivity initiatives.

YETI Price Performance

YETI stock traded down $6.48 during trading on Thursday, reaching $44.36. 4,705,354 shares of the company were exchanged, compared to its average volume of 1,452,677. The stock’s 50 day moving average price is $49.80 and its 200 day moving average price is $44.73. The company has a market cap of $3.36 billion, a P/E ratio of 22.64, a PEG ratio of 1.60 and a beta of 1.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. YETI has a 52-week low of $31.66 and a 52-week high of $53.99.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Corient IA LLC purchased a new stake in shares of YETI during the fourth quarter worth about $221,000. Brooklyn Investment Group acquired a new position in YETI in the fourth quarter valued at $230,000. O Shaughnessy Asset Management LLC acquired a new position in shares of YETI during the 4th quarter valued at about $219,000. Parallel Advisors LLC raised its stake in YETI by 64.2% during the fourth quarter. Parallel Advisors LLC now owns 1,621 shares of the company’s stock worth $72,000 after purchasing an additional 634 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in YETI during the fourth quarter valued at about $209,000.

YETI News Roundup

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI reported second-quarter adjusted earnings of $0.67 per share, ahead of the $0.54-$0.55 analyst consensus and slightly above $0.66 a year earlier. Revenue rose approximately 9% year over year to $483.87 million, narrowly exceeding estimates. Yeti Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its fiscal 2026 adjusted EPS outlook to $2.94-$3.00, above the roughly $2.80 consensus estimate. The company maintained revenue guidance of approximately $2.0 billion, broadly in line with expectations. YETI Reports Second Quarter 2026 Results
• Positive Sentiment: Broad-based sales strength and plans to return $130 million to shareholders through share repurchases support the investment case. YETI also scheduled an investor day for September 17, which could provide additional details on its growth strategy. YETI Holdings Tops Profit Estimates on Broad-Based Sales Strength
• Neutral Sentiment: YETI appointed CEO Matthew Reintjes as board chair, consolidating leadership responsibilities. The move may improve strategic alignment but also increases reliance on the current leadership team. YETI Appoints CEO Matthew Reintjes as Board Chair
• Negative Sentiment: Reports highlighting coolers and other gear being sold below retail could raise concerns about promotional intensity and potential pressure on margins, although the articles do not quantify the impact on results. Yeti Gear Offered Below Retail

Analyst Ratings Changes

A number of research firms have recently weighed in on YETI. The Goldman Sachs Group raised YETI from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $63.00 in a research report on Monday, July 20th. Morgan Stanley set a $45.00 price objective on YETI in a research report on Tuesday, June 23rd. Piper Sandler raised their target price on shares of YETI from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird increased their price objective on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $42.00 price objective on shares of YETI in a research report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.17.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.