May. 14 at 11:48 AM
$YETI
YETI Holdings reported first-quarter 2026 net sales of
$380.4 million, up 8% from the prior-year quarter, driven mainly by 19% growth in wholesale and modest growth in direct-to-consumer.
Drinks and Coolers & Equipment both grew, with international sales rising 9%.
Profitability weakened as gross margin fell to 55.3% from 57.4%, pressured by higher tariffs, mix shifts away from DTC and Drinkware, and higher inbound freight, partly offset by lower product costs and favorable currency. Net income declined to
$9.9 million from
$16.6 million, with diluted EPS at
$0.13 versus
$0.20.
Operating cash flow was a use of
$32.6 million, mainly due to higher inventory and other working-capital outflows, though this was a smaller outflow than a year earlier. YETI ended the quarter with
$127.8 million in cash,
$72.8 million of term loan debt, and the board later expanded its share repurchase program to leave
$500 million available as of May 14, 2026.
