Revenue: As of FY2027 Q2, the actual value is USD 483.87 M, missing the estimate of USD 523.11 M.

EPS: As of FY2027 Q2, the actual value is USD 0.94, beating the estimate of USD 0.6033.

EBIT: As of FY2027 Q2, the actual value is USD 94.41 M.

Second Quarter 2026 Financial Highlights

YETI Holdings, Inc. reported a 9% increase in sales, driven by 16% growth in Coolers & Equipment and 19% international growth. Gross margin improved by 890 basis points, including 110 basis points from favorable operational drivers and a 780 basis point net tariff benefit. Adjusted gross margin rose by 170 basis points, with 110 basis points from favorable operational drivers and a 60 basis point net tariff benefit. Net income increased by 39% to $71.3 million, representing 14.7% of sales. Adjusted net income decreased by 8% to $50.7 million, or 10.5% of sales. The company repurchased 2.8 million shares for $130 million during the quarter.

Sales by Channel

Wholesale channel sales increased by 10% to $218.0 million. Direct-to-consumer (DTC) channel sales grew by 7% to $265.9 million.

Sales by Category

Coolers & Equipment sales increased by 16% to $232.4 million. Drinkware sales rose by 2% to $241.4 million. Other sales were $10.080 million.

Sales by Region

US sales increased by 6% to $391.0 million. International sales grew by 19% to $92.9 million.

Operational Metrics

Gross profit increased by 25% to $322.5 million. Gross margin was 66.7%. Adjusted gross profit increased by 12% to $288.1 million. Adjusted gross margin was 59.5%. Selling, general, and administrative (SG&A) expenses increased by 17% to $229.0 million. As a percentage of sales, SG&A expenses increased by 340 basis points to 47.3%. Adjusted SG&A expenses increased by 19% to $219.9 million. As a percentage of sales, adjusted SG&A expenses increased by 410 basis points to 45.4%. Operating income increased by 51% to $93.5 million, representing 19.3% of sales. Adjusted operating income decreased by 7% to $68.2 million, or 14.1% of sales.

Balance Sheet and Liquidity (as of July 4, 2026)

Cash stood at $59.8 million. Total debt, excluding finance leases and unamortized deferred financing fees, was $101.7 million. The company had $270 million of available capacity under its $300 million Revolving Credit Facility. Inventory increased by 5% to $359.1 million.

Cash Flow (Six Months Ended July 4, 2026)

Net cash provided by operating activities was $29.801 million. Purchases of property and equipment were - $25.479 million. Free cash flow was $4.322 million. Net cash used in investing activities was - $39.953 million. Net cash used in financing activities was - $116.111 million.

IEEPA Tariff Refunds

The total net benefit from IEEPA tariff refunds was $45.6 million for the second quarter of 2026. This included a $42.6 million net benefit recognized as a reduction of cost of goods sold and $2.9 million of interest income.

Fiscal 2026 Outlook

YETI Holdings, Inc. maintained its 2026 sales growth outlook at 7% to 8%. The company increased its 2026 adjusted operating income margin target to 14.9%, up from 14.6% previously. The adjusted EPS for 2026 is now projected to be $2.94 to $3.00, reflecting 19% to 21% growth, an increase from the prior outlook of $2.83 to $2.89 or 14% to 17% growth.