YETI (NYSE:YETI) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Posted by Francis Steltz on May 15th, 2026

YETI (NYSE:YETI – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09, FiscalAI reports. YETI had a net margin of 8.85% and a return on equity of 22.53%. The company had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. During the same quarter in the prior year, the firm earned $0.31 EPS. YETI’s quarterly revenue was up 8.3% on a year-over-year basis. YETI updated its FY 2026 guidance to 2.830-2.890 EPS.

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

YETI reported Q1 sales of $380.4 million, up 8.3% year over year, with growth broad-based across categories and channels and coming in at the top end of its initial full-year outlook.
The company raised its full-year sales growth guidance to 7%-8% from 6%-8% and increased EPS guidance to $2.83-$2.89, citing strong first-quarter momentum and improving visibility into the year.
Wholesale was a standout, growing 19% year over year for its best quarter in more than three years, supported by strong sell-through and healthy inventory levels at retail partners.
Drinkware returned to growth, with sales up 5% globally and U.S. drinkware back to growth, as management highlighted broader innovation across stackable cups, chug bottles, and hydration products rather than reliance on one SKU.
Margins remain pressured by tariffs and input costs, with first-quarter adjusted gross margin down 200 basis points year over year; management expects first-half margin pressure to ease in the second half as tariff comparisons normalize.

YETI Trading Up 6.0%

Shares of NYSE YETI traded up $2.31 during midday trading on Thursday, reaching $40.64. 4,113,160 shares of the stock were exchanged, compared to its average volume of 1,485,116. The stock has a market capitalization of $3.08 billion, a P/E ratio of 20.02, a PEG ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.98. The company has a 50 day simple moving average of $38.52 and a 200 day simple moving average of $41.80. YETI has a twelve month low of $28.98 and a twelve month high of $51.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YETI. Cooper Creek Partners Management LLC purchased a new stake in YETI in the third quarter valued at $36,150,000. Morgan Stanley grew its holdings in shares of YETI by 117.5% during the 4th quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock worth $83,232,000 after purchasing an additional 1,017,947 shares during the period. Disciplined Growth Investors Inc. MN acquired a new stake in shares of YETI during the 3rd quarter worth about $25,640,000. Wellington Management Group LLP increased its position in shares of YETI by 14.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock worth $185,089,000 after purchasing an additional 696,983 shares during the last quarter. Finally, Man Group plc raised its holdings in YETI by 394.6% in the 2nd quarter. Man Group plc now owns 515,402 shares of the company’s stock valued at $16,245,000 after buying an additional 411,201 shares during the period.

Key Headlines Impacting YETI

Here are the key news stories impacting YETI this week:

Positive Sentiment: YETI topped Q1 estimates, posting adjusted EPS of $0.26 versus $0.17 expected and revenue of $380.4 million versus $374.7 million expected, signaling stronger-than-anticipated demand. YETI Reports First Quarter 2026 Results
Positive Sentiment: The company raised FY 2026 EPS guidance to $2.83-$2.89, above consensus, which suggests confidence in continued margin and profit improvement. YETI Reports First Quarter 2026 Results
Positive Sentiment: Underlying sales trends were strong, with wholesale up 19%, U.S. sales up 8%, international sales up 9%, and coolers/equipment up 11%, showing broad-based demand across the business. YETI Reports First Quarter 2026 Results
Neutral Sentiment: Several articles and commentary focused on the earnings beat and stock rally, reinforcing that the move is being driven primarily by the results and upgraded outlook rather than a new product announcement or macro headline. YETI surges as earnings beat and guidance raised
Neutral Sentiment: YETI also launched new product and brand campaigns, including a coastal collection and a new ad approach, but these items appear secondary to the earnings-driven move today. YETI just launched a gorgeous coastal collection that finally lets you match your cooler to your drinkware
Negative Sentiment: One concern in the report was that quarterly EPS declined from a year earlier, and some coverage noted competitive pressure and expensive pricing, which could limit upside if demand softens. Don’t Want to Spend $325 on a Yeti Tundra? Here Are Some of Our Favorite Coolers That Start At $60

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on YETI shares. UBS Group dropped their price target on YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Morgan Stanley dropped their target price on YETI from $48.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Wall Street Zen downgraded YETI from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $45.00 price target on shares of YETI in a report on Tuesday, January 27th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

Read Our Latest Stock Analysis on YETI

About YETI

(Get Free Report)

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.