Earnings Releases·Nov 12, 2026, 6:12 AM ET

YETI Holdings, Inc. — Third Quarter 2026 Earnings Summary

Net sales rose 4% YoY to $509.4 million, while adjusted net income surged 35% to $67.2 million and adjusted diluted EPS grew 49% to $0.91, driven by gross margin expansion of 180 basis points to 57.7%.
Management lowered full-year 2026 adjusted sales growth guidance to ~6% (from 7-8%) and adjusted EPS guidance to $2.90–$2.95 (from $2.94–$3.00), citing a cautious consumer environment and uneven demand in US/Canadian markets.
Strategic momentum continues with international sales up 19% and wholesale channel sales up 19%, offsetting a 6% decline in direct-to-consumer sales; the company also opened first brand stores in Japan and Korea.
Capital allocation included $20.0 million in share repurchases during the quarter, bringing year-to-date buybacks to $150 million, with $350 million remaining under the authorization.
Inventory levels increased 22% to $394.2 million, and product recall reserves negatively impacted gross margin by 130 basis points, though this was partially offset by $4.7 million in IEEPA tariff refunds.