Yeti Holdings Inc
SWB:1YN

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Yeti Holdings Inc
SWB:1YN
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Price: 39 EUR -0.51%
Market Cap: 6.5B EUR

Yeti Holdings Inc
Investor Relations

In the outdoor realm where innovation meets endurance, Yeti Holdings Inc. has carved a distinct niche, showcasing its prowess in creating products that withstand the elements and elevate experiences. Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, Yeti emerged from a frustration with the inadequacy of existing coolers for hunting and fishing purposes. Their solution was revolutionary: a high-performance cooler, designed not just to preserve ice for days but to endure the rigors of the wild. This uncompromising commitment to quality and durability became Yeti’s hallmark, propelling them beyond just a cooler company to a lifestyle brand synonymous with the adventurous spirit. The company’s product line has since expanded to include drinkware, bags, and outdoor lifestyle gear, all crafted with a similar emphasis on durability and premium performance.

The business model of Yeti Holdings Inc. thrives on a direct-to-consumer approach, augmented by strategic placements in select retail and specialty outlets. By maintaining a direct line to consumers, Yeti ensures a robust brand presence and loyalty, essential for sustaining its premium pricing strategy. The allure of Yeti products lies not only in their superior function but also in the brand’s storytelling, which captures the imagination of outdoor enthusiasts and everyday users alike. Marketing their products as an investment in quality and experience, Yeti skillfully ties its narratives to the rugged outdoors, fueling its reputation and ensuring steady revenue streams. This strategic alignment of high-quality offerings and compelling branding positions Yeti as a distinct leader in the lucrative outdoor products market, making it a fascinating entity in the consumer goods sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Sales Beat: YETI delivered Q3 sales of $487.8 million, up 2% and above expectations, driven by double-digit growth in Coolers & Equipment and international sales.

Category Trends: Drinkware sales declined 4% in Q3, but management reiterated expectations for the category to return to growth in Q4, supported by new product launches and international momentum.

International Strength: International sales grew 14% and now represent approximately 21% of total sales, with strong performance in Europe, the U.K., and early gains in Japan.

Margin Pressure: Gross margin fell 230 basis points year-over-year to 55.9%, mainly due to higher tariff costs and lower Drinkware mix; EPS declined 14% to $0.61.

Raised Share Buybacks: YETI increased its 2025 share repurchase target to $300 million from $200 million, bringing total buybacks to $500 million for 2024 and 2025.

Improved Guidance: Full-year 2025 sales growth guidance was narrowed to up 1% to 2% (from flat to up 2%), and free cash flow guidance was raised to $200 million.

Supply Chain Diversification: By year-end, less than 5% of goods will be exposed to U.S. tariffs from China, reflecting progress in supply chain diversification.

Long-Term Growth Outlook: Management reiterated a long-term annual sales growth target of high single digits to low double digits, based on innovation, brand reach, and global expansion.

Key Financials
Revenue
$487.8 million
Drinkware Sales
$263.8 million
Coolers & Equipment Sales
$215.4 million
International Sales
$100.4 million
Direct-to-Consumer Sales
$288.7 million
Wholesale Sales
$199 million
Gross Profit
$272.5 million
Gross Margin
55.9%
Operating Income
$66.6 million
Net Income
$49.6 million
EPS
$0.61
Cash
$164.5 million
Inventory
$324 million
Total Debt
$74.9 million
Share Repurchases
$173 million year-to-date
Diluted Shares Outstanding
81.5 million (expected for full year 2025)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Matthew J. Reintjes
President, CEO & Director
No Bio Available
Mr. Michael James McMullen
Senior VP, Principal Accounting Officer, Treasurer & CFO
No Bio Available
Mr. Martin H. Duff
Senior Vice President of Supply Chain & Operations
No Bio Available
Mr. Bryan C. Barksdale
Senior VP, Chief Legal Officer & Secretary
No Bio Available
Mr. Paulie Dery
Chief Marketing Officer
No Bio Available
Ms. Corrine Doran
Vice President of Corporate Development
No Bio Available
Ms. Evonne Delaney
Chief Human Resources Officer
No Bio Available

Contacts

Address
TEXAS
Austin
7601 Southwest Pkwy
Contacts
+15123949384.0
www.yeti.com