Yeti Holdings CEO Sees Brand Riding Broad-Based Strength into Second Quarter

May 14, 2026

YETI’s first quarter came in strong, with broad-based demand across categories and channels helping drive revenue up about 8% to roughly $380 million. The best performance came from wholesale, which grew 19%, while coolers and equipment rose 11% and drinkware increased 5%, showing that growth was not dependent on just one product line.

Even with the solid sales growth, profitability was pressured by tariffs and a less favorable mix of business. Adjusted EPS fell to $0.26 from $0.31 a year earlier, and gross margin slipped as tariff costs rose and direct-to-consumer and drinkware made up a smaller share of sales.

Management sounded constructive on the rest of the year and raised full-year guidance. YETI now expects 2026 adjusted EPS of $2.83 to $2.89 and sales growth of 7% to 8%, while also pointing to a healthier wholesale inventory picture and improving sell-through at retail. SGB