Direct-to-consumer (“DTC”) channel sales were flat at $196.8 million.

first quarter earnings: “First Quarter 2026 Highlights • Sales increased 8%, driven by strong consumer demand across categories and channels • Wholesale sales grew 19%, delivering our best quarterly performance in over three years • US sales grew 8%; International sales grew 9% • Coolers & Equipment sales grew 11%; Drinkware sales grew 5% • EPS decreased 35% to $0.13; Adjusted EPS decreased 16% to $0.26 from $0.31, inclusive of a $0.09 unfavorable net impact from incremental tariffs • Increased Share Repurchase Program authorization to $500 million Update on 2026 Outlook • Raises the lower end of 2026 sales growth Outlook to new range of 7% to 8%, up from 6% to 8% • Increases 2026 adjusted operating income margin Outlook to approximately 14.6%, up from 14.4% previously • Raises 2026 EPS Outlook to $2.83 to $2.89, reflecting 14% to 17% growth, up from $2.77 to $2.83 or 12% to 14% growth previously Matt Reintjes, President and Chief Executive Officer, commented, “Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter.” Previous: “First Quarter 2026 Highlights • Sales increased 8%, driven by strong consumer demand across categories and channels • Wholesale sales grew 19%, delivering our best quarterly performance in over three years • US sales grew 8%; International sales grew 9% • Coolers & Equipment sales grew 11%; Drinkware sales grew 5% • EPS decreased 35% to $0.13; Adjusted EPS decreased 16% to $0.26 from $0.31, inclusive of a $0.09 unfavorable net impact from incremental tariffs • Increased Share Repurchase Program authorization to $500 million Update on 2026 Outlook • Raises the lower end of 2026 sales growth Outlook to new range of 7% to 8%, up from 6% to 8% • Increases 2026 adjusted operating income margin Outlook to approximately 14.6%, up from 14.4% previously • Raises 2026 EPS Outlook to $2.83 to $2.89, reflecting 14% to 17% growth, up from $2.77 to $2.83 or 12% to 14% growth previously Matt Reintjes, President and Chief Executive Officer, commented, “Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter.”