YETI Holdings reported quarterly results

second quarter earnings: “Second Quarter 2026 Highlights • Sales increased 9%, led by 16% growth in Coolers & Equipment and 19% international growth, reflecting strong consumer demand across categories, regions, and channels • Gross margin increased 890 basis points, including 110 basis points of favorable operational drivers and 780 basis points net tariff benefit • Adjusted gross margin increased 170 basis points, including 110 basis points of favorable operational drivers and 60 basis points net tariff benefit • EPS increased 54% to $0.94 and Adjusted EPS increased 2% to $0.67 • Repurchased 2.8 million shares for $130 million • YETI will host an Investor Day on September 17, 2026, in Austin, Texas, where management will provide an update on the business and discuss its long-term strategic plan Update on 2026 Outlook • Maintains 2026 sales growth of 7% to 8% • Increases 2026 adjusted operating income margin to 14.9%, up from 14.6% previously • Raises 2026 adjusted EPS to $2.94 to $3.00, reflecting 19% to 21% growth, up from $2.83 to $2.89 or 14% to 17% growth previously Matt Reintjes, Chair of the Board and Chief Executive Officer, commented, “YETI delivered a strong second quarter, with 9% top-line growth, and stronger-than-expected profitability.” Previous: “Second Quarter 2026 Highlights • Sales increased 9%, led by 16% growth in Coolers & Equipment and 19% international growth, reflecting strong consumer demand across categories, regions, and channels • Gross margin increased 890 basis points, including 110 basis points of favorable operational drivers and 780 basis points net tariff benefit • Adjusted gross margin increased 170 basis points, including 110 basis points of favorable operational drivers and 60 basis points net tariff benefit • EPS increased 54% to $0.94 and Adjusted EPS increased 2% to $0.67 • Repurchased 2.8 million shares for $130 million • YETI will host an Investor Day on September 17, 2026, in Austin, Texas, where management will provide an update on the business and discuss its long-term strategic plan Update on 2026 Outlook • Maintains 2026 sales growth of 7% to 8% • Increases 2026 adjusted operating income margin to 14.9%, up from 14.6% previously • Raises 2026 adjusted EPS to $2.94 to $3.00, reflecting 19% to 21% growth, up from $2.83 to $2.89 or 14% to 17% growth previously Matt Reintjes, Chair of the Board and Chief Executive Officer, commented, “YETI delivered a strong second quarter, with 9% top-line growth, and stronger-than-expected profitability.”