NYSE$YETI
YETI Holdings Inc · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
YETI reported Q1 2026 net sales of $380.4M and diluted EPS of $0.13.
For the quarter ended April 4, 2026, YETI net sales increased 8% to $380.4 million while net income fell to $9.9 million ($0.13 diluted EPS) from $16.6 million ($0.20) a year ago. Gross margin declined 210 bps to 55.3% primarily from tariffs (-280 bps), channel mix, and inbound freight, partially offset by FX and selective pricing. Wholesale grew 19% to $183.6M while DTC was roughly flat at $196.8M; Drinkware +5% and Coolers & Equipment +11%.
- Net sales $380.4M (+8% YoY); operating income $12.4M vs $21.7M prior year.
- Diluted EPS $0.13; gross margin 55.3% (-210 bps) with tariffs the largest drag.
- Wholesale +19%; DTC flat; international sales +9% to $87.3M (23% of total).
- SG&A $197.8M (+10%) on logistics, G&A, and marketing investments.
- U.S. sales +8% to $293.1M driven by wholesale and Amazon, offset by Corporate Sales decline.
Headline financials
Revenue & EPS history
YETI · Revenue · Quarterly
$380M
Revenue by segment
YETI · $858M total across 4 segments · Q3 2023
- Direct-to-consumer$260M+14.1%30.2%
- Drinkware$253M+6.0%29.5%
- Wholesale$174M-15.6%20.3%
- Coolers & Equipment$172M-7.6%20.0%
Forward guidance
The Q1 10-Q does not include quantitative annual guidance; management discusses tariff headwinds, international expansion investments, and channel mix shifts between DTC and wholesale.
Tailwinds
- Wholesale and international regions posted strong double-digit growth.
- Coolers & Equipment and Drinkware both grew year over year.
- Selective price increases and lower product costs partially offset tariff pressure.
Headwinds
- Tariffs reduced gross margin by approximately 280 basis points in Q1.
- DTC mix decline and Corporate Sales weakness weighed on profitability.
- Higher SG&A from logistics, technology, and international headcount investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.5%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
39%
14 / 36 earnings
Positive
+44.7%
Q3 2022
Best reaction
-18.8%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +9.2% | +31.5% | |
| Q4 2025 | -4.6% | -8.1% | -28.2% | |
| Q3 2025 | +5.3% | +15.2% | +29.9% | |
| Q1 2025 | +6.0% | +13.4% | +13.0% | |
| Q4 2024 | -0.9% | +1.4% | -15.1% | |
| Q3 2024 | +7.0% | +14.5% | +17.5% | |
| Q2 2024 | +10.7% | +12.6% | +0.8% | |
| Q1 2024 | +14.0% | +20.4% | +23.6% | |
| Q4 2023 | -18.8% | -20.0% | -23.1% | |
| Q3 2023 | +4.1% | +10.6% | +16.6% | |
| Q2 2023 | +13.5% | +15.6% | +19.5% | |
| Q1 2023 | -5.2% | -5.6% | -16.7% | |
| Q4 2022 | -3.5% | -1.9% | -1.6% | |
| Q3 2022 | +44.7% | +45.7% | +47.2% | |
| Q2 2022 | -17.3% | -21.4% | -34.3% | |
| Q1 2022 | +3.0% | +7.4% | +1.6% | |
| Q4 2021 | -8.0% | -10.3% | -5.0% | |
| Q3 2021 | -5.0% | +1.1% | -12.8% | |
| Q2 2021 | +1.6% | +2.2% | +0.8% | |
| Q1 2021 | +8.8% | +5.9% | +16.6% | |
| Q3 2020 | +14.3% | +8.2% | +22.2% | |
| Q2 2020 | -2.4% | -7.7% | -4.1% | |
| Q1 2020 | +6.7% | +0.3% | +31.4% | |
| Q4 2019 | -5.4% | -7.5% | -34.1% | |
| Q3 2019 | -5.2% | -8.2% | -8.3% | |
| Q2 2019 | -12.7% | -14.3% | -18.7% | |
| Q1 2018 | -8.9% | -7.9% | -22.2% | |
| Q1 2019 | -7.1% | -15.4% | -29.5% | |
| Q1 2017 | -1.9% | +2.5% | +11.1% | |
| Q2 2017 | -1.9% | +2.5% | +11.1% | |
| Q4 2016 | -1.9% | +2.5% | +11.1% | |
| Q2 2018 | -1.9% | +2.5% | +11.1% | |
| Q4 2018 | +22.4% | +28.0% | +59.6% | |
| Q4 2017 | -8.5% | -12.0% | -9.3% | |
| Q3 2017 | -8.5% | -12.0% | -9.3% | |
| Q3 2018 | -12.3% | -12.1% | -22.8% | |
| Q1 2016 | — | — | — | |
| Q1 2015 | — | — | — |
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