Yeti Holdings earnings date
Yeti Holdings (1YN) Q3 2026 Earnings Report
DE:1YN Q3 2026 EPS Results
- Actual EPS
- EUR 0.82
- Consensus EPS
- EUR 0.76
- Beat/Miss
- Beat by +EUR 0.06
- One Year Ago EPS
- EUR 0.55
DE:1YN Q3 2026 Revenue Results
- Actual Revenue
- EUR 460.48M
- Expected Revenue
- EUR 472.82M
- Beat/Miss
- Missed by -EUR 12.34M
- YoY Revenue Growth
- +4.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/12/2026
- Time
- Before Open
- Conference Call
- Thursday, November 12, 2026
Yeti Holdings's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive, supported by 6% third-quarter sales growth, strong gross-margin expansion, 35% operating-income growth, 49% EPS growth, international momentum, innovation progress, shareholder returns and maintained profitability and cash-flow guidance. However, management highlighted near-term demand pressure, reduced sales guidance, DTC and Canadian softness, Drinkware SKU headwinds, recall-reserve adjustments and ongoing input-cost and tariff pressures. The positive operating performance and long-term outlook outweighed the near-term challenges.
For fiscal 2026, YETI expects full year adjusted sales growth of approximately 6%, compared with its previous expectation of 7% to 8%, including an estimated 100 basis point headwind from the prior year’s 53rd week; Coolers & Equipment and wholesale are expected to grow high single to low double digits, including a return to double-digit growth in Q4, direct-to-consumer is expected to grow low single digits with positive growth in Q4, the U.S. is expected to grow low to mid-single digits, and International growth is expected in the mid-teens compared to the prior outlook of high teens to 20%; the full year Drinkware impact remains approximately 600 basis points, with an approximately 500 basis point impact in Q3 and similar pressure expected in Q4; adjusted gross margin is expected to be approximately 57.5% to 58%, adjusted operating expenses to increase approximately 5% to 7%, adjusted operating income to increase approximately 7% to 9%, and adjusted operating income margin to be approximately 14.9%; the effective tax rate is expected to be approximately 24%, diluted weighted average shares outstanding approximately 75.1 million, adjusted earnings per diluted share approximately $2.90 to $2.95, representing growth of approximately 16% to 18%, capital expenditures between $60 million and $70 million, and free cash flow between $200 million and $225 million; YETI expects 2027 growth to be within its long-term algo of mid- to high single digits.
- Healthy Third-Quarter Sales GrowthThird-quarter adjusted sales increased 6% to approximately $518 million, with growth broad-based across major product categories and geographies.
- Strong Profitability and Earnings GrowthAdjusted gross margin expanded 310 basis points to 59%, adjusted operating income increased 35% to $90 million, adjusted operating margin expanded 370 basis points to 17.4%, adjusted net income increased 35% to approximately $67 million, and adjusted diluted EPS increased 49% to $0.91 from $0.61.
- Drinkware and Coolers & Equipment GrowthDrinkware adjusted sales increased 8% to $284 million, supported by strength in the core assortment and continued innovation. Coolers & Equipment adjusted sales increased 4% to $224 million, with contributions from established cooler franchises and newer portfolio areas.
- Wholesale and B2B MomentumWholesale sales increased 19% to approximately $237 million, with strong growth across the U.S., Europe and Australia. B2B returned to strong growth, including in the U.S., driven by improving inbound demand, larger average order values and strength across platforms.
- International ExpansionInternational sales increased 19% to approximately $119 million and represented 23% of adjusted sales versus 21% in the prior-year period. Europe and Australia were key contributors, while Japan sales grew significantly, led by e-commerce.
- European and Asia-Pacific ProgressThe U.K. benefited from wholesale growth, strong digital performance and rising brand awareness; YETI reached the number-one position in coolers and number-two position in drinkware on Amazon U.K. The company opened its first brand stores in Japan and Korea and launched its initial digital marketplace presence in China.
- Brand Reach and Consumer EngagementThe Four Letters campaign drove meaningful gains in brand search, consideration and ad recall, with broad-based gains among younger consumers, women, sports fans and parents. The YETI Open generated more than 1.2 million impressions, and the first Fuji Rock activation reached an outdoor event with more than 120,000 attendees.
- Innovation Across Product PlatformsSoft coolers, bags, storage and protective cases, drinkware and cookware continued to broaden YETI's product platforms. Daytrip, Camino, Camino Zip and Ranchero Crossbody contributed to growth, while Tundra, Roadie 8 and Roadie 15 supported hard cooler performance and expanded everyday and entry-price use cases.
- Emerging Food, Cookware and Outerwear OpportunitiesFood is gaining momentum as consumers build systems across bowls and Daytrip, and early cookware feedback has been strong. Reviews of the new outerwear launch were also described as strong among people familiar with technical and performance outerwear.
- Improved Direct-to-Consumer Metrics and Q4 OutlookAlthough U.S. website traffic remained pressured year-over-year, conversion improved and customer lifetime value increased. Excluding the Prime Day shift, DTC would have been approximately flat in Q3, and the company expects positive DTC growth in Q4.
- Gross Margin and Operating LeverageApproximately 200 basis points of gross-margin improvement reflected lower net tariff costs, while the remaining 110 basis points came from pricing and lower inbound freight, partially offset by higher product costs related to commodity inflation. Adjusted SG&A increased 5%, below the rate of sales growth, producing 60 basis points of SG&A leverage.
- Strong Liquidity and Inventory PositionYETI ended the quarter with approximately $74 million of cash, $71 million of total debt and an undrawn $300 million revolving credit facility. Management described inventory as healthy and said the company was in stock and prepared to support holiday demand.
- Free Cash Flow and Shareholder ReturnsThrough the first nine months of 2026, the company generated approximately $110 million of cash from operating activities and approximately $72 million of free cash flow. It repurchased approximately $20 million of shares in the third quarter and approximately $150 million during the first nine months, with approximately $350 million remaining under the authorization.
- Project Upcycle ProgressThe $100 million Project Upcycle productivity program had more than 50 active projects in the pipeline, with meaningful wins in the second half of 2026 expected to benefit 2027. Management said the program was in the execution stage and was already delivering real returns and early wins.
- Updated Full-Year Profitability and Cash Flow OutlookDespite lowering the sales outlook, the company maintained adjusted gross-margin guidance of approximately 57.5% to 58% and adjusted operating-margin guidance of approximately 14.9%. It expects adjusted operating income growth of approximately 7% to 9%, adjusted EPS of approximately $2.90 to $2.95, representing growth of approximately 16% to 18%, capital expenditures of $60 million to $70 million and free cash flow of $200 million to $225 million.
- Confidence in 2027 Long-Term FrameworkManagement said it expects 2027 growth to be within its long-term mid- to high single-digit algorithm. The company cited the absence of the 53rd week comparison, the end of pressure from trend-driven SKUs starting in Q1, a robust innovation pipeline and continued progress in Europe and Asia as supportive factors.
DE:1YN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 1.05- | 0.83 | ― | ― |
| Nov 12, 2026 | 2026 (Q3) | 0.760.82 | 0.55 | 49.18% (+0.27) | |
| Aug 13, 2026 | 2026 (Q2) | 0.490.61 | 0.6 | 1.52% (+0.01) | |
| May 14, 2026 | 2026 (Q1) | 0.160.24 | 0.28 | -16.13% (-0.05) | |
| Feb 19, 2026 | 2025 (Q4) | 0.800.83 | 0.9 | -8.00% (-0.07) | |
| Nov 06, 2025 | 2025 (Q3) | 0.530.55 | 0.64 | -14.08% (-0.09) | |
| Aug 07, 2025 | 2025 (Q2) | 0.500.60 | 0.63 | -5.71% (-0.04) | |
| May 08, 2025 | 2025 (Q1) | 0.240.28 | 0.31 | -8.82% (-0.03) | |
| Feb 13, 2025 | 2024 (Q4) | 0.840.90 | 0.81 | 11.11% (+0.09) | |
| Nov 07, 2024 | 2024 (Q3) | 0.600.64 | 0.54 | 18.33% (+0.10) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
