EarningsQ2 2026 Earnings Report
MX:YETI Q2 2026 EPS Results
Actual EPS$12.17
Consensus EPS$9.81
Beat/MissBeat by +$2.36
One Year Ago EPS$11.99
MX:YETI Q2 2026 Revenue Results
Actual Revenue$8.79B
Expected Revenue$8.79B
Beat/MissBeat by +$1.31M
YoY Revenue Growth+8.52%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
MX:YETI Upcoming Earnings
Yeti Holdings's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:YETI Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly constructive picture: solid top-line growth (9% YoY), strong international momentum (+19%), notable margin improvement (adjusted gross margin +170 bps) and upgraded full-year guidance for margins and EPS. These positives were balanced against near-term profitability pressure from OpEx timing (brand campaign), inflationary and tariff headwinds (including a one-time tariff refund benefit in Q2), a material decline in cash versus last year and some regional/channel softness (Canada, corporate sales). Management emphasized diversification, product/platform expansion, disciplined capital allocation (significant share repurchases), and confidence in long-term runway—leading to guidance that assumes stable growth for the year but with cautious assumptions about tariffs and input-cost inflation.Company Guidance
Top-line Growth
Total sales of approximately $484 million in Q2, representing 9% year-over-year growth across categories, channels and geographies.
Segment and Channel Strength
Coolers & Equipment grew 16% to $232 million; Drinkware grew 2% to $241 million (third consecutive quarter of growth); Wholesale sales increased 10% to $218 million; Direct-to-consumer sales increased 7% to $266 million.
International Momentum
International sales grew 19% to $93 million with strong growth in Europe, Australia and Japan; company expects to be live in 11 international markets by year-end vs 4 a year ago; full-year international growth guidance reiterated in the high teens to ~20%.
Gross Margin and Profitability Improvements
Adjusted gross profit rose 12% to $288 million; adjusted gross margin expanded 170 basis points year-over-year to 59.5% in Q2. Company raised full-year gross margin guidance to 57.5%–58% (up ~100 bps vs prior guidance).
Capital Return and Share Repurchases
Executed $130 million in share repurchases in Q2 (2.8 million shares), bringing total repurchases since 2024 to over $600 million; approximately $370 million remained on the repurchase authorization as of July 4, 2026.
Upgraded Full-Year Financial Outlook
Reiterated full-year sales growth guide of 7%–8%; raised 2026 adjusted operating income margin outlook to ~14.9% (up 30 bps vs prior guidance); raised adjusted EPS guidance to $2.94–$3.00 (implying 19%–21% growth).
Operational and Product Momentum
Brand campaign (FOUR Letters) drove broad reach and engagement; product platform expansion (Daytrip insulated bags, Camino family, Roadie 15/8, GoBox) showed strong consumer response and diversification of revenue streams.
Cash Flow and Capex Guidance
Full-year capital expenditure guidance of $60–$70 million and free cash flow guidance of $200–$225 million, supporting continued reinvestment and shareholder returns.
MX:YETI Earnings History
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.
Beat
Missed