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. YETI saw exceptionally strong US consumer sell-through demand across both Drinkware and Coolers & Equipment. We delivered robust top‑ and bottom‑line execution that was broad‑based across categories and channels. The response to the YETI brand and our continued pace of innovation fueled overall double-digit sales growth in Coolers & Equipment along with a mid-single digit growth in Drinkware, including a return to growth in the US Drinkware business. Overall, our global wholesale channel grew 19% on the back of continued strength in consumer demand and demand from our partners for our expanding innovation. While particularly cautious ordering from our corporate partners across all global regions was a meaningful growth drag in the quarter, our results reflect the strength of our broader Direct-to-consumer channels in both Drinkware and Coolers & Equipment."

Mr. Reintjes continued, "As we look forward, we are driving our strategic growth initiatives reaching new, large audiences of global enthusiasts, delivering core category expansion while scaling proven adjacencies and entering global markets with strong economics. The investments we've made over twenty years of building YETI show up in earned, repeatable and disciplined growth supported by innovation, supply chain flexibility, and broadening global capabilities. We are incredibly excited about the opportunities in front of us."