Yeti raises 2026 adjusted EPS outlook to $2.94-$3.00, up from $2.83-$2.89
Company maintains 2026 sales growth forecast of 7% to 8%
Yeti increases 2026 adjusted operating income margin forecast to 14.9% from 14.6%
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for YETI Holdings, Inc. is $53.50, about 5.2% above its August 12 closing price of $50.84
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago
Quarterly sales and profit beat estimates
U.S. outdoor products maker's Q2 sales rose 9%, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company repurchased $130 mln in shares during the quarter
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Growth drivers in coolers, equipment and international sales
Coolers & Equipment growth - Sales in Coolers & Equipment rose 16%, driven by strong performance in bags, soft coolers, cases & storage, and outdoor living
International sales - International sales grew 19%, led by Europe and Australia, reflecting increased brand awareness and demand across key markets
Tariff refund impact - Net tariff refund under IEEPA boosted gross profit and margins, with a $42.6 mln benefit recognized as a reduction of cost of goods sold
YETI•
