Outdoor products maker Yeti misses Q3 sales estimates; cuts FY forecast
YETI•YETI•YETI•YETI•Yeti's third-quarter sales rose 4% to $509.4 million, missing estimates of $523.04 million, while adjusted EPS of $0.91 beat estimates of $0.84. The company cut its 2026 adjusted sales growth outlook to about 6% and its adjusted EPS forecast to $2.90-$2.95.
Yeti reported third-quarter sales of $509.4 million, up 4% year over year and below the $523.04 million consensus estimate. Adjusted EPS rose 49% to $0.91, beating estimates of $0.84. Drinkware sales increased 8%, international sales rose 19%, and wholesale sales climbed 19%, offsetting a 6% decline in direct-to-consumer sales.
Yeti lowered its 2026 adjusted sales growth forecast to about 6%, from 7% to 8%, and cut its adjusted EPS outlook to $2.90-$2.95, from $2.94-$3.00. The company said it expects a cautious consumer environment to pressure fourth-quarter demand. Gross margin expanded 180 basis points, and Yeti repurchased 0.5 million shares for $20 million during the quarter.
