YETI Sees 7% Q4 Sales Gain, $124.9M Buybacks and $200M+ FCF Forecast
YETI’s Q4 net sales rose 7% to $583.7 million while adjusted net sales climbed 5%, driven by 25% international growth and a 6% increase in drinkware revenue. EPS jumped 17% to $0.74, the company repurchased $124.9 million of shares, and forecasts over $200 million in free cash flow for 2026.
1. Q4 Financial Performance
YETI reported net sales of $583.7 million in the fourth quarter, up 7% year-over-year, and adjusted net sales increased 5% excluding prior-year recall reserves. International net sales jumped 25% to $135.9 million and drinkware sales rose 6%, driving EPS up 17% to $0.74 despite a $0.15 per share tariff headwind.
2. Full Year 2025 Results
For fiscal 2025, YETI’s net and adjusted net sales both climbed 2%, led by a 16% increase in international revenue and 7% growth in coolers & equipment. GAAP EPS dipped 1% to $2.03 and adjusted EPS fell 9% to $2.48, with tariffs shaving $0.35 off per share, while operating cash flow reached $254.7 million and free cash flow totaled $212.1 million.
3. Share Repurchase Program
During the year YETI returned nearly $300 million to shareholders through buybacks, repurchasing 3.1 million shares for $124.9 million in Q4 and 8.2 million shares for $297.6 million over the full year.
4. 2026 Outlook and Strategy
YETI forecasts more than $200 million in free cash flow for fiscal 2026, underpinned by global brand expansion, product innovation such as the Yonder shaker bottle, and a diversified supply chain designed to boost speed to market and resilience.