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1. Company Snapshot

1.a. Company Description

YETI Holdings, Inc.designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand.The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories.


It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes.It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website.


The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan.YETI Holdings, Inc.was founded in 2006 and is headquartered in Austin, Texas.

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1.b. Last Insights on YETI

YETI Holdings, Inc.'s recent performance was negatively impacted by several factors. Despite strong Q4 earnings, with net sales increasing 7% and adjusted net sales increasing 5%, the company's growth appears to be slowing. Institutional investors, such as Crossmark Global Holdings Inc., reduced their holdings in the company, cutting its stake by 16.6%. Additionally, the company's drinkware net sales increased 6% during Q4, but international net sales growth may not be sustainable. YETI's CFO transition may also raise concerns about leadership stability.

1.c. Company Highlights

2. YETI Holdings' Strong Q4 2025 Earnings: A Closer Look

YETI Holdings reported a robust Q4 2025, with adjusted net sales growing 5% year-over-year to $583.7 million, driven by a 6% increase in drinkware sales and a 25% surge in international sales. The company's adjusted gross profit margin stood at 58.4%, down 180 basis points due to higher tariff costs. Adjusted earnings per diluted share (EPS) came in at $0.92, beating estimates of $0.88.

Publication Date: Feb -22

📋 Highlights
  • Strong International Growth:: International sales surged 25% to $136M in Q4, representing 23% of total sales, driven by Europe and Australia.
  • Share Repurchase Execution:: $125M in Q4 share repurchases, totaling $300M annually, reflecting disciplined capital allocation.
  • Drinkware Dominance:: Drinkware sales rose 6% to $380M, fueled by innovation and global demand, despite supply constraints in Coolers & Equipment.
  • 2026 Guidance:: Full-year sales growth projected at 6-8%, with EPS expected to grow 12-14% to $2.77-$2.83 and free cash flow of $200M-$225M.
  • CFO Transition:: Scott Bomar appointed as new CFO, bringing extensive finance expertise from Home Depot, effective February 23.

Segment Performance

The company's drinkware segment grew 6% to $380 million, fueled by innovation and strong international demand. Coolers & Equipment sales rose 2% to $192 million, despite supply constraints. Direct-to-consumer sales increased 5% to $394 million, while wholesale sales grew 6% to $189 million. International sales jumped 25% to $136 million, representing 23% of Q4 sales.

Guidance and Outlook

For 2026, YETI expects net sales growth between 6% and 8%, driven by its innovation pipeline and expanding global reach. The company anticipates high-single-digit to low-double-digit growth in coolers and equipment, with mid-single-digit growth in drinkware. International growth is expected to be in the high teens to 20% range, while U.S. growth is projected to be in the low mid-single-digit range.

Tariff Impact and Cost Efficiency

YETI expects an incremental $0.35 headwind from tariffs in 2026, mainly due to the annualization of last year's tariffs. However, the company is driving cost efficiency and top-line growth, with plans to realize operating expense leverage in 2026. The company has also moved some drinkware production out of China to the U.S. to mitigate tariff impacts.

Valuation Metrics

With a P/E Ratio of 22.14 and an EV/EBITDA of 16.05, YETI's valuation multiples suggest that the market is pricing in moderate growth expectations. The company's ROE of 22.66% and ROIC of 17.4% indicate strong profitability. Analysts estimate next year's revenue growth at 7.1%, which is within the company's guided range. As the company continues to expand its global presence and drive innovation, its valuation metrics will be closely watched to determine if the current multiples are justified.

3. NewsRoom

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Congress Asset Management Co. Buys 59,474 Shares of YETI Holdings, Inc. $YETI

Mar -24

Source: defenseworld.net

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Victory Capital Management Inc. Has $26.94 Million Position in YETI Holdings, Inc. $YETI

Mar -10

Source: defenseworld.net

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YETI Holdings, Inc. $YETI Holdings Boosted by Cresset Asset Management LLC

Mar -08

Source: defenseworld.net

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YETI Holdings, Inc. $YETI Shares Sold by Crossmark Global Holdings Inc.

Mar -07

Source: defenseworld.net

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Elo Mutual Pension Insurance Co Purchases New Shares in YETI Holdings, Inc. $YETI

Mar -07

Source: defenseworld.net

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YETI Holdings, Inc. Announces Participation in Upcoming Investor Conferences

Mar -03

Source: globenewswire.com

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These Analysts Increase Their Forecasts On Yeti After Strong Q4 Results

Feb -20

Source: benzinga.com

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Here Are Friday’s Top Wall Street Analyst Research Calls: Amgen, ETSY, Eldorado Gold, GE Aerospace, Merck, Southern Company, Walmart, Yeti, and More

Feb -20

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.21%)

6. Segments

Drinkware

Expected Growth: 7%

YETI Holdings, Inc.'s Drinkware segment growth is driven by increasing outdoor recreation participation, premium product demand, and expanding distribution channels. Strong brand recognition, innovative products, and strategic marketing efforts also contribute to the 7% growth. Additionally, the trend towards sustainability and eco-friendliness supports the demand for YETI's high-quality, durable, and environmentally responsible drinkware products.

Coolers & Equipment

Expected Growth: 5%

YETI Holdings, Inc.'s Coolers & Equipment segment growth is driven by increasing outdoor recreation participation, premium product demand, and expanding distribution channels. Additionally, innovative product launches, strategic marketing efforts, and a strong brand reputation contribute to the 5% growth rate.

Other

Expected Growth: 4%

YETI Holdings' 'Other' segment growth is driven by increasing demand for its drinkware and outdoor products, expansion into new markets, and strategic partnerships. The company's focus on innovation, quality, and customer experience has led to strong brand loyalty and repeat business. Additionally, YETI's e-commerce platform and retail store expansion have contributed to the segment's growth.

7. Detailed Products

Coolers

YETI's coolers are designed to keep ice for days, with a focus on durability, portability, and ease of use.

Drinkware

YETI's drinkware products, such as tumblers and bottles, are designed to keep drinks hot or cold for hours.

Soft Coolers

YETI's soft coolers are lightweight, flexible, and easy to carry, making them perfect for short trips or daily use.

Bags and Packs

YETI's bags and packs are designed for outdoor enthusiasts, with durable materials and clever storage solutions.

Camp and Outdoor

YETI's camp and outdoor products, such as camping chairs and tables, are designed for comfort and durability.

8. YETI Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

YETI Holdings, Inc. has a low threat of substitutes due to its strong brand recognition and high-quality products, making it difficult for substitutes to enter the market.

Bargaining Power Of Customers

YETI Holdings, Inc. has a medium bargaining power of customers due to the presence of a large customer base, but the company's strong brand loyalty and premium pricing strategy mitigate this power.

Bargaining Power Of Suppliers

YETI Holdings, Inc. has a low bargaining power of suppliers due to its large scale of operations and diversified supplier base, giving it negotiating power over suppliers.

Threat Of New Entrants

YETI Holdings, Inc. has a medium threat of new entrants due to the presence of barriers to entry, such as high capital requirements and brand recognition, but the outdoor and recreation industry is attractive to new entrants.

Intensity Of Rivalry

YETI Holdings, Inc. operates in a highly competitive industry with many established players, leading to a high intensity of rivalry among competitors.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 11.77%
Debt Cost 3.95%
Equity Weight 88.23%
Equity Cost 15.18%
WACC 13.86%
Leverage 13.34%

11. Quality Control: YETI Holdings, Inc. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Quality: 7.5

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

36.36$

Current Price

36.36$

Potential

-0.00%

Expected Cash-Flows