YETI Holdings Reports Q1 2025 Earnings Growth Amid Challenges

Yeti Holdings ( (YETI) ) has released its Q1 earnings. Here is a breakdown of the information Yeti Holdings presented to its investors.

YETI Holdings, Inc., headquartered in Austin, Texas, is a global designer, retailer, and distributor of innovative outdoor products, known for its high-quality coolers, drinkware, and bags catering to diverse outdoor pursuits.

In the first quarter of 2025, YETI Holdings reported a 3% increase in net sales, reaching $351.1 million, despite facing foreign exchange headwinds. The company also saw an 11% rise in earnings per share, although adjusted earnings per share decreased by 9% due to currency impacts.

Key financial highlights include a 17% growth in Coolers & Equipment sales, offsetting a 4% decline in Drinkware sales. U.S. sales decreased by 2%, while international sales surged by 22%. Gross profit improved by 4%, with a slight increase in gross margin, while operating income fell by 16% due to higher SG&A expenses.

Looking ahead, YETI is focused on supply chain diversification to reduce reliance on China, aiming for less than 5% of U.S. market goods sourced from China by the end of 2025. Despite tariff challenges, the company remains committed to innovation and global expansion, supported by a strong balance sheet and cash flow generation.