The earnings call presented a mixed picture with strong international growth, successful product launches, and a strategic supply chain transformation. However, these positives were balanced by declining sales, cautious consumer spending, and challenges in wholesale channels. The company raised its EPS outlook but faced ongoing tariff impacts and inventory constraints.

Company Guidance -

Q3 2025

During the YETI Holdings Second Quarter 2025 Earnings Conference Call, the company provided updated guidance for the fiscal year. They expect full-year sales to be flat to up 2% compared to fiscal 2024, with a noted 300 basis point impact due to supply chain disruptions. The Drinkware category is projected to range from flat to down low single digits, while international sales are anticipated to grow between 15% and 20%. Operating income is forecasted to be between 14% and 14.5% of adjusted sales, influenced by a 220 basis point tariff impact. Additionally, YETI revised its adjusted EPS outlook to between $2.34 and $2.48, up from the prior range of $1.96 to $2.02, driven by lower than expected tariff costs from China. Capital expenditures have been adjusted to approximately $50 million, down from an earlier estimate of $60 million, primarily due to changes in accounting treatment.

Strong International Expansion

Sales outside the U.S. grew 2% to $78.1 million, driven by strong growth in Europe and expansion efforts in Japan. The company plans to continue its international growth strategy.

Product Innovation and Launch Success

YETI launched new products, including the Cayo backpack and Daytrip coolers, generating strong early traction. The company is on track to exceed its target of launching 30 new products in the fiscal year.

Supply Chain Transformation

YETI is making significant progress in diversifying its supply chain, with less than 5% of cost of goods sold exposed to U.S. tariffs on goods sourced from China by year-end.

Increased EPS Outlook

The EPS outlook was raised due to operating discipline and tariff relief, despite a modest adjustment to top-line expectations.

Strong Cash Position and Share Repurchase

YETI ended the quarter with $269.7 million in cash and repurchased 745,000 shares for $23 million. The company plans to repurchase $200 million worth of shares during fiscal 2025.

Yeti Holdings (YETI) Earnings, Revenues Date & History

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YETI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.59 / -	0.71	―	―	―
Aug 07, 2025	2025 (Q2)	0.55 / 0.66	0.7	-5.71% (-0.04)
May 08, 2025	2025 (Q1)	0.27 / 0.31	0.34	-8.82% (-0.03)
Feb 13, 2025	2024 (Q4)	0.93 / 1.00	0.9	11.11% (+0.10)
Nov 07, 2024	2024 (Q3)	0.67 / 0.71	0.6	18.33% (+0.11)
Aug 08, 2024	2024 (Q2)	0.64 / 0.70	0.57	22.81% (+0.13)
May 09, 2024	2024 (Q1)	0.24 / 0.34	0.18	88.89% (+0.16)
Feb 15, 2024	2023 (Q4)	0.96 / 0.90	0.78	15.38% (+0.12)
Nov 09, 2023	2023 (Q3)	0.55 / 0.60	0.63	-4.76% (-0.03)
Aug 10, 2023	2023 (Q2)	0.47 / 0.57	0.63	-9.52% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

YETI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$36.43	$32.66	-10.35%
May 08, 2025	$27.93	$29.61	+6.02%
Feb 13, 2025	$37.91	$37.58	-0.87%
Nov 07, 2024	$36.13	$38.87	+7.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.