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Yeti Holdings (YETI)
NYSE:YETI
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Yeti Holdings
(NYSE:YETI)
Select Model
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Rating:69Neutral
Price Target:
$39.00
▲(17.54% Upside)
Yeti Holdings' overall score reflects strong financial health and strategic international growth, countered by recent sales declines and challenges in key segments. The stock's valuation is reasonable, but technical indicators suggest caution in the short term.
Positive Factors
International Expansion
YETI's growth in Europe and Japan strengthens its global market presence, diversifying revenue streams and reducing reliance on domestic markets.
Supply Chain Transformation
Reducing exposure to U.S. tariffs from China enhances operational resilience and cost efficiency, supporting long-term profitability.
Increased Free Cash Flow Guidance
Improved free cash flow outlook indicates strong financial management and provides flexibility for strategic investments and shareholder returns.
Negative Factors
Sales Decrease
Declining sales highlight potential demand challenges and macroeconomic pressures, which could impact future revenue growth and market position.
Drinkware Sales Decline
The decline in a key product segment suggests competitive pressures and market saturation, potentially affecting overall brand performance.
Wholesale Channel Challenges
Challenges in wholesale channels indicate inventory management issues and a tough retail environment, impacting distribution efficiency and sales.
Yeti Holdings (YETI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.77B
Dividend YieldN/A
Average Volume (3M)1.53M
Price to Earnings (P/E)16.3
Beta (1Y)1.17
Revenue Growth3.63%
EPS Growth-2.60%
CountryUS
Employees1,340
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.66
Shares Outstanding81,224,220
10 Day Avg. Volume1,470,942
30 Day Avg. Volume1,529,166
Financial Highlights & Ratios
PEG Ratio3.39
Price to Book (P/B)4.52
Price to Sales (P/S)1.83
P/FCF Ratio15.22
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue1.35
Enterprise Value/Gross Profit2.31
Enterprise Value/Ebitda8.58
Forecast
1Y Price Target
$37.00Price Target Upside11.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Yeti Holdings Business Overview & Revenue Model
Company DescriptionYETI 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.
How the Company Makes MoneyYeti Holdings generates revenue primarily through the sale of its high-quality coolers, drinkware, and outdoor gear. The company operates a direct-to-consumer model through its e-commerce platform and retail stores, alongside a robust wholesale distribution network that includes partnerships with various outdoor and sporting goods retailers. Key revenue streams include seasonal product launches, collaborations with influencers in the outdoor space, and premium pricing strategies that reflect the quality and brand reputation of its products. YETI also benefits from brand loyalty and a strong community of outdoor enthusiasts, which helps to drive repeat purchases and enhance customer lifetime value.
Yeti Holdings Key Performance Indicators (KPIs)
Any
Revenue by Category
Analyzes revenue from different product categories, highlighting which segments are driving growth and which may need strategic focus or improvement.
Analyzes revenue from different product categories, highlighting which segments are driving growth and which may need strategic focus or improvement.
Data provided by:
Main Street Data
Main Street DataYeti Holdings Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Neutral
The earnings call revealed a mixed performance for YETI, with significant achievements in international expansion and supply chain transformation. However, these positives were countered by declines in overall sales and specific challenges in the Drinkware segment and wholesale channels. The company's strategic initiatives and partnerships show promise for future growth, but current market conditions and macroeconomic factors present ongoing challenges.Q2-2025 Updates
Positive Updates
International Expansion Success
YETI's international sales grew by 2% to $78.1 million, driven by strong performance in Europe and expansion in Japan, marking significant progress in the company's global strategy.
Bags and Packs Momentum
The bags and packs category showed remarkable growth, with products like the Camino tote experiencing a surge in demand and selling out across channels, indicating strong consumer interest and market potential.
Supply Chain Transformation
YETI is on track with its accelerated supply chain diversification strategy, expecting less than 5% of goods to be exposed to U.S. tariffs from China by year-end, enhancing resilience and operational efficiency.
Successful Strategic Partnerships
YETI announced a strategic partnership with Fanatics, expanding its presence in sports and introducing team color Drinkware and coolers for NFL, MLB, NHL, and NCAA programs.
Increased Free Cash Flow Guidance
YETI raised its free cash flow guidance for 2025 to between $150 million and $200 million, up from a prior outlook of $100 million to $125 million, reflecting strong financial management.
Negative Updates
Sales Decrease
Overall sales for Q2 2025 decreased by 4% to $445.9 million, driven by cautious consumer spending and retailer inventory management amid macroeconomic uncertainties.
Drinkware Sales Decline
Drinkware sales fell by 4% to $236.4 million, impacted by a promotional market environment and inventory constraints due to ongoing supply chain transitions.
Wholesale Channel Challenges
Wholesale sales decreased by 7% year-over-year, with declines in both U.S. and international regions, attributed to inventory management by retail partners and a challenging market environment.
Adjusted Operating Income Decline
Adjusted operating income decreased by 9% to $73.2 million, with a 7% decline in net income, mainly due to higher tariff costs and macroeconomic pressures.
Company Guidance
During the YETI Holdings Second Quarter 2025 Earnings Conference Call, the company provided guidance reflecting a modest adjustment in top-line expectations due to a prolonged recovery in the U.S. Drinkware market. Despite a 4% decrease in Q2 sales to $445.9 million, YETI is optimistic about its long-term strategy, with plans to open an Asia-based innovation center in Thailand and launch over 30 new products this fiscal year. The company anticipates flat to 2% sales growth for the full year, driven by a robust innovation pipeline and strengthened international performance, particularly in Europe and Japan. Gross margins are expected to range between 56.5% and 57%, with a $40 million impact from tariffs, while EPS guidance has been raised to between $2.34 and $2.48. YETI also plans to repurchase approximately $200 million in shares during fiscal 2025, supported by an improved free cash flow outlook of $150 million to $200 million.Yeti Holdings Financial Statement Overview
Summary
Yeti Holdings demonstrates strong profitability with healthy margins and a stable financial position. However, the negative revenue growth in the TTM is a concern, indicating potential challenges in sustaining growth.Income Statement
Yeti Holdings shows strong profitability with a consistent gross profit margin around 58% and a net profit margin near 10% over the TTM. However, the revenue growth rate has turned negative in the TTM, indicating a potential slowdown. EBIT and EBITDA margins remain healthy, reflecting efficient operations despite the revenue decline.75
Positive
Balance Sheet
The company's balance sheet is stable with a low debt-to-equity ratio of 0.22 in the TTM, suggesting conservative leverage. Return on equity is robust at 23%, indicating effective use of equity capital. The equity ratio is not explicitly provided, but the overall financial structure appears solid.70
Positive
Cash Flow
Yeti Holdings has demonstrated positive free cash flow growth of 7% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is strong at 0.88, suggesting good cash conversion. However, the free cash flow to net income ratio is slightly lower at 0.80, which could be improved.68
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.82B | 1.83B | 1.66B | 1.60B | 1.41B | 1.09B |
| Gross Profit | 1.06B | 1.06B | 943.19M | 763.40M | 816.11M | 628.80M |
| EBITDA | 286.70M | 293.51M | 273.32M | 160.49M | 307.01M | 244.77M |
| Net Income | 177.20M | 175.69M | 169.88M | 89.69M | 212.60M | 155.80M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.29B | 1.30B | 1.08B | 1.10B | 737.07M |
| Cash, Cash Equivalents and Short-Term Investments | 269.67M | 358.80M | 438.96M | 234.74M | 312.19M | 253.28M |
| Total Debt | 176.98M | 172.50M | 176.11M | 164.08M | 186.41M | 178.51M |
| Total Liabilities | 500.31M | 546.01M | 573.58M | 550.29M | 578.54M | 448.65M |
| Stockholders Equity | 802.73M | 740.11M | 723.61M | 526.48M | 517.82M | 288.42M |
Cash Flow | ||||||
| Free Cash Flow | 230.59M | 219.55M | 213.12M | 43.98M | 80.76M | 343.48M |
| Operating Cash Flow | 290.00M | 261.39M | 285.94M | 100.89M | 146.52M | 366.43M |
| Investing Cash Flow | -90.10M | -131.45M | -72.82M | -56.91M | -65.76M | -22.94M |
| Financing Cash Flow | -143.78M | -209.22M | -13.60M | -122.63M | -23.02M | -163.19M |
Yeti Holdings Technical Analysis
Negative
33.18
Price Trends
35.43
Negative
33.44
Negative
34.22
Negative
Market Momentum
-0.31
Positive
39.17
Neutral
16.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Negative. The current price of 33.18 is below the 20-day moving average (MA) of 35.13, below the 50-day MA of 35.43, and below the 200-day MA of 34.22, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 16.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YETI.
Yeti Holdings Risk Analysis
Yeti Holdings disclosed 51 risk factors in its most recent earnings report. Yeti Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Yeti Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $4.69B | 20.98 | 0.03% | 1.15% | 3.83% | 28.57% | |
69 Neutral | $2.77B | 16.28 | 23.49% | ― | 3.63% | -2.60% | |
66 Neutral | $2.11B | 31.17 | 12.98% | 0.78% | 8.51% | 31.24% | |
64 Neutral | $421.28M | -10.57 | -8.77% | 3.22% | -3.56% | -407.47% | |
64 Neutral | $2.92B | 14.23 | -53.58% | ― | -1.43% | -2.50% | |
51 Neutral | $1.80B | -1.20 | -60.04% | ― | -2.35% | -7104.57% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
YETI
Yeti Holdings
33.84
-6.91
-16.96%
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20.88%
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United Parks & Resorts
53.09
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.