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Yeti Holdings (YETI)
NYSE:YETI

Yeti Holdings (YETI) AI Stock Analysis

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YE

Yeti Holdings

(NYSE:YETI)

Rating:73Outperform
Price Target:
$34.00
▲(3.82%Upside)
Yeti Holdings' overall score is driven by strong financial performance and a reasonable valuation, counterbalanced by technical signals indicating potential market challenges. The company's strategic initiatives in supply chain diversification and international growth are promising but are offset by current operational hurdles and a cautious earnings outlook.
Positive Factors
International Sales
International sales remain robust, increasing by 27% excluding a 500-basis-point FX headwind.
Product Innovation
Yeti is harnessing its brand power to extend into new categories like insulated bowls, everyday backpacks, thermal lunch bags and boxes, beach chairs, sports jugs, and electric, portable coolers, which should help ease concerns around the stagnation of the brand.
Negative Factors
Sales Guidance
YETI delivered a 1Q25 beat across the P&L, but lowered 2025 sales guidance due to disruptions related to supply chain diversification efforts which are negatively impacting YETI’s ability to deliver product to market.
Supply Chain Issues
Supply chain diversification efforts are creating supply disruptions, expected to represent a ~300bps headwind to sales, creating supply constraints on new/existing drinkware products.

Yeti Holdings (YETI) vs. SPDR S&P 500 ETF (SPY)

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 generates revenue primarily through the sale of its durable, high-quality outdoor products. The company's revenue model is based on both direct-to-consumer sales via its e-commerce platform and retail stores, and wholesale distribution to authorized retail partners. Key revenue streams include its range of coolers and drinkware, which are the most recognized and popular among its offerings. YETI has established a strong brand presence and leverages this through strategic marketing and brand partnerships to enhance consumer engagement. Additionally, the company benefits from seasonal demand fluctuations, particularly in warmer months, which drive sales of its cooling-related products.

Yeti Holdings Key Performance Indicators (KPIs)

Any
Any
Revenue by Category
Revenue by Category
Analyzes revenue from different product categories, highlighting which segments are driving growth and which may need strategic focus or improvement.
Chart InsightsYETI's Coolers & Equipment segment shows robust growth, maintaining a positive trajectory with consistent double-digit increases, bolstered by strong international sales, particularly in Europe. However, the Drinkware segment faces headwinds, with a recent decline attributed to challenging U.S. market conditions and supply chain shifts. The company's strategic supply chain diversification, moving production out of China, is a double-edged sword, impacting short-term growth but promising long-term resilience. Despite tariff pressures and a cautious sales outlook, YETI's focus on innovation and international expansion underpins its confidence in future growth.
Data provided by:Main Street Data

Yeti Holdings Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q1-2025)
|
% Change Since: 17.26%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. YETI is making significant progress in supply chain diversification and maintaining strong growth in Coolers & Equipment and international markets. However, challenges such as declining drinkware sales, tariff impacts, and supply chain disruptions are causing a cautious outlook for the year.
Q1-2025 Updates
Positive Updates
Coolers & Equipment Growth
Coolers & Equipment sales increased 17% to $140.2 million in Q1, marking the fifth consecutive quarter of double-digit growth in this segment.
International Sales Expansion
Sales outside the U.S. grew 22% to $79.9 million in the first quarter, with all regions seeing growth, especially in Europe.
Supply Chain Diversification Progress
YETI is ahead of plan in moving drinkware production out of China, expecting 90% of U.S. drinkware capacity to be ex-China by the end of 2025.
Strong Financial Position
The company ended the first quarter with $259 million in cash and inventory decreased 9% year-over-year to $330.5 million, reflecting strategic management.
New Product Innovation
YETI plans over 30 new product introductions in 2025, surpassing the 24 new launches in 2024.
Negative Updates
Drinkware Sales Decline
Drinkware sales decreased 4% to $205.6 million in Q1, impacted by challenging U.S. market conditions and supply chain diversification efforts.
Tariff Impact
The expected gross impact from tariffs in 2025 is approximately $100 million, primarily affecting products sourced from China.
Supply Chain Disruptions
YETI faces an approximately 300 basis point impact on growth for the year due to inventory supply disruptions from accelerated supply chain diversification efforts.
Operating Income Decline
Operating income decreased 11% to $35.2 million or 10% of sales, with foreign exchange impacting operating income growth by approximately 600 basis points in Q1.
Reduced Full-Year Guidance
Full year sales are now expected to increase between 1% and 4%, revised down due to supply chain disruptions and potential weaker consumer demand.
Company Guidance
During the YETI Holdings First Quarter 2025 Earnings Conference Call, the company provided guidance for the fiscal year 2025, reflecting both opportunities and challenges. YETI anticipates full-year sales growth between 1% and 4%, a reduction primarily due to the accelerated diversification of their supply chain, which is expected to affect growth by approximately 300 basis points. Gross margins are projected at around 54%, down by 450 basis points from last year, largely driven by tariffs on U.S. imports, with an estimated $100 million gross impact before mitigation efforts. Operating margins are expected to be approximately 12% of sales, reflecting a slight decline of nearly 500 basis points. Additionally, international sales are projected to grow between 15% and 20%, fueled by substantial momentum in Europe and the launch of operations in Japan. Despite current challenges, YETI remains confident in its long-term growth strategy, focusing on product innovation, supply chain transformation, and operational discipline, setting a strong foundation for 2026.

Yeti Holdings Financial Statement Overview

Summary
Yeti Holdings demonstrates strong financial performance with robust revenue growth, efficient cost management, and solid profitability metrics. The company maintains a healthy balance sheet with conservative leverage and strong cash flow generation, providing financial stability and flexibility.
Income Statement
85
Very Positive
Yeti Holdings has demonstrated strong revenue growth over recent years, achieving a CAGR of approximately 13.3% from 2021 to the TTM period ending in March 2025. Gross profit margins have remained robust, consistently above 50%, indicating efficient cost management. Net profit margins have also improved, reaching around 9.6% in the TTM period, which signals enhanced profitability. The EBIT and EBITDA margins are stable at approximately 13.1% and 15.2%, respectively, showcasing operational efficiency. The company displays solid revenue growth with strong profitability metrics.
Balance Sheet
78
Positive
Yeti Holdings maintains a healthy balance sheet with a debt-to-equity ratio of approximately 0.24 in the TTM, suggesting conservative leverage. The equity ratio is strong at around 61.8%, indicating substantial equity financing. Return on equity (ROE) hovered around 23.1% in the TTM period, reflecting effective utilization of shareholders' equity to generate profits. The balance sheet reflects a sound financial structure with manageable debt levels and solid equity backing, but there is room for improvement in increasing return on equity.
Cash Flow
80
Positive
Yeti Holdings exhibits strong cash flow generation, with consistent growth in free cash flow. The free cash flow to net income ratio is approximately 1.22 in the TTM, demonstrating the company's ability to translate earnings into cash. The operating cash flow to net income ratio is robust at 1.61, underscoring efficient cash conversion from operations. Free cash flow growth has been stable, ensuring the ability to fund investments without relying heavily on external financing. The strong cash flow performance underlines financial flexibility and operational cash efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Mar 2022Mar 2021
Income Statement
Total Revenue1.84B1.83B1.66B1.60B1.41B1.09B
Gross Profit1.07B1.06B943.19M763.40M816.11M628.80M
EBITDA278.95M293.51M271.89M160.49M303.82M244.89M
Net Income176.44M175.69M169.88M89.69M212.60M155.80M
Balance Sheet
Total Assets1.24B1.29B1.30B1.08B1.10B737.07M
Cash, Cash Equivalents and Short-Term Investments259.04M358.80M438.96M234.74M312.19M253.28M
Total Debt183.12M172.50M176.11M164.08M186.41M178.51M
Total Liabilities473.60M546.01M573.58M550.29M578.54M448.65M
Stockholders Equity764.26M740.11M723.61M526.48M517.82M288.42M
Cash Flow
Free Cash Flow215.35M219.55M213.12M43.98M80.76M343.48M
Operating Cash Flow284.76M261.39M285.94M100.89M146.52M366.43M
Investing Cash Flow-88.95M-131.45M-72.82M-56.91M-65.76M-22.94M
Financing Cash Flow-112.87M-209.22M-13.60M-122.63M-23.02M-163.19M

Yeti Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price32.75
Price Trends
50DMA
30.38
Positive
100DMA
31.95
Positive
200DMA
35.56
Negative
Market Momentum
MACD
0.45
Negative
RSI
60.10
Neutral
STOCH
86.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Positive. The current price of 32.75 is above the 20-day moving average (MA) of 31.11, above the 50-day MA of 30.38, and below the 200-day MA of 35.56, indicating a neutral trend. The MACD of 0.45 indicates Negative momentum. The RSI at 60.10 is Neutral, neither overbought nor oversold. The STOCH value of 86.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for YETI.

Yeti Holdings Risk Analysis

Yeti Holdings disclosed 50 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

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
$4.47B21.1027.15%1.24%2.07%24.87%
MAMAT
77
Outperform
$6.59B13.1625.50%-0.73%88.76%
73
Outperform
$2.71B15.8025.01%8.38%3.69%
64
Neutral
$327.57M-9.70%4.12%-7.28%-924.86%
61
Neutral
$2.69B13.07-52.57%-0.92%0.80%
56
Neutral
HK$23.37B3.96-1.56%6.69%0.06%-64.88%
55
Neutral
$1.67B-46.00%-1.74%-2020.38%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
YETI
Yeti Holdings
32.75
-4.81
-12.81%
MODG
Topgolf Callaway Brands
9.08
-5.55
-37.94%
GOLF
Acushnet Holdings
76.00
15.05
24.69%
JOUT
Johnson Outdoors
32.04
-0.47
-1.45%
MAT
Mattel
20.42
4.19
25.82%
PRKS
United Parks & Resorts
49.01
-6.33
-11.44%

Yeti Holdings Corporate Events

Executive/Board Changes
Yeti Holdings Board Member Resigns for New Role
Neutral
Jun 30, 2025

On June 26, 2025, Robert A. Katz announced his resignation from YETI Holdings’ Board of Directors, effective June 27, 2025, to concentrate on his role as CEO at Vail Resorts. His departure is amicable, with no disputes or disagreements with YETI’s management or board, and the company expressed gratitude for his contributions.

The most recent analyst rating on (YETI) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Yeti Holdings stock, see the YETI Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Yeti Holdings Elects Directors at Annual Meeting
Neutral
May 6, 2025

On May 1, 2025, YETI Holdings, Inc. conducted its 2025 Annual Meeting of Stockholders, where stockholders elected three Class I directors for a term ending in 2028. Additionally, stockholders approved the executive compensation and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending January 3, 2026.

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.Date of analysis: Jun 28, 2025