YETI cuts its 2026 adjusted sales outlook to about 6%
Chief Executive Matt Reintjes said a cautious consumer environment is expected to put pressure on fourth-quarter demand. The company also lowered its adjusted earnings outlook.
By Marcus Rodriguez ·
Why it matters: YETI also lowered its outlook for adjusted operating income growth to 7% to 9%, from 10% to 12%, after a quarter in which direct-to-consumer sales decreased 6%.
For information only, not investment advice. Prices delayed.
Tickers: YETI
YETI Holdings, Inc. ($YETI) now expects 2026 adjusted sales to grow approximately 6%, down from a previous range of 7% to 8%, reflecting a more cautious consumer environment through the rest of the year.1
Chief Executive Matt Reintjes said consumers appear to be increasingly selective around discretionary purchases and that the company is taking a more cautious view of demand through the balance of the year. He said, "Looking ahead, we anticipate the consumer environment will remain cautious and put pressure on demand in Q4."1
YETI now expects adjusted net income per diluted share of $2.90 to $2.95, compared with $2.94 to $3.00 previously.1 It also lowered its outlook for adjusted operating income growth to 7% to 9%, from 10% to 12%, and left unchanged its outlook for free cash flow of approximately $200 million to $225 million.1
For the third quarter ended October 3, 2026, sales increased 4% to $509.4 million. Adjusted sales, which exclude the current-period impact of adjustments to 2023 product recall reserves, increased 6% to $517.9 million.1
Drinkware sales increased 8%, and international sales increased 19%. Direct-to-consumer sales decreased 6%.1
Sources
- YETI Reports Third Quarter 2026 Results, YETI Holdings, Inc.
Tags: earnings · guidance · retail-consumer