Why Yeti Stock Swooned in August

YETI Holdings reported Q2 2026 sales of $484M, up 9% YoY, with growth across all categories. Gross margin expanded to 59.5%, and full-year guidance was raised. However, operating expenses grew 19%, reducing adjusted operating income by 7% and cash reserves by $210M. Management cited tariffs, inflation, and rising costs as challenges. Shares trade at a forward P/E of 15.77.

YETI reported Q2 2026 net sales of $483.9M, up 9%, driven by demand across categories. Coolers & Equipment sales rose 16%, while Drinkware grew 2%. Adjusted EPS was $0.67, up 2%. The company raised full-year EPS guidance to $2.94-$3.00. Management noted inflationary pressures and U.S. Drinkware sales headwinds, but expects international growth to continue.

YETI Holdings reported Q2 EPS of 67 cents, above the 55-cent consensus, while sales were $483.868 million, slightly below the $483.890 million estimate. For FY2026, adjusted EPS guidance was raised to $2.94-$3.00, but sales guidance was lowered to $1.967-$1.985 billion. Pre-market shares fell 3.9% to $4.23. Analysts adjusted price targets after results.

YETI reported Q2 CY2026 revenue of $483.9 million, up 8.5% year on year and slightly above analysts’ $483.2 million estimate. Non-GAAP EPS was $0.67, above the $0.55 consensus. Management raised full-year Adjusted EPS guidance to $2.97 (midpoint) and said margins should keep improving, while citing consumer caution and ongoing inflationary supply chain pressures.

YETI shares (NYSE: YETI) fell about 12.7% after the company reported Q2 2026 results. Adjusted EPS was $0.67 vs $0.54 expected, and revenue rose 9% to $483.9 million. YETI raised full-year adjusted EPS guidance to $2.94–$3.00, but investors focused on tariff-refund benefits and slower direct-to-consumer growth. Shares closed at $45.47.

YETI shares fell about 13% Thursday after mixed Q2 results. Sales rose 9% and met expectations, while EPS rose 54% and beat forecasts, aided by a $0.40 tariff-related benefit. YETI said adjusted operating income fell 7% and adjusted SG&A rose 19%. It reiterated 2026 revenue growth of 7% to 8% and raised EPS guidance to $2.97 from $2.86 midpoint.