YETI’s (YETI) Brand Machine Keeps Growing, But Cash Is Draining Fast
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.







