YETI reports $509.4M in Q3 revenue, up 4%, trims annual forecast

YETI Holdings (NYSE:YETI) reported third-quarter 2026 net sales of $509.4 million, up 4%, while lowering its full-year adjusted sales and earnings outlook.

Reported sales missed analysts' approximately $523 million estimate, while adjusted sales rose 6% to $517.9 million and adjusted diluted EPS increased 49% to $0.91, above the $0.84 analyst consensus.

YETI lowered its 2026 adjusted sales growth forecast to approximately 6% from 7%–8% and adjusted EPS guidance to $2.90–$2.95 from $2.94–$3, while maintaining its 14.9% adjusted operating margin and $200 million–$225 million free cash flow outlook

Following the announcement, YETI shares fell approximately 14% in premarket trading from the November 11 closing price of $42.79.

Gross margin also expanded 180 basis points to 57.7%, net income increased 13% to $44.4 million, wholesale sales rose 19% to $237.3 million, and direct-to-consumer sales declined 6% to $272.2 million.

International sales increased 19% to $119.1 million and U.S. sales rose 1% to $390.3 million, while YETI repurchased approximately 500,000 shares for $20 million and expanded its Asian presence through new stores in Japan and Korea and a marketplace launch in China.