YETI Holdings Reports 9% Increase in Net Sales and 25% Rise in Gross Profit for Q2 2026

YETI Holdings, Inc. reported a notable increase in financial performance for the second quarter of 2026, with net sales reaching $483.9 million, a 9% rise from $445.9 million in the same period last year. The company's gross profit also saw a significant increase, climbing 25% to $322.5 million, resulting in a gross margin of 66.7%, up from 57.8% in the prior year. This improvement in profitability was attributed to the recognition of IEEPA tariff refunds, which positively impacted gross margins, as well as selective price increases and favorable foreign currency exchange rates.

In comparison to the previous fiscal period, YETI's net income for the three months ended July 4, 2026, was $71.3 million, or $0.94 per diluted share, compared to $51.2 million, or $0.61 per diluted share, for the same period in 2025. For the first half of 2026, net income totaled $81.2 million, reflecting an increase from $67.8 million in the prior year. The company's selling, general, and administrative (SG&A) expenses also rose, totaling $229 million for the quarter, driven by higher distribution and fulfillment costs, increased marketing expenses, and investments in headcount.

YETI has continued to expand its product offerings, launching several new items in both the Drinkware and Coolers & Equipment categories during the first half of 2026. Notable introductions included the Rambler Water Bottle with Flip Chug Cap and the Roadie 8 cooler. The company has also seen growth in its direct-to-consumer (DTC) channel, with sales increasing to $265.9 million, supported by strong performance on its Amazon Marketplace and YETI retail stores. The wholesale channel also contributed to growth, with net sales rising to $218 million, reflecting healthy consumer demand.

Operationally, YETI's international sales increased by 19% to $92.9 million, driven by strong growth in Europe and Australia. The company reported a total cash balance of $59.8 million as of July 4, 2026, down from $188.3 million at the beginning of the year, primarily due to increased stock repurchases and investments in inventory. YETI's share repurchase program remains active, with approximately $370 million available for future repurchases. Looking ahead, the company anticipates continued growth, although it remains cautious about macroeconomic factors such as inflation and potential impacts from ongoing tariffs.