YETI Holdings, Inc. (YETI) SEC Filings & Earnings Calls

Execution risk on long-term growth targets; consumer discretionary spending sensitivity.

“Long-term financial framework through FY2030 is aspirational and subject to macroeconomic conditions.”

Tariff cost pressure partially offset by refunds; ongoing tariff uncertainty

“Higher year-over-year tariff costs incurred during the quarter had a 110 basis point unfavorable impact on gross margins”

Consumer environment described as 'uneven'

“In an uneven consumer environment, demand across our product platforms remained strong” · word for word

Tariff Risk Persists

“If current tariff levels persist or worsen, we expect they will continue to have a negative impact on our gross margins and results of operations.” · word for word

Cash Burn from Share Repurchases

“Cash decreased from $188.3M to $59.8M, driven by $130M in share repurchases.”

SG&A Inflation

“SG&A as a % of net sales increased 340 basis points to 47.3%.”

Tariff cost pressure on gross margin

“higher tariff costs, which unfavorably impacted gross margin by 280 basis points” · word for word

Uncertainty around IEEPA tariff refunds

“We estimate that we have paid approximately $66.5 million in tariffs under the IEEPA. The IEEPA tariff refunds may be subject to taxes and other adjustments or cause us to incur additional costs. Given the uncertainties, as of April 4, 2026, we determined that potential recovery of any funds was not probable.” · word for word

Corporate Sales decline

“This strength was offset by a decline in Corporate Sales, reflecting cautious purchasing behavior as well as a challenging growth compare in the prior year quarter.” · word for word

Tariff cost pressure impacting gross margin and operating income.

“Gross margin decreased 210 basis points to 55.3%. The decrease in gross margin included a 280 basis point unfavorable impact from higher tariff costs.” · word for word

Corporate Sales decline acting as a drag on DTC channel.

“This strength was offset by a decline in global Corporate Sales.” · word for word

Tariff Cost Pressure

“The 120 basis points decrease in gross margin included a 230 basis point unfavorable impact from higher tariff costs.” · word for word

Supply Chain Concentration

“Most of our products are produced in countries that are subject to these tariffs.” · word for word

Activist Engagement Uncertainty

“On March 14, 2025, we entered into a Cooperation Agreement (the “Cooperation Agreement”) with Engaged Capital and certain of its affiliates.” · word for word

Tariff cost pressure on gross margin

“higher tariff costs, which unfavorably impacted gross margin by 320 basis points” · word for word

Supply chain disruption from manufacturing diversification

“These accelerated diversification efforts have caused short-term supply chain disruptions, which have impacted our ability to source certain products. As a result, we have experienced inventory constraints that have adversely impacted sales in 2025” · word for word

Promotional market environment in Drinkware

“reflecting a promotional market environment” · word for word

Tariff costs significantly impacting margins; 320bps headwind in Q3.

“320 basis point unfavorable impact from higher tariff costs” · word for word

Drinkware segment declining (-4%) in a promotional environment with inventory constraints.

“Drinkware sales decreased 4%... reflecting a promotional market environment and inventory constraints driven by our supply chain transition”

US sales declining (-1%) with cautious wholesale buying environment.

“Sales in the US decreased 1%... cautious wholesale buying and consumer environment”