Yeti Holdings, Inc. has released its financial results for the fourth quarter and fiscal year ended January 3, 2026. In the fourth quarter of 2025, the company reported a 7% increase in net sales to $583.7 million, with adjusted net sales increasing by 5%. International net sales saw significant growth, increasing by 25%, while drinkware net sales grew by 6%.
Earnings per share (EPS) for the fourth quarter increased by 17% to $0.74 from $0.63. However, adjusted EPS decreased by 8% to $0.92 from $1.00, inclusive of a $0.15 unfavorable net impact from higher tariff costs in the fourth quarter of 2025.
For the full year 2025, net sales and adjusted net sales increased by 2%, driven by a 16% growth in international net sales. Coolers & equipment net sales also grew by 7%. However, EPS decreased by 1% to $2.03 from $2.05, and adjusted EPS decreased by 9% to $2.48 from $2.73, inclusive of a $0.35 unfavorable net impact from higher tariff costs in 2025.
Yeti Holdings, Inc. also reported that it returned nearly $300 million to shareholders in 2025 through share repurchases.
The company's operating cash flow for the full year 2025 was $254.7 million, with free cash flow amounting to $212.1 million. Yeti Holdings, Inc. repurchased 8.2 million shares for $297.6 million during the same period.
Matt Reintjes, President and Chief Executive Officer of Yeti, expressed confidence in the company's strong top and bottom-line results, expecting to generate over $200 million in free cash flow. Reintjes highlighted the company's innovation, brand strengthening globally, and expansion internationally as key factors driving tangible results and providing a significant runway for growth in the future.
In the fourth quarter of 2025, Yeti reported a 7% increase in direct-to-consumer channel sales and a 6% increase in wholesale channel sales. Drinkware sales increased by 6% and coolers & equipment sales increased by 7%. US sales increased by 2%, while international sales and adjusted sales both increased by 25%.
For the full year 2025, direct-to-consumer channel sales increased by 4%, while wholesale channel sales decreased slightly. Drinkware sales decreased by 1%, and coolers & equipment sales increased by 7%. US sales decreased by 1%, and international sales and adjusted sales both increased by 16%.
Gross profit for the full year 2025 increased by 1% to $1,072.7 million, with the gross margin standing at 57.4% of sales. Yeti reported a 5% increase in selling, general, and administrative expenses, which amounted to $859.1 million. Operating income decreased by 13% to $213.6 million, with a net income decrease of 6% to $165.4 million.
Adjusted net income for the full year 2025 decreased by 14% to $202.4 million, with adjusted net income per diluted share decreasing by 9% to $2.48 compared to $2.73 in the prior year period. Adjusted net income per diluted share in the current year period included an unfavorable net impact from higher tariff costs of approximately $0.35.
As a result of these announcements, the company's shares have moved 2.9% on the market, and are now trading at a price of $50.77. For the full picture, make sure to review YETI's 8-K report.
