Yeti Projects Steady Growth Through 2030

By Bobby Samwell • Thursday, September 17 13:03 • Permanent Link

Yeti Holdings used its 2026 investor day to lay out a longer-range financial plan that calls for steady top-line growth and faster earnings expansion through fiscal 2030.

The company said it expects annual net sales growth in the mid-single-digit to high-single-digit range over that period, with adjusted operating income growth in the high-single-digit to low-double-digit range and adjusted EPS growth in the low-double-digit to high-teens range. It also projected cumulative free cash flow of $1.2 billion to $1.4 billion over the five-year period ending in fiscal 2030.

For fiscal 2026, Yeti reiterated guidance for sales growth of 7% to 8% and adjusted operating income growth of 10% to 12%. The company kept its adjusted operating income margin target at 14.9% and its adjusted EPS outlook at $2.94 to $3.00. It also maintained its free cash flow forecast at $200 million to $225 million, with capital expenditures of $60 million to $70 million and diluted weighted average shares outstanding of 75.4 million.

Yeti said it has identified about $100 million of productivity opportunity across cost of goods sold and operating expenses through its Project Upcycle initiative. The company said that savings is intended to help fund growth investments, offset mix pressures and support margin expansion.

The company’s long-term plan centers on four priorities: creating the next billion dollars of sales, building a next billion-dollar product platform, generating a billion dollars of sales outside the United States and delivering more than a billion dollars of cumulative free cash flow. Yeti said bags and soft coolers are expected to become its next billion-dollar product platform.

The strategy also calls for scaling international sales through wholesale, direct-to-consumer and marketplace channels, while using share repurchases as the primary way to return excess cash to shareholders. The market has reacted to these announcements by moving the company's shares 1.63% to a price of $41.21. Check out the company's full 8-K submission here.

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