YETI Holdings Inc. (YETI) saw its stock surge 5.56% in pre-market trading on Thursday, following the release of its first-quarter 2026 financial results that significantly exceeded analyst expectations.
The company reported adjusted earnings per share of $0.26, beating the consensus estimate of $0.18. Sales for the quarter reached $380.4 million, also surpassing the expected $374.9 million. Furthermore, YETI raised its full-year 2026 sales growth outlook to 7%-8% from a previous range of 6%-8%, and lifted its adjusted EPS forecast to $2.83-$2.89 from $2.77-$2.83. The company's board also approved an increase to its share repurchase program, making $500 million available for buybacks.
The strong quarterly performance was attributed to robust wholesale channel sales, which grew 19%, marking the segment's best quarterly performance in over three years. CEO Matt Reintjes cited strong U.S. consumer demand and product innovation across its Coolers & Equipment and Drinkware divisions as key growth drivers.
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