By Connor Hart
Yeti Holdings boosted its full-year outlook after strong demand for its coolers drove sales higher in the third quarter, despite continuing to operate in what Chief Executive Matt Reintjes called a highly disruptive macroeconomic backdrop.
The company, also known for its insulated drinkware, on Thursday raised the low end of its adjusted full-year sales outlook to up 1% from flat, while maintaining the high end at up 2%. It now expects adjusted earnings of $2.38 to $2.49 a share, compared with a prior view of $2.34 to $2.48 a share.
Reintjes said the company benefited from strong end-consumer demand and robust U.S. wholesale sell-through during the recent quarter. "Our third quarter momentum sets the stage for a strong holiday and fourth quarter," he added.
Shares rose 3.4% to $34.51 in premarket trading. Through Wednesday's close, the stock is down more than 13% year-to-date.
For its three months ended Sept. 27, Yeti posted a profit of $39.4 million, or 48 cents a share, down from $56.3 million, or 66 cents a share, in last year's comparable quarter.
Stripping out one-time items, earnings were 61 cents a share. Analysts polled by FactSet expected adjusted earnings of 58 cents a share.
Third-quarter sales rose 2% to $487.8 million, topping Wall Street models for $480.3 million.
The company attributed its higher top line primarily to strong performance in coolers and equipment, which partially offset a decline in drinkware sales. International sales rose 14%, while sales in the U.S. slipped 1%.
Yeti also on Thursday increased its share repurchase target for the year to $300 million, up from $200 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 06, 2025 09:22 ET (14:22 GMT)
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