Yeti Guides for Continuing Long-Term Sales Growth

Dow Jones09-17 18:47

Yeti Holdings expects its growth to continue in the years ahead as it looks to expand its product portfolio and international presence.

The cooler and drinkware maker on Thursday said it is targeting annual net sales growth in the mid-single to high-single digits through fiscal 2030, with annual growth for adjusted earnings per share at a low-double digit to high-teens rate.

Yeti also backed the fiscal 2026 outlook it provided last month, guiding for sales growth of 7% to 8% on adjusted earnings per share of $2.94 to $3 for this year.

Yeti's long-term outlook comes as the company looks to expand its product offerings across categories like bags and soft coolers, which it expects to become its next billion-dollar platform.

The company is also looking to scale globally, with a goal of generating $1 billion in international sales, while also fine-tuning its U.S. commercialization strategy.

"We believe Yeti is well positioned to expand what we build, where we sell it and how far our brand can travel," Chief Executive Matt Reintjes said.

"The capabilities beneath the business are stronger, the playbook is clearer and the opportunity is broader."

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