Business
YETI Reports First Quarter 2025 Results
AUSTIN, Texas, May 08, 2025--YETI Holdings, Inc. ("YETI") (NYSE: YETI) today announced its financial results for the first quarter ended March 29, 2025. YETI reports its financial performance in accordance with accounting principles generally accepted in the United States of America ("GAAP") and as adjusted on a non-GAAP basis. Please see "Non-GAAP Financial Measures," and "Reconciliation of GAAP to Non-GAAP Financial Information" below for additional information and reconciliations of the non-G
About this update from Yeti Holdings, Inc.
[{"type":"text","content":"Net Sales Increased 3%","length":22,"tagName":"p","attribs":{}},{"type":"text","content":"Accelerates Supply Chain Diversification","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"Updates 2025 Outlook In Response to Tariff Impacts","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"AUSTIN, Texas, May 08, 2025--(BUSINESS WIRE)--YETI Holdings, Inc. ("YETI") (NYSE: YETI) today announced its financial results for the first quarter ended March 29, 2025. YETI reports its financial performance in accordance with accounting principles generally accepted in the United States of America ("GAAP") and as adjusted on a non-GAAP basis. Please see "Non-GAAP Financial Measures," and "Reconciliation of GAAP to Non-GAAP Financial Information" below for additional information and reconciliations of the non-GAAP financial measures to the most comparable GAAP financial measures.","length":627,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased 3%, including an FX headwind of approximately 100 basis points","length":82,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"EPS increased 11% to $0.20; Adjusted EPS decreased 9% to $0.31, which reflects an FX headwind of approximately $0.02 or 600 basis points of growth","length":146,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":228,"olType":false},{"type":"text","content":"Matt Reintjes, President and Chief Executive Officer, commented, "A strong start to 2025 showcased our growing global brand and broadening product portfolio alongside the operational execution that has been a hallmark of YETI. We exited the first quarter on our full year plan before the significant tariff disruption announced in April. As we now look at the changing macro and consumer environment, we remain confident that our durable balance sheet and strong gross and operating margins will allow us to continue to drive innovation, supply chain transformation and global expansion during this time."","length":615,"tagName":"p"},{"type":"text","content":"Mr. Reintjes continued, "YETI’s strong free cash flow generation and balance sheet provides us the flexibility to navigate this highly fl...