By Connor Hart

Yeti Holding raised its full-year outlook as sales climbed in the first quarter, boosted by strong consumer demand.

The company, known for its insulated drinkware, now expects adjusted earnings of $2.83 to $2.89 a share for the year, up from a prior forecast of $2.77 to $2.83 a share. Sales are now projected to climb 7% to 8%, compared with a previous view of up 6% to 8%.

Analysts polled by FactSet are looking for adjusted earnings of $2.81 a share on sales of $2 billion, marking a 7% increase from last year.

The new outlooks came as Yeti posted a profit of $9.85 million, or 13 cents a share, for its three months ended April 4, compared with $16.6 million, or 20 cents a share, in last year's comparable quarter.

Stripping out certain one-time items, earnings were 26 cents a share. Analysts expected adjusted earnings of 18 cents a share.

Sales climbed 8.3% to $380.4 million and topped Wall Street models for $374.7 million.

Chief Executive Matt Reintjes said Yeti's momentum has accelerated since the end of last year, with exceptionally strong U.S. consumer sell-through demand across both business units driving growth.

"While particularly cautious ordering from our corporate partners across all global regions was a meaningful growth drag in the quarter, our results reflect the strength of our broader direct-to-consumer channels in both drinkware and coolers and equipment," he added.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 14, 2026 06:46 ET (10:46 GMT)

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