Yeti (YETI) reported fiscal Q1 adjusted net income Thursday of $0.26 per diluted share, down from $0.31 a year earlier.

Analysts polled by FactSet expected $0.18.

Net sales for the quarter ended April 4 were $380.4 million, up from $351.1 million a year earlier.

Analysts surveyed by FactSet expected $374.7 million.

For fiscal 2026, the company now expects adjusted EPS of $2.83 to $2.89, compared with its previous outlook range of $2.77 to $2.83. Analysts polled by FactSet expect $2.81.

Yeti now projects full-year sales to increase between 7% and 8%, compared with its prior guidance range of 6% to 8% growth.

The company's board approved an increase to its existing share repurchase program, resulting in $500 million available for buybacks, it said.

Yeti shares were up 5.6% in premarket activity.