YETI Holdings Inc. (YETI) shares tumbled 7.45% in pre-market trading on Thursday, despite reporting better-than-expected first-quarter results for 2025. The sharp decline suggests investors may be focusing on the company's full-year outlook, which appears to have fallen short of market expectations.
For the first quarter, YETI reported adjusted earnings per share (EPS) of $0.31, surpassing the IBES estimate of $0.27. The company's Q1 sales reached $351.1 million, also beating the expected $347 million. YETI's adjusted net income for the quarter stood at $25.8 million, significantly higher than the estimated $22.7 million, while adjusted operating income was $35.2 million, exceeding the forecast of $29.5 million.
However, YETI's outlook for the full fiscal year 2025 seems to have disappointed investors. The company projects adjusted EPS for the year to be in the range of $1.96 to $2.02. While the specific market expectations for the full year were not provided in the news, the pre-market stock plunge indicates that this guidance may have fallen short of analyst and investor expectations, overshadowing the strong Q1 performance.