All Yeti articles
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Article
Yeti reports strong Q4 despite recall challenges
The US outdoor company navigated a competitive market and product recall costs to deliver strong financial results for Q4 and FY2024, with notable sales growth across key product categories and global markets.
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Yeti makes progress with supply chain diversification as Q3 sales jump 10%
The outdoor company diversifies production, opens a new facility and reports 10% sales growth in Q3, driven by strong drinkware and cooler sales across all channels.
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News briefs
Go Outdoors opens Europe’s largest outdoor store
A special celebration weekend is scheduled for Sept. 7/8, with brand ambassador and TV presenter Helen Skelton cutting the ribbon.
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Article
Yeti raises FY guidance after strong Q2
Yeti’s strong Q2 results and raised FY24 outlook signal continued growth, driven by revenue gains, expanding international presence and new partnerships.
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Yeti bumps up FY income outlook after solid Q1
The outdoor product group maintained its full-year adjusted sales outlook of 7 to 9 percent growth. However, after reporting strong Q1 results, Yeti moved its adjusted operating income percentage target up slightly to 16.0 to 16.5 percent. Operating income rose by 71 percent to $25.8 million from $15.1 million ...
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Article
Yeti misses Q4 sales mark, but international soars
Yeti is forecasting sales growth of 20-25 percent in 2024 from all markets outside the U.S. after stellar results from the segment in FY23. The group’s international sales expanded by 28 percent last year to nearly $260.7 million, fueled by momentum in Europe, where the brand is now carried in ...
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Article
Yeti acquires Mystery Ranch
Texas-based outdoor company Yeti Holdings, Inc., maker of coolers, hydration solutions and bags, has signed an agreement to acquire Montana-based backpack specialist Mystery Ranch. “[Mystery Ranch’s] ethos, passion and people not only align with the Yeti team, but also connect well with our commitment to innovation and our customers,” commented ...
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Yeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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Yeti Q1 sales inch up despite recall impact, sees return to double-digit growth in Q4
Yeti’s sales in the first quarter of 2023 rose by 3 percent to $302.8 million, despite being affected by a stop sale of certain soft coolers included in voluntary recalls implemented due to safety concerns.
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Analysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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Article
Direct, international drive Yeti in Q4
Yeti’s results were negatively impacted by voluntary recalls of certain soft coolers and dry gear bags for the period ended Dec. 31. Fourth quarter sales rose by 1 percent to $448.0 million from $443.1 million but were up 10 percent year-over-year to $486.4 million excluding impacts from the recalls. Direct-to-consumer ...
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News briefs
Yeti appoints McMullen as CFO
Yeti, the U.S. designer, retailer and distributor of outdoor products, has announced the appointment of Mike McMullen as its senior vice president, chief financial officer and treasurer. McMullen has served as the company’s interim CFO since October 2022. McMullen joined Yeti in 2016 as head of financial planning and analysis ...
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Yeti beats expectations in Q3 as international sales jump 60%
Yeti beat market expectations for sales and earnings in the third quarter, as international revenues jumped by 60 percent, and the company said it was “well-positioned” for the holiday season in the fourth quarter. In the third quarter, sales for the premium drinkware and cooler brand increased by 20 percent ...
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News briefs
Four outdoor drinkware brands join forces to promote sustainability in the U.S.
Klean Kanteen, MiiR, Stanley and Yeti have joined forces to identify opportunities and actions to reduce carbon emissions throughout the drinkware supply chain, making an important contribution to a more sustainable future. The project, known as the Drinkware CoLab, supports the Colorado-based Outdoor Industry Association’s (OIA) goal of making the ...
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News briefs
Yeti is looking for a new CFO
Paul Carbone, Yeti’s chief financial officer, is stepping down at the end of October. Carbone will be taking a new job in Boston to be closer to his family. “Paul has made an indelible contribution to the organization during his tenure and was instrumental in guiding Yeti through our initial ...
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Yeti sees plenty of upside from markets outside U.S.
Yeti, the premium drinkware and cooler brand, says it will focus on driving consumer relevance and “developing optimal omnichannel distribution” in the six European markets, Japan and Australia, where it already has brand penetration. After launching a website in the U.K. in 2019, the company added websites in Germany, France, ...
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News briefs
Full Circle Everest Expedition summits and sets a sign of diversity in climbing
Seven members of the all-black climber’s team of the Full Circle Everest Expedition reached the summit peak on May 12, 2022, roughly 60 years after the first U.S. citizen climbed Everest for the first time. The Full Circle Everest Expedition (counting eleven experienced climbers) set out to make history with ...
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Yeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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Yeti forecasts topline growth of 18-20%; will adopt key strategies in Europe
Yeti’s current outlook for 2022 calls for 18-22 percent revenue growth, but an EPS range some 3.4 percent below the current Wall Street consensus as it faces “significantly higher” inbound freight costs and an increase in costs for raw materials such as resin and stainless steel. On the upside, the ...
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News briefs
Yeti to establish European subsidiary
Yeti Coolers, a wholly owned subsidiary of publicly traded Yeti Holdings headquartered in Austin, Texas, has announced that it is currently planning to move into its first European office in Amsterdam, the Netherlands, as part of a gradual internationalization effort. Yeti is currently already present in 20 European countries, having ...