Monitor execution against the long-term framework, particularly Bags & Soft Coolers becoming the next billion-dollar platform and international sales reaching $1B. The reiterated FY2026 guidance sets a near-term benchmark; any deviation in upcoming quarterly results will be closely watched against these targets.
Price Chart
Executive Summary
YETI held its 2026 Investor Day, unveiling a long-term growth strategy and financial framework through Fiscal 2030, targeting mid-to-high single-digit annual net sales growth and cumulative free cash flow of $1.2B-$1.4B. The company reiterated its Fiscal 2026 outlook (7-8% sales growth, adj. EPS $2.94-$3.00) and identified ~$100M in productivity savings via Project Upcycle. The filing is a strategic roadmap with no new financial results, making it a neutral-to-modestly-positive event.
Key Facts
- Long-term annual net sales growth target: mid-single-digit to high-single-digit through Fiscal 2030
- Long-term annual adjusted operating income growth target: high-single-digit to low-double-digit
- Long-term annual adjusted EPS growth target: low-double-digit to high-teens
- Cumulative free cash flow target (5-year period ending Fiscal 2030): $1.2 billion to $1.4 billion
- Project Upcycle productivity initiative identified ~$100 million of opportunity across COGS and opex
- Fiscal 2026 outlook reiterated: sales growth 7-8%, adj. operating income growth 10-12%, adj. EPS $2.94-$3.00
- Fiscal 2026 free cash flow guidance: $200 million to $225 million
- Fiscal 2026 capex guidance: $60 million to $70 million
- Diluted weighted average shares outstanding (Fiscal 2026): 75.4 million
- Fiscal 2026 GAAP effective tax rate: 24%
Financial Impact
Long-term framework targets cumulative FCF of $1.2B-$1.4B by FY2030; ~$100M productivity savings identified; FY2026 guidance reiterated with adj. EPS of $2.94-$3.00
Risk Factors
- Execution risk on international expansion and new product platform scaling
- Consumer discretionary spending sensitivity and macroeconomic headwinds
- Tariff and supply chain cost pressures not fully offset by productivity savings
- Failure to achieve the ~$100M Project Upcycle savings target
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-108378 |
| Document: tm2625309d1_8k.htm | 0001104659-26-108378 |
| Document: 0001104659-26-108378-index-headers.html | 0001104659-26-108378 |
| Document: 0001104659-26-108378-index.html | 0001104659-26-108378 |
| Document: 0001104659-26-108378.txt | 0001104659-26-108378 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $44.03 | awaiting T+20 | — | $43.57 (−1.04%) |
Oct 21, 2026 5d ago | Institutional Cluster | $44.03 | awaiting T+20 | — | $43.57 (−1.04%) |
Oct 13, 2026 13d ago | SC 13G | $39.34 | awaiting T+20 | — | $43.57 (+10.75%) |
Sep 17, 2026 5w ago | 8-K | $41.22 $42.02 | ▲ +1.94% | ▲ +0.74% | $43.57 (+5.70%) |
Sep 17, 2026 5w ago | Press Release | $41.22 $42.02 | ▲ +1.94% | ▲ +0.48% | $43.57 (+5.70%) |
Aug 13, 2026 10w ago | 8-K | $45.47 $40.26 | ▼ −11.46% | ▼ −9.71% | $43.57 (−4.18%) |
Aug 13, 2026 10w ago | Press Release | $45.47 $40.26 | ▼ −11.46% | ▼ −9.71% | $43.57 (−4.18%) |
Aug 12, 2026 10w ago | 8-K | $45.47 $40.26 | ▼ −11.46% | ▼ −9.71% | $43.57 (−4.18%) |
May 14, 2026 23w ago | 8-K | $40.69 $50.42 | ▲ +23.91% | ▲ +24.77% | $43.57 (+7.08%) |
Mar 26, 2026 30w ago | DEFA14A | $35.57 $39.38 | ▲ +10.71% | ▼ −2.03% | $43.57 (+22.49%) |
US Market Status
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