YETI Holdings, Inc. (NYSE:YETI) reported second-quarter adjusted earnings on Thursday that came in ahead of Wall Street expectations, although revenue missed forecasts as the company continued to grapple with supply chain challenges.
Shares of the outdoor gear and drinkware company were flat in pre-market trading following the results.
The company reported adjusted earnings per share of $0.66, beating the consensus estimate of $0.54. However, quarterly revenue totaled $445.89 million, coming in below the anticipated $462.82 million.
Despite the top-line miss, YETI raised its full-year 2025 earnings guidance to a range of $2.34 to $2.48 per share—well above analyst projections, which average $2.13. The company, however, revised its full-year sales outlook, now projecting revenue to remain flat or increase up to 2%. This is a downward adjustment from its earlier forecast of 1% to 4% growth and includes an expected 300 basis point drag from persistent supply chain issues.
YETI also improved its forecast for adjusted operating income as a percentage of revenue, raising it to 14.0%–14.5%, up from the previous 12.0% guidance. The company said the revised margin outlook includes an estimated 220 basis point headwind from elevated tariff-related costs compared to the prior year.
In addition, YETI lowered its projected effective tax rate to approximately 25.5%, down slightly from earlier guidance of 26.0%, though still above last year’s rate of 24.5%.
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