Yeti Stock Falls Over 16% in August Amid Mixed Second-Quarter Results
In August 2026, Yeti Holdings (YETI) experienced a significant drop of over 16% in its stock price despite reporting second-quarter results that initially appeared positive. The company reported net sales growth of 9%, driven by strong performance from the coolers and equipment segment (+16%), while drinkware saw only modest gains at +2%. International revenue rose sharply, up 19% to nearly $93 million. However, Yeti's non-GAAP (adjusted) net income fell by 8% year-over-year due in part to a one-time tariff refund gain and aggressive stock buybacks. While the company beat earnings estimates with adjusted EPS of $0.67 versus expectations of $0.55, it maintained its full-year revenue guidance while raising profit forecasts slightly. Analysts raised price targets post-earnings but shares still declined due to concerns over slowing top-line growth and rising expenses outpacing sales increases.
Tickers: $YETI
Topics: consumer_goods finance stock_performance