Yeti Cuts Full-Year Outlook as Consumers Stay Cautious
Yeti lowered its full-year sales and earnings forecast, expecting shoppers to remain cautious into the holiday quarter. Premarket shares fell 14%, according to Dow Jones Newswires.
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what happened
Cooler and drinkware maker Yeti Holdings lowered its full-year outlook. The company expects consumers to stay cautious in the holiday quarter, which it says will pressure demand. The update was reported by Dow Jones Newswires.
Third-quarter sales rose 4% to $509.4 million, but fell short of analyst estimates of $523.1 million. Adjusted earnings per share came in at 91 cents against the 84 cents expected. Adjusted sales growth for the year is now seen at about 6%, down from 7% to 8%, and adjusted earnings per share are guided to $2.90 to $2.95, versus $2.94 to $3 before.
Chief Executive Matt Reintjes said demand was uneven at times, especially in the U.S. and Canada. In premarket trading the stock dropped 14% to $37.01.
why it matters
The signal reaches beyond one company: softer consumer demand in the U.S. and Canada could weigh on leisure goods makers and retailers during the holiday shopping season.
market impact
YETI shares: lower guidance and weak sales versus forecasts weigh on the stock
- YETI shares pressure down — lower guidance and sales below estimates reduce investor appetite
tags
instruments
sources
- Yeti Cuts FY Outlook on Consumer Caution — Dow Jones Newswires, 12 November 2026 at 11:32 UTC
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