YETI Holdings, Inc.

Listed Company

YETICIK 0001670592NYSELarge AcceleratedSporting & Athletic Goods, NecDelawareFY ends Jan 2

Period

FY 2025

Revenue

$1.87B

Net Income

$165.39M

Total Assets

$1.24B

Equity

$650.28M

Shares Out

75.27M

Op. Cash Flow

$254.74M

Business

YETI Holdings, Inc. is a global designer, retailer and distributor of premium outdoor products built for high performance and durability. The company offers hard and soft coolers, drinkware (Rambler line), cargo and travel bags, outdoor living items, accessories, apparel and related gear. Its business is organized around three product categories—Coolers & Equipment; Drinkware; and Other—and it operates as one reportable operating segment. YETI sells through an omni-channel strategy including direct-to-consumer websites and retail stores, Amazon Authorized sellers, and wholesale relationships in the U.S., Canada, Australia, New Zealand, Europe, and Japan.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,868	1,830	1,659	1,595	1,411
Cost of goods sold	796	767	716	832	595
Gross profit	1,073	1,063	943	763	816
Selling, general, and administrative expenses	859	818	718	637	541
Operating income	214	245	225	126	275
Interest (expense) income, net	−443,000	660,000	−942,000	−4	—
Other income (expense), net	7	−13	1	−6	−3
Income before income taxes	220	233	226	116	268
Income tax expense	−55	−57	−56	−26	−56
Net income	165	176	170	90	213
Basic (in dollars per share)	2.05	2.07	1.96	1.04	2.43
Diluted (in dollars per share)	2.03	2.05	1.94	1.03	2.4
Basic (in shares)	81	85	87	87	87
Diluted (in shares)	82	86	87	87	89

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	188	359	439	235	312
Accounts receivable, net	141	120	96	79	110
Inventory	291	310	337	371	319
Prepaid expenses and other current assets	40	38	42	33	30
Total current assets	660	827	914	719	770
Property and equipment, net	142	126	131	125	119
Operating lease right-of-use assets	132	78	78	55	55
Goodwill	72	73	54	54	54
Intangible assets, net	220	172	118	99	95
Other assets	9	10	3	24	3
Total assets	1,235	1,286	1,297	1,077	1,096
Accounts payable	140	158	190	141	191
Accrued expenses and other current liabilities	135	128	130	211	132
Taxes payable	16	38	33	15	15
Accrued payroll and related costs	23	29	23	5	31
Operating lease liabilities	15	20	15	12	10
Current maturities of long-term debt	5	6	7	25	25
Total current liabilities	334	380	398	409	404
Long-term debt, net of current portion	68	73	79	72	96
Operating lease liabilities, non-current	140	74	76	56	56
Other liabilities	43	20	20	14	23
Total liabilities	585	546	574	550	579
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, par value $0.01; 600,000,000 shares authorized; 89,952,916 and 74,992,260 shares issued and outstanding at January 3, 2026, respectively, and 89,190,494 and 82,939,467 shares issued and outstanding at December 28, 2024, respectively	900,000	892,000	886,000	881,000	877,000
Treasury stock, at cost; 14,960,656 shares	−602	−282	−100	−100	—
Preferred stock, par value $0.01; 30,000,000 shares authorized; no shares issued or outstanding	0	0	0	0	0
Additional paid-in capital	472	406	386	357	338
Retained earnings	780	614	438	269	179
Accumulated other comprehensive gain	362,000	756,000	−2	−420,000	353,000
Total stockholders equity	650	740	724	526	518
Total liabilities and stockholders equity	1,235	1,286	1,297	1,077	1,096

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	54	48	46	40	32
Amortization of deferred financing fees	653,000	649,000	604,000	601,000	679,000
Stock-based compensation	48	41	30	18	16
Deferred income taxes	28	−11	26	−403,000	5
Impairment of long-lived assets	4	5	3	1	2
Loss on prepayment, modification, or extinguishment of debt	0	0	330,000	0	0
Product recalls	3	10	2	97	0
Other	−4	10	−6	2	1
Accounts receivable, net	−18	−24	−16	30	−45
Inventory	24	40	34	−92	−180
Other current assets	7	9	−8	−2	−11
Accounts payable and accrued expenses	−28	−47	−15	−86	113
Taxes payable	−24	669,000	18	439,000	−4
Other	−5	3	2	2	3
Net cash provided by operating activities	255	261	286	101	147
Purchases of property and equipment	−43	−42	−51	−46	−56
Business acquisition, net of cash acquired	0	−36	0	0	—
Additions of intangibles, net	−59	−53	−22	−11	−10
Net cash used in investing activities	−102	−131	−73	−57	−66
Repayments of long-term debt	−4	−4	−8	−23	−23
Proceeds from employee stock transactions	0	294,000	2	4	4
Taxes paid in connection with employee stock transactions	−2	−1	−2	−2	−4
Finance lease principal payment	−16	−4	−2	−2	−1
Repurchase of common stock	−298	−200	0	−100	0
Payments of deferred financing fees	0	0	−3	0	0
Payment of excise taxes on share repurchases	−2	0	0	—	—
Net cash used in financing activities	−321	−209	−14	−123	−23
Effect of exchange rate changes on cash	−2	−886,000	5	1	1
Net (decrease) increase in cash	−170	−80	204	−77	59
Interest paid	5	6	7	3	2
Income taxes paid, net of refunds	48	65	14	59	59
Property and equipment additions included in accounts payable and accrued expenses	10	3	3	4	10

Filings

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