YETI Holdings, Inc.YETI

YETI Holdings, Inc. Segments Disclosure

10-KFiled Feb 27, 20262 min read
SEGMENT INFORMATION
Our Chief Operating Decision Maker (“CODM”), who is our Chief Executive Officer, reviews financial information, makes operating decisions, evaluates operating performance, and allocates resources based on consolidated net income. We manage our business as one reportable operating segment that constitutes consolidated results. Our operational structure, which includes sales, research, product design, operations, marketing, and administrative functions, is focused on the entire product suite rather than individual product categories, channels, and geographies.

The following table presents segment information for net sales, segment profit, and significant expenses (in thousands):
Fiscal Year Ended
January 3,
2026		December 28,
2024		December 30,
2023
Net sales1,868,494 1,829,873 1,658,713 
Cost of goods sold(1)
795,810 766,589 715,527 
Gross profit1,072,684 1,063,284 943,186 
Selling, general, and administrative expenses
Distribution and fulfillment321,909 322,957 310,148 
Compensation and benefits(2)
204,456 193,366 153,511 
Marketing145,435 141,490 126,894 
General and administration(3)
152,918 129,099 108,710 
Depreciation and amortization 33,873 29,155 29,847 
Product recall(4)
536 1,841 (11,382)
Total selling, general and administrative expenses
859,127 817,908 717,728 
Operating income213,557 245,376 225,458 
Interest (expense) income, net
(443)660 (942)
Other income (expense), net
7,167 (13,188)1,430 
Income before income taxes220,281 232,848 225,946 
Income tax expense(54,894)(57,159)(56,061)
Net income$165,387 $175,689 $169,885 
_________________________
(1)Includes depreciation expense of $20.4 million, $19.0 million, and $16.6 million, for the years ended January 3, 2026, December 28, 2024 and December 30, 2023.
(2)Represents employee compensation and benefits, including non-cash stock-based compensation expense.
(3)Includes information technology, corporate infrastructure costs, contract labor, professional fees and services, asset impairments, organizational realignment costs, and technology transformation costs.
(4)Represents adjustments and charges associated with product recalls.
For net sales by geographic region, refer to Note 3. For long-lived asset by geographic region, refer to Note 5.

Historical Timeline

Fiscal YearFiled
2026Feb 27, 2026Showing above
2024Feb 24, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per SharePP&EGoodwill & IntangiblesLeasesDebtCommitmentsStock CompensationNew StandardsPay vs Performance