Tariffs and trade policynegative · 5 filings
“The change versus the prior year quarter was primarily due to a decrease in interest income, partially offset by the $2.9 million interest income related to IEEPA tariff refunds.”10-Q · Aug 13, 2026 ↗
YETI Holdings, Inc.
YETI
Market read
YETI Holdings, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
What changed
- Revenue increased 8.3% versus the comparable filing period.
- Operating margin fell 2.9 percentage points.
Company-2.6% todayVolume comparison unavailable
Market group0 of 4 activeConsumer-Cyclical Tilt · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Tariff costs reduced gross margin in the latest three-month period, making trade policy a current profitability driver for YETI.
- Operating cash flow turned negative, while management said working-capital changes had a favorable impact on the comparison.
Invalidation: The isolated read changes if YETI's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 8.3% versus the comparable filing period.
Evidence that challenges
- Operating margin fell 2.9 percentage points.
- Net income decreased 40.7% versus the comparable filing period.
- Gross margin fell 2.2 percentage points.
What would clarify the read
- Tariff costs reduced gross margin in the latest three-month period, making trade policy a current profitability driver for YETI.
- Operating cash flow turned negative, while management said working-capital changes had a favorable impact on the comparison.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements109
Verified relationships10
Evidence supporting the case
- Operating cash flow covered net income at 1.54x in the latest annual period.
- Demand and volume has repeated favorable evidence across 3 filings.
- Supply chain and availability has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Operating margin changed -2.0 percentage points in the latest annual period.
- Tariffs and trade policy has repeated adverse evidence across 5 filings.
- Credit and interest rates has repeated adverse evidence across 3 filings.
- Input and raw-material costs has repeated adverse evidence across 3 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
39.446m+4.6%12m+10.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-01-01$1.4B+29.2%$2.40+0.9%
2022-12-31$1.6B+13.1%$1.03-1.7%
2023-12-30$1.7B+4.0%$1.94+0.2%
2024-12-28$1.8B+10.3%$2.05-1.9%
2026-01-03$1.9B+2.1%$2.03-4.9%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 3 filings
“Financing Activities The increase in cash used in financing activities during the six months ended July 4, 2026 was primarily due to higher repurchases of common stock and higher taxes paid for the net share settlement of stock-based awards, partially offset…”10-Q · Aug 13, 2026 ↗
Demand and volumepositive · 3 filings
“Demand was strong in the wholesale channel as well as Amazon Marketplace, YETI websites, and YETI retail, partially offset by a decline in Corporate Sales.”10-Q · Aug 13, 2026 ↗
Input and raw-material costsnegative · 3 filings
“Gross margin rate decreased 210 basis points to 55.3% from 57.4% in the prior year quarter, primarily due to the following factors: • higher tariff costs, which unfavorably impacted gross margin by 280 basis points; • a decrease in the mix of our DTC channel…”10-Q · May 14, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
39.44-2.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for YETI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-14 against the comparable filing from 2025-05-08.
OperationscautiousEvidence score -1
liquiditycautiousEvidence score -1
valuationmixed
What improved
- Revenue increased 8.3% versus the comparable filing period.
What weakened
- Operating margin fell 2.9 percentage points.
- Net income decreased 40.7% versus the comparable filing period.
- Gross margin fell 2.2 percentage points.
Filing receipts
“Gross margin rate decreased 210 basis points to 55.3% from 57.4% in the prior year quarter, primarily due to the following factors: • higher tariff costs, which unfavorably impacted gross margin by 280 basis points; • a decrease in the mix of our DTC channel net sales and Drinkware net sales, which unfavorably impacted gross margin by 70 basis points; and • higher inbound freight, which unfavorably impacted gross margin by 50 basis points.”
“The decrease in cash used in operating activities during the three months ended April 4, 2026 compared to cash used in operating activities during the three months ended March 29, 2025 is primarily due to a favorable impact from changes in working capital, partially offset by a decrease in net income, excluding non-cash expenses.”
“Coolers & Equipment net sales increased by $15.9 million, or 11%, to $156.1 million, compared to $140.2 million in the same period last year, primarily driven by strong performance in soft coolers, bags, hard coolers, and cargo, reflecting continued strength across core and expanded categories.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind YETI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
AMZNAmazon.com, Inc.distributorMay 14, 2026 ▾
“We sell our products in our DTC channel to customers through our websites and YETI Authorized on the Amazon Marketplace, as well as in our retail stores.”
TSCOTractor Supply CompanycustomerMay 14, 2026 ▾
“Our domestic national and regional specialty retailers include Dick’s Sporting Goods, REI, Academy Sports + Outdoors, Bass Pro Shops, Ace Hardware, Scheels, and Tractor Supply Company.”
Depended on by
ASOAcademy Sports and Outdoors, Inc.competitorMar 17, 2026 ▾
“We have preferred access to hundred s of well-recognized national brands, such as Nike, including its Jordan Brand , Under Armour, adidas, Win chester, Columbia Sportswear, The North Face, Brooks, Skechers, Yeti, Stanley and Carhartt, which are critical to ou…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
YETI is currently a Leader in the organic co-movement group Consumer-Cyclical Tilt. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.