Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K ________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 3, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38713 ________________________ ...

Core Viewpoint - The report indicates that despite a slight year-on-year decline in the procurement amount from the top five customers of Hars, particularly a significant drop of 21.3% from YETI, the overall outlook for Hars remains positive due to anticipated growth in supply amounts to YETI in 2026 and improvements in manufacturing capabilities [1] Group 1: Customer Performance - The procurement amount from Hars' top five customers in Q1-3 of 2025 decreased by 0.1% year-on-year, with YETI experiencing a notable decline of 21.3% [1] - YETI's overall revenue from cups and bottles is expected to decline only by 1% for the entire year, suggesting that the drop in procurement is primarily due to changes in order rhythm caused by supply chain shifts and a reduction in inventory levels, with Q4 inventory down by 6% year-on-year [1] Group 2: Future Growth Potential - Hars is expected to see significant growth in supply amounts to YETI in 2026, supported by YETI's own sales guidance [1] - The company's enhanced delivery capabilities in Thailand and accelerated new product development for Stanley, along with expansion into non-US markets, are likely to lead to a substantial increase in market share [1] Group 3: Brand Development and Profitability - Owala and Brumate are experiencing rapid growth, with both being core suppliers, and orders are expected to increase alongside customer growth in 2026 [1] - The company is focusing on multi-dimensional brand building, with OBM expected to continue high growth; signs of recovery in manufacturing outsourcing are evident, leading to gradual improvement in profitability [1] Group 4: Financial Projections - Following recent stock incentives and optimistic performance targets for employee shareholding, the projected net profit attributable to the parent company for 2025, 2026, and 2027 is estimated to be 70 million, 300 million, and 420 million respectively, with corresponding PE valuations of 61.2X, 14.5X, and 10.4X [1] - The report maintains a "buy" rating for the company based on these projections [1]

Financial Performance - YETI Holdings reported quarterly earnings of 92 cents per share, exceeding the analyst consensus estimate of 88 cents per share [1] - The company achieved quarterly sales of $583.708 million, surpassing the analyst consensus estimate of $582.455 million [1] - For FY2026, YETI expects adjusted EPS in the range of $2.77-$2.83, compared to market estimates of $2.83 [1] - YETI anticipates sales between $1.980 billion and $2.017 billion, against estimates of $1.975 billion [1] Management Commentary - Matt Reintjes, President and CEO, stated that Q4 was the strongest quarter of the year, highlighting solid demand and effective execution by the teams [2] - The company’s strategy developed over the past few years is reflected in the positive numbers and outlook [2] Stock Performance and Analyst Ratings - Following the earnings announcement, YETI shares rose 0.1% to trade at $47.10 [2] - B. Riley Securities analyst upgraded YETI Holdings from Neutral to Buy, raising the price target from $35 to $54 [3] - Baird analyst maintained an Outperform rating on the stock and increased the price target from $52 to $54 [3]

YETI (NYSE:YETI) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsArvind Bhatia - Vice President, Investor RelationsMatt Reintjes - President and CEOMike McMullen - CFOConference Call ParticipantsBrian McNamara - Managing Director and Senior AnalystBrooke Roach - Managing Director, Equity Research AnalystJoe Altobello - Equity Research AnalystPhilip Lee - Equity Research AnalystRandy Konik - Managing Director and Senior Equity AnalystNone - AnalystNone - AnalystNone - AnalystOperatorG ...

YETI (NYSE:YETI) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsArvind Bhatia - Vice President, Investor RelationsMatt Reintjes - President and CEOMike McMullen - CFOConference Call ParticipantsBrian McNamara - Managing Director and Senior AnalystBrooke Roach - Managing Director, Equity Research AnalystJoe Altobello - Equity Research AnalystPhilip Lee - Equity Research AnalystRandy Konik - Managing Director and Senior Equity AnalystNone - AnalystNone - AnalystNone - AnalystOperatorG ...

Financial Data and Key Metrics Changes - In Q4 2025, the company reported adjusted net sales of $583.7 million, representing a 5% year-over-year growth, marking the strongest quarterly performance of the year [28] - Adjusted gross profit was $341 million, or 58.4% of sales, down 180 basis points year-over-year, impacted by higher tariff costs [31] - Adjusted net income decreased 15% to $71.8 million, or 12.3% of sales, with adjusted EPS declining to $0.92 from $1 [32] Business Line Data and Key Metrics Changes - Drinkware sales grew 6% to $380 million, while U.S. Drinkware sales were flat year-over-year [28][29] - Coolers and Equipment sales grew 2% to $192 million, despite supply constraints [29] - Direct-to-consumer sales grew 5% to $394 million, with growth across all D2C channels [30] Market Data and Key Metrics Changes - International sales grew 25% to $136 million, representing 23% of Q4 sales, up from 20% in the prior year [30] - Europe showed exceptional growth, particularly in the U.K. and Germany, while Australia delivered its strongest performance of the year [30][17] - The international market has grown from 2% of sales at IPO to 21% today, indicating significant expansion potential [16] Company Strategy and Development Direction - The company aims for 6%-8% net sales growth in 2026, driven by innovation and expanding global reach [6][34] - Strategic priorities include driving product innovation, broadening brand reach, and expanding globally [7][16] - The company is investing in foundational technology platforms and AI to enhance consumer engagement and operational efficiency [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory, despite a challenging consumer environment [6][7] - The company anticipates healthy growth in 2026 as new production capacity comes online [10] - Management highlighted the importance of maintaining premium positioning and protecting channel integrity [16] Other Important Information - The company executed $125 million in share repurchases during Q4, totaling approximately $300 million for the year [5][33] - A leadership transition was announced, with Scott Bomar appointed as the new CFO [22][23] Q&A Session Summary Question: Pricing and Tariffs - Inquiry about pricing increases and potential tariff relief - Management indicated pricing impacts would be similar to the previous year, with no current expectations for tariff relief [45][46] Question: International Business Foundations - Request for details on foundational work for international expansion - Management highlighted established teams in key markets and the focus on building wholesale and e-commerce capabilities [50][52] Question: Revenue Guidance Context - Inquiry about the conservatism in international revenue guidance and drinkware expectations - Management confirmed a cautious but optimistic outlook, with inventory levels down year-over-year [56][57] Question: U.S. Market Improvement - Request for context on expected sequential improvement in the U.S. market - Management noted stabilization in the drinkware category and opportunities for growth across all categories [62][63] Question: Operating Expense Leverage - Inquiry about expected inflection in operating expense leverage - Management discussed investments made in 2025 that are expected to yield leverage in 2026 [65][66]

FOURTH QUARTER 2025 HIGHLIGHTS 0 43 69 0 179 227 0 130 210 116 193 48 81 81 81 187 214 255 242 242 242 201 202 200 148 148 148 45 45 45 0 67 108 1 SAFE HARBOR STATEMENT Disclaimer 0 43 69 We are not making any representations or warranties, express or implied, with respect to the information (financial, business, legal or otherwise) contained in this presentation. No person has been authorized to give any information other than that contained in this presentation. Forward Looking Statements This presentatio ...

Exhibit 99.1 YETI Reports Fourth Quarter and Full Year 2025 Results Provides Full Year 2026 Outlook Fourth Quarter Net Sales Increased 7% and Adjusted Net Sales Increased 5% International Net Sales Increased 25% and Drinkware Net Sales Increased 6% During the Fourth Quarter Returned Nearly $300 Million to Shareholders in 2025 Through Share Repurchases Austin, Texas, February 19, 2026 – YETI Holdings, Inc. ("YETI") (NYSE: YETI) today announced its financial results for the fourth quarter and fiscal year ende ...

Core Insights - YETI Holdings, Inc. reported a 7% increase in net sales for Q4 2025, reaching $583.7 million, compared to $546.5 million in the same period last year [5][6] - The company returned nearly $300 million to shareholders through share repurchases in 2025 [4][37] - International net sales grew by 25%, while drinkware net sales increased by 6% during the fourth quarter [6][18] Fourth Quarter 2025 Highlights - Adjusted net sales increased by 5% to $583.7 million, driven by strong international performance [6][7] - Earnings per share (EPS) rose by 17% to $0.74, while adjusted EPS decreased by 8% to $0.92, impacted by higher tariff costs [6][18] - Operating income decreased by 8% to $75.5 million, reflecting a 250 basis point unfavorable impact from higher tariff costs [15][16] Full Year 2025 Highlights - Full year net sales and adjusted net sales both increased by 2%, with international net sales growing by 16% [20][34] - Coolers & Equipment net sales grew by 7% to $748.5 million, driven by strong performance in bags and soft coolers [20][34] - The company reported operating cash flow of $254.7 million and free cash flow of $212.1 million for the year [6][36] Financial Performance - Gross profit for Q4 increased by 4% to $340.9 million, with a gross margin of 58.4% [11][12] - Selling, general, and administrative (SG&A) expenses rose by 9% to $265.4 million, reflecting higher marketing and growth investments [13][14] - Net income for Q4 increased by 10% to $58.2 million, with a net income margin of 10.0% [18][19] Capital Allocation and Share Repurchase - YETI repurchased 3.1 million shares for $124.9 million in Q4 2025, totaling 8.2 million shares for $297.6 million for the fiscal year [6][37] - The company maintains a strong liquidity position with cash of $188.3 million and total debt of $73.8 million [33] 2026 Outlook - YETI expects full-year sales growth between 6% and 8% for 2026, supported by balanced contributions from drinkware and coolers [38][41] - The company anticipates adjusted operating income growth of 6% to 8%, with an effective tax rate of approximately 24% [41] - Free cash flow is projected to be between $200 million and $225 million [41]

Core Viewpoint - YETI Holdings, Inc. has appointed Scott Bomar as the new Chief Financial Officer, succeeding Mike McMullen, who will assist in the transition until May 31, 2026 [1][3] Group 1: Leadership Transition - Scott Bomar will officially take over as CFO on February 23, 2026, bringing over 20 years of financial and operational leadership experience from his previous roles, including Senior Vice President of Finance at Home Depot [1][2] - Mike McMullen has served as CFO for a decade and played a crucial role in YETI's transformation, including its public listing in 2018 [3][4] Group 2: Scott Bomar's Background - Bomar has a strong track record in financial operations, having led various aspects of Home Depot's finance, including financial planning, treasury, and acquisition integration [2][5] - He has also held significant operational responsibilities, including managing Home Depot's $5 billion Home Services business unit and retail operations in China [2][5] Group 3: Company Strategy and Future Outlook - YETI aims to capitalize on growth opportunities by focusing on product innovation, expanding global presence, and penetrating its total addressable market [4][3] - The company is committed to disciplined execution and driving long-term shareholder value, leveraging Bomar's expertise in cost management and operational efficiency [3][4]