FOURTH QUARTER 2025 EARNINGS PRESENTATION February 19, 2026 SAFE HARBOR STATEMENT This presentation includes "forward-looking" statements that involve risks and uncertainties that are generally identifiable through the use of words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "should," "will," "may," "outlook," and other words and similar expressions and include projections of earnings. The forward-looking statements in this presentation are made pursuant to the safe h ...

Core Viewpoint - YETI Holdings Inc. stock is currently priced at $41.14, reflecting a 0.82% decrease in the current market session, but has seen a significant increase of 32.05% over the past month and a modest rise of 3.94% over the past year, raising questions about its valuation despite underperformance in the current session [1]. Group 1: Stock Performance - The stock price of YETI Holdings is currently at $41.14, down by 0.82% in the current session [1]. - Over the past month, the stock has increased by 32.05% [1]. - In the past year, the stock has risen by 3.94% [1]. Group 2: P/E Ratio Analysis - YETI Holdings has a lower P/E ratio compared to the aggregate P/E of 40.7 for the Leisure Products industry, suggesting potential undervaluation [6]. - A lower P/E ratio may indicate that shareholders do not expect the stock to perform better in the future or that the company is undervalued [5]. - While a low P/E can suggest undervaluation, it may also reflect weak growth prospects or financial instability, necessitating a cautious approach [9][10]. Group 3: Investment Considerations - The P/E ratio is a valuable tool for assessing market performance but should be used alongside other financial metrics and qualitative factors for comprehensive analysis [10].

Financial Performance - Net sales increased by 1% to $1,451.1 million in Q3 2025 compared to Q3 2024[6] - Gross profit increased by $12.8 million to $429.2 million in Q3 2025 compared to Q3 2024[6] - Gross margin increased by 50 bps to 29.6% in Q3 2025 compared to Q3 2024[6] - Diluted EPS (GAAP) increased by 4% to $3.40 in Q3 2025 compared to Q3 2024[6] - Operating income increased by $1.6 million to $178.0 million in Q3 2025 compared to Q3 2024[6] Sales Performance by Geography and Product - Florida sales increased by 1% in Q3 2025[8] - California and Arizona sales decreased by 3% in Q3 2025[8] - Horizon net sales increased by 3% in Q3 2025[8] - Europe net sales increased by 6% in Q3 2025, but decreased by 1% in local currency[8, 9] - Building materials and equipment sales increased by 4% in Q3 2025[11] - Chemicals sales decreased by 4% in Q3 2025[11] Strategic Initiatives - POOL360 sales as a percentage of total sales increased from 16% in Q3 2024 to 18% in Q3 2025[13] Capital Allocation - The company returned approximately $303 million to shareholders through share repurchases and dividends[24] 2025 Guidance - The company expects net sales to be flattish for 2025[25] - The company expects GAAP diluted earnings per share to be in the range of $10.81 to $11.31 for 2025[25]

Industry Focus - The article explores the reasons behind Italy's prominence in yacht production [1] Market Insight - The industry report likely delves into factors contributing to Italy's success in the yacht market, potentially including design, craftsmanship, and economic factors [1]

Financial Performance - Peloton swung to a fiscal fourth-quarter profit [1] Business Strategy - Peloton warned that sales of its exercise machines and digital subscriptions are set to decline further in 2025 [1] - Peloton is laying off some employees and relocating operations in a bid to cut costs [1]

Q2 2025 Financial Performance - Net sales reached $1,784.5 million, a 1% increase compared to Q2 2024[6] - Operating income was $272.7 million, a $1.2 million increase from Q2 2024[6] - Diluted EPS (GAAP and ex-ASU) was $5.17, a 4% increase compared to Q2 2024[6] - Gross profit was $535.2 million, a $5.0 million increase from Q2 2024[6] - Gross margin remained in line with Q2 2024 at 30.0%[6] Sales Performance by Geography and Segment - Florida (FL) and Arizona (AZ) saw net sales increases of 2% each[8] - California (CA) and Texas (TX) experienced net sales decreases of 3% and 2% respectively[8] - Horizon net sales decreased by 2%[8] - Europe net sales increased by 7%[8] - Commercial end market sales increased by 5%, while retail sales decreased by 3%[12] Product Category Performance - Chemicals and Equipment sales each increased by 1%, while Building Materials sales decreased by 1%[11] Strategic Initiatives and Capital Allocation - The company returned $253 million to shareholders, including a $76 million year-over-year increase in share repurchases[24] - Capital expenditures amounted to $27.4 million[23] - Share repurchases totaled $160.6 million[23] - Dividends paid were $92.2 million[23] 2025 Guidance - The company anticipates net sales to be approximately flat for the full year 2025[25] - Inflation/pricing is expected to contribute approximately 2%, including 1% from tariffs beginning in Q2[25] - GAAP diluted earnings per share are projected to be in the range of $10.80 to $11.30[25]

Trade Dependency - The US relies on China for fireworks, especially on July 4th, when celebrating independence from British rule [1]