Why Is YETI HLDGS INC (YETI) Stock Down Today?

Yeti Holdings (YETI) shares fell 9.27% to $38.83 on Wednesday. The decline followed the company’s third-quarter earnings release, which included a reduction in its full-year 2026 sales and earnings outlook.

What Happened

Yeti reported third-quarter revenue of $509.4 million, a 4.4% increase year over year but a miss of $13.6 million against analyst estimates. The company posted non-GAAP earnings per share of $0.91, which exceeded the consensus estimate of $0.84. CEO Matt Reintjes noted that demand was uneven during the quarter, particularly in the United States and Canada, though the expansion of product diversity and sales channels supported overall performance.

In response to cautious consumer spending, Yeti lowered its adjusted sales growth guidance for the current year to approximately 6%, down from a previous range of 7% to 8%. The company also cut its full-year adjusted EPS view to a range of $2.90 to $2.95, previously set at $2.94 to $3.00. The company filed an 8-K with the SEC on November 12, 2026, to disclose these results.

What The Data Shows

The stock opened at $39.70, a 7.2% gap down from the prior close of $42.79. Trading volume reached 1.8 million shares, which is 1.2 times the three-month daily average. The session low of $38.80 was printed at 8:55 AM ET, while the high of $40.85 occurred at 9:30 AM ET.

Fundamentals show a market capitalization of $3.3 billion and a P/E ratio of 18.7. Trailing twelve-month revenue grew 6.2%, with a net margin of 9.2%. The stock has a beta of 1.63 and currently trades within a 52-week range of $34.90 to $53.99. Over the last eight sessions, the stock declined 5.8% from $45.42 to $42.79. On November 12, the stock printed four fresh 52-week lows.

What To Watch

Investors will monitor the company’s ability to stabilize consumer demand as it executes its revised guidance. The stock’s proximity to its 52-week low of $34.90 may influence near-term trading dynamics.