Filing Flows › Yeti Holdings (YETI) › Q1 2025
Yeti Holdings (YETI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Yeti Holdings (YETI) reported revenue of $351M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -36% from the quarter before. Operating margin was 6.2%, net earnings $16.6M (4.7% of revenue).
Yeti Holdings, Q1 2025: revenue $351M (+3% year over year), operating margin 6.2%, net earnings $16.6M, operating cash flow −$80.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $351M | -36% | +3% |
| Gross profit | $202M | -38% | +4% |
| Operating profit | $21.7M | -74% | -16% |
| Net earnings | $16.6M | -69% | +5% |
| Operating cash flow | −$80.3M | -136% | — |
What changed
Revenue was $351.1M in Q1 2025, up 3% year over year and down 36% from the previous quarter. Drinkware was the largest line at 59% of revenue. Coolers & Equipment added $20.3M year over year (up 17%), 209% of the total change. Other declined 23%.
Gross margin was 57.4%, up 0.4 points from a year earlier. Operating profit was $21.7M, a 6.2% margin (down 1.4 points year over year). Operating profit fell $4.1M even though revenue rose $9.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 3%. Net earnings were $16.6M, up 5% year over year. The effective tax rate was 28.9%.
Operating cash flow was −$80.3M. Non-cash charges added back $13.2M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items used $120.2M. Capital expenditures of $8.9M exceeded it, leaving free cash flow of −$89.2M.
Questions
What was Yeti Holdings' revenue in the first quarter 2025?
Yeti Holdings (YETI) reported revenue of $351M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -36% from the quarter before.
Was Yeti Holdings profitable in the first quarter 2025?
Operating profit was $21.7M (6.2% of revenue) and net earnings $16.6M.
Source: Yeti Holdings 10-Q on SEC EDGAR.