Coolers & Equipment Growth
Coolers & Equipment sales increased 17% to $140.2 million in Q1, marking the fifth consecutive quarter of double-digit growth in this segment.
International Sales Expansion
Sales outside the U.S. grew 22% to $79.9 million in the first quarter, with all regions seeing growth, especially in Europe.
Supply Chain Diversification Progress
YETI is ahead of plan in moving drinkware production out of China, expecting 90% of U.S. drinkware capacity to be ex-China by the end of 2025.
Strong Financial Position
The company ended the first quarter with $259 million in cash and inventory decreased 9% year-over-year to $330.5 million, reflecting strategic management.
New Product Innovation
YETI plans over 30 new product introductions in 2025, surpassing the 24 new launches in 2024.