YETI Holdings, Inc.
For the period ended Jan 3, 2026. Filed Feb 27, 2026.
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FY2026 · Filed Feb 27, 2026
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3. Revenue
- REVENUE
Contract Balances
Accounts receivable represent an unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less an estimated allowance for credit losses.
Contract liabilities are recorded when the customer pays consideration before the transfer of a good to the customer and thus represent our obligation to transfer the good to the customer at a future date. Our contract liabilities include advance cash deposits received from customers for certain customized product orders and unredeemed gift card liabilities. As products are shipped and control transfers, we recognize contract liabilities as revenue.
The following table provides information about accounts receivable and contract liabilities at the periods indicated (in thousands):
| January 3, 2026 | December 28,2024 | |
|---|---|---|
| Accounts receivable, net | $141,424 | $120,190 |
| Contract liabilities | (9,535) | (10,462) |
During the year ended January 3, 2026, we recognized $10.5 million of revenue that was previously included in the contract liability balance at the beginning of the period.
Disaggregation of Revenue
The following table disaggregates our net sales by channel, product category, and geography for the periods indicated (in thousands):
| 2025(1) | 2024(1) | 2023(1) | |||
| Net Sales by Channel: | |||||
|---|---|---|---|---|---|
| Wholesale | $740,703 | $742,278 | $661,000 | ||
| Direct-to-consumer | 1,127,791 | 1,087,595 | 997,713 | ||
| Total net sales | $1,868,494 | $1,829,873 | $1,658,713 | ||
| Net Sales by Category: | |||||
| Coolers & Equipment | $748,523 | $698,606 | $597,511 | ||
| Drinkware | 1,085,838 | 1,094,165 | 1,022,982 | ||
| Other | 34,133 | 37,102 | 38,220 | ||
| Total net sales | $1,868,494 | $1,829,873 | $1,658,713 | ||
| Net Sales by Geographic Region(2): | |||||
| United States | $1,474,141 | $1,490,468 | $1,398,925 | ||
| International | 394,353 | 339,405 | 259,788 | ||
| Total net sales | $1,868,494 | $1,829,873 | $1,658,713 | ||
(1)Includes the impact from the recall reserve adjustment. See Note 12 for further discussion of our product recalls.
(2)Net sales by geographic region is based on end-consumer location.
No individual customer accounted for 10% or more of our gross sales during 2025, 2024, and 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.