$YETI Q2’26 EARNINGS HIGHLIGHTS 🔹 Net Sales: $483.9M (Est. $484M) 🟡; +9% YoY 🔹 Adj. EPS: $0.67 (Est. $0.55) 🟢; +2% YoY 🔹 Gross Margin: 66.7%; +890 bps YoY, incl. 780 bps net tariff benefit 🔹 Adj. Operating Income: $68.2M; -7% YoY FY26 Guide: 🔹 Adj. EPS: $2.94-$3.00 (Est. $2.89) 🟢; from $2.83-$2.89 🔹 CapEx: $60M-$70M (Est. $64.6M) 🟡 🔹 Free Cash Flow: $200M-$225M (Est. $203M) 🟢 🔹 Sales Growth: +7%-+8% 🔹 Adj. Op Inc. Growth: +10%-+12%; from +8%-+10% 🔹 Adj. Op Inc. Margin: 14.9%; from 14.6% Segment Net Revenue: 🔹 Coolers & Equipment: $232.4M; +16% YoY 🔹 Drinkware: $241.4M; +2% YoY 🔹 International: $92.9M; +19% YoY 🔹 Wholesale: $218.0M; +10% YoY Other Q2 Metrics: 🔹 Adjusted Gross Margin: 59.5%; +170 bps YoY, incl. 60 bps net tariff benefit 🔹 IEEPA Tariff Refund Net Benefit: $45.6M; includes $42.6M reduction of COGS and $2.9M interest income Comments: 🔸 “stronger-than-expected profitability.” 🔸 “In an uneven consumer environment, demand across our product platforms remained strong, driven by the durability, design, and performance that differentiate YETI.”