YETI HOLDINGS, INC., 10-Q filed on 5/14/2026
Quarterly Report
v3.26.1
COVER PAGE - shares
3 Months Ended
Apr. 04, 2026
May 07, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Apr. 04, 2026  
Document Transition Report false  
Entity File Number 001-38713  
Entity Registrant Name YETI Holdings, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 45-5297111  
Entity Address, Address Line One 7601 Southwest Parkway  
Entity Address, City or Town Austin  
Entity Address, State or Province TX  
Entity Address, Postal Zip Code 78735  
City Area Code 512  
Local Phone Number 394-9384  
Title of 12(b) Security Common stock, par value $0.01 per share  
Trading Symbol YETI  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   75,758,323
Entity Central Index Key 0001670592  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Current Fiscal Year End Date --01-02  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Apr. 04, 2026
Jan. 02, 2026
Current assets    
Cash $ 127,791 $ 188,342
Accounts receivable, net 136,023 141,424
Inventory 318,362 290,611
Prepaid expenses and other current assets 60,145 39,949
Total current assets 642,321 660,326
Property and equipment, net 142,443 142,105
Operating lease right-of-use assets 127,803 131,531
Goodwill 72,308 72,308
Intangible assets, net 223,908 219,791
Other assets 9,835 9,357
Total assets 1,218,618 1,235,418
Current liabilities    
Accounts payable 146,574 140,214
Accrued expenses and other current liabilities 114,327 135,353
Taxes payable 10,107 15,897
Accrued payroll and related costs 14,748 22,659
Current operating lease liabilities 15,189 15,044
Current maturities of long-term debt 4,678 5,172
Total current liabilities 305,623 334,339
Long-term debt, net of current portion 67,373 68,301
Operating lease liabilities, non-current 137,391 139,945
Other liabilities 48,304 42,557
Total liabilities 558,691 585,142
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Common stock, par value $0.01; 600,000,000 shares authorized; 90,679,836 and 75,719,180 shares issued and outstanding at April 4, 2026, respectively, and 89,952,916 and 74,992,260 shares issued and outstanding at January 3, 2026, respectively 907 900
Treasury stock, at cost; 14,960,656 shares at April 4, 2026 and 14,960,656 shares at January 3, 2026 (602,268) (602,268)
Preferred stock, par value $0.01; 30,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 471,158 471,770
Retained earnings 789,363 779,512
Accumulated other comprehensive gain 767 362
Total stockholders’ equity 659,927 650,276
Total liabilities and stockholders’ equity $ 1,218,618 $ 1,235,418
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares
Apr. 04, 2026
Jan. 02, 2026
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 600,000,000 600,000,000
Common stock, issued (in shares) 90,679,836 89,952,916
Common stock, outstanding (in shares) 75,719,180 74,992,260
Treasury stock, shares (in shares) 14,960,656 14,960,656
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 30,000,000 30,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Income Statement [Abstract]    
Net sales $ 380,414 $ 351,128
Cost of goods sold 170,203 149,406
Gross profit 210,211 201,722
Selling, general, and administrative expenses 197,773 180,051
Operating income 12,438 21,671
Interest (expense) income, net (1,117) 308
Other income, net 979 1,376
Income before income taxes 12,300 23,355
Income tax expense (2,449) (6,746)
Net income $ 9,851 $ 16,609
Net income per share    
Basic (in dollars per share) $ 0.13 $ 0.20
Diluted (in dollars per share) $ 0.13 $ 0.20
Weighted-average common shares outstanding    
Basic (in shares) 75,319 82,598
Diluted (in shares) 76,747 83,543
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 9,851 $ 16,609
Other comprehensive income (loss)    
Foreign currency translation adjustments 405 (1,009)
Total comprehensive income $ 10,256 $ 15,600
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of the period (shares) at Dec. 28, 2024   89,189,000        
Balance at beginning of the period at Dec. 28, 2024 $ 740,107 $ 892 $ 405,921 $ (281,587) $ 614,125 $ 756
Balance at beginning of the period (shares) at Dec. 28, 2024       (6,251,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 10,144   10,144      
Common stock issued under employee benefit plans (in shares)   444,000        
Common stock issued under employee benefit plans 0 $ 4 (4)      
Common stock withheld related to net share settlement of stock-based compensation (in shares)   (39,000)        
Common stock withheld related to net share settlement of stock-based compensation (1,542)   (1,542)      
Repurchase of common stock, including excise tax (47)   20,000 $ (20,047)    
Repurchase of common stock, including excise tax (in shares)       (552,000)    
Other comprehensive income (loss) (1,009)         (1,009)
Net income 16,609       16,609  
Balance at end of the period (shares) at Mar. 29, 2025   89,594,000        
Balance at end of the period at Mar. 29, 2025 764,262 $ 896 434,519 $ (301,634) 630,734 (253)
Balance at end of the period (shares) at Mar. 29, 2025       (6,803,000)    
Balance at beginning of the period (shares) at Jan. 02, 2026   89,952,000        
Balance at beginning of the period at Jan. 02, 2026 $ 650,276 $ 900 471,770 $ (602,268) 779,512 362
Balance at beginning of the period (shares) at Jan. 02, 2026 (14,960,656)     (14,961,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation $ 9,401   9,401      
Common stock issued under employee benefit plans (in shares)   937,000        
Common stock issued under employee benefit plans 0 $ 9 (9)      
Common stock withheld related to net share settlement of stock-based compensation (in shares)   (210,000)        
Common stock withheld related to net share settlement of stock-based compensation (10,006) $ (2) (10,004)      
Other comprehensive income (loss) 405         405
Net income 9,851       9,851  
Balance at end of the period (shares) at Apr. 04, 2026   90,679,000        
Balance at end of the period at Apr. 04, 2026 $ 659,927 $ 907 $ 471,158 $ (602,268) $ 789,363 $ 767
Balance at end of the period (shares) at Apr. 04, 2026 (14,960,656)     (14,961,000)    
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Cash Flows from Operating Activities:    
Net income $ 9,851 $ 16,609
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 13,972 13,152
Amortization of deferred financing fees 159 161
Stock-based compensation 9,401 10,144
Deferred income taxes 4,799 5,708
Impairment of long-lived assets 973 0
Product recalls 477 0
Other 959 (3,612)
Changes in operating assets and liabilities:    
Accounts receivable 6,217 170
Inventory (26,901) (20,220)
Other current assets (20,136) (11,960)
Accounts payable and accrued expenses (28,363) (63,009)
Taxes payable (5,763) (27,783)
Other 1,706 344
Net cash used in operating activities (32,649) (80,296)
Cash Flows from Investing Activities:    
Purchases of property and equipment (11,119) (8,901)
Additions of intangibles, net (3,408) (6,609)
Net cash used in investing activities (14,527) (15,510)
Cash Flows from Financing Activities:    
Repayments of long-term debt (1,055) (1,055)
Taxes paid in connection with employee stock transactions (10,006) (1,542)
Payments of finance lease obligations (527) (3,874)
Net cash used in financing activities (11,588) (6,471)
Effect of exchange rate changes on cash (1,787) 2,524
Net decrease in cash (60,551) (99,753)
Cash, beginning of period 188,342 358,795
Cash, end of period $ 127,791 $ 259,042
v3.26.1
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Apr. 04, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Organization and Business

Headquartered in Austin, Texas, YETI Holdings, Inc. is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. We sell our products through our wholesale channel, including independent retailers and national and regional accounts across a wide variety of end user markets, as well as through our direct-to-consumer (“DTC”) channel, which includes our websites, YETI Authorized on the Amazon Marketplace, our corporate sales program, and our retail stores. We operate in the U.S., Canada, Australia, New Zealand, Europe, the United Kingdom, and Asia.

The terms “we,” “us,” “our,” “YETI” and “the Company” as used herein and unless otherwise stated or indicated by context, refer to YETI Holdings, Inc. and its subsidiaries.

Basis of Presentation and Principles of Consolidation

The unaudited condensed consolidated financial statements and the accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, our financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary for a fair statement of our results of operations for the interim periods. Intercompany balances and transactions are eliminated in consolidation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations of the SEC. The consolidated balance sheet as of January 3, 2026 is derived from the audited financial statements included in our Annual Report on Form 10-K filed with the SEC for the year ended January 3, 2026, which should be read in conjunction with these unaudited consolidated financial statements and notes thereto.

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses during the reporting period and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements. Estimates and assumptions about future events and their effects cannot be made with certainty. Estimates may change as new events occur, when additional information becomes available and if our operating environment changes. Actual results could differ from our estimates.

Fiscal Year End

We have a 52- or 53-week fiscal year that ends on the Saturday closest in proximity to December 31, such that each quarterly period will be 13 weeks in length, except during a 53-week year when the fourth quarter will be 14 weeks. Our fiscal year ending January 2, 2027 (“2026”) is a 52-week period. The first quarter of our fiscal year 2026 ended on April 4, 2026, the second quarter ends on July 4, 2026, and the third quarter ends on October 3, 2026. Our fiscal year ended January 3, 2026 (“2025”) was a 53-week period. Unless otherwise stated, references to particular years, quarters, months and periods refer to our fiscal years and the associated quarters, months, and periods of those fiscal years. The unaudited condensed consolidated financial results presented herein represent the three months ended April 4, 2026 and March 29, 2025.

Accounts Receivable

Accounts receivable are recorded net of estimated credit losses. Our allowance for credit losses was $0.5 million as of April 4, 2026 and $0.8 million as of January 3, 2026.
Inventory

Inventories are comprised primarily of finished goods and are carried at the lower of cost (primarily using the weighted-average cost method) or market (net realizable value). At April 4, 2026 and January 3, 2026, inventory reserves were $3.6 million and $2.8 million, respectively.

Fair Value of Financial Instruments

For financial assets and liabilities recorded at fair value on a recurring or non-recurring basis, fair value is the price we would receive to sell an asset, or pay to transfer a liability, in an orderly transaction with a market participant at the measurement date. In the absence of such data, fair value is estimated using internal information consistent with what market participants would use in a hypothetical transaction. In determining fair value, observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions; preference is given to observable inputs. These two types of inputs create the following fair value hierarchy:

Level 1:    Quoted prices for identical instruments in active markets.
Level 2:    Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
Level 3:    Significant inputs to the valuation model are unobservable.

Our financial instruments consist principally of cash, accounts receivable, accounts payable, and bank indebtedness. The carrying amount of cash, accounts receivable, and accounts payable approximates fair value due to the short-term maturity of these instruments. The carrying amount of our long-term bank indebtedness approximates fair value based on Level 2 inputs since our senior secured credit facility (the “Credit Facility”) carries a variable interest rate that is based on the Secured Overnight Financing Rate (“SOFR”).

Supplier Finance Program Obligations

We have a supplier finance program (“SFP”) with a financial institution which provides certain suppliers the option, at their sole discretion, to participate in the program and sell their receivables due from us for early payment. Participating eligible suppliers negotiate the terms directly with the financial institution and we have no involvement in establishing those terms nor are we a party to these agreements. Our payments associated with the invoices from the suppliers participating in the SFP are made to the financial institution according to the original invoice. The outstanding payment obligations under the SFP recorded within accounts payable in our condensed consolidated balance sheets at April 4, 2026 and January 3, 2026 were $69.6 million and $54.0 million, respectively.

Recently Adopted Accounting Pronouncements

In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments in this update provide entities with a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets accounted for under Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. This update is effective for annual periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, with early adoption permitted. We have prospectively adopted this ASU and applied the practical expedient which assumes that current conditions as of the balance sheet date do not change over the remaining life of the asset when estimating expected credit losses for current accounts receivable and current contract assets. The adoption had no material impact on the unaudited condensed consolidated financial statements and related disclosures.

Recent Accounting Guidance Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in this update are intended to improve disclosures about an entity’s expenses and provide detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion, in commonly presented expense captions on the face of financial statements. This update is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our related disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The amendments in this update are intended to modernize the accounting for internal-use software costs accounted for under ASC Subtopic 350-40. The amendment removes all references to software development project stages and requires entities to start capitalizing software costs when both of the following occur: (i) funding has been committed and management authorization has been granted, and (ii) it is probable the project will be completed. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our consolidated financial statements and related disclosures.

In November 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. The amendments in this update are intended to provide further clarity about the current interim disclosure requirements and the applicability of Topic 270. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our consolidated financial statements and related disclosures.
v3.26.1
REVENUE
3 Months Ended
Apr. 04, 2026
Revenue from Contract with Customer [Abstract]  
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):
April 4,
2026
January 3,
2026
Accounts receivable, net$136,023 $141,424 
Contract liabilities$(10,219)$(9,535)

For the three months ended April 4, 2026, we recognized $6.6 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 (based on end-consumer location) for the periods indicated (in thousands):
Three Months Ended
April 4,
2026
March 29,
2025
Net Sales by Channel
Wholesale$183,595 $154,912 
Direct-to-consumer196,819 196,216 
Total net sales$380,414 $351,128 
Net Sales by Category
Coolers & Equipment$156,101 $140,217 
Drinkware216,905 205,601 
Other7,408 5,310 
Total net sales$380,414 $351,128 
Net Sales by Geographic Region
United States$293,086 $271,275 
International87,328 79,853 
Total net sales$380,414 $351,128 

For each of the three months ended April 4, 2026 and March 29, 2025, no single customer represented over 10% of gross sales.
v3.26.1
PREPAID EXPENSES AND OTHER CURRENT ASSETS
3 Months Ended
Apr. 04, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets include the following (in thousands):
April 4,
2026
January 3,
2026
Prepaid expenses$32,031 $14,865 
Prepaid taxes18,468 15,092 
Other9,646 9,992 
Total prepaid expenses and other current assets$60,145 $39,949 
v3.26.1
INCOME TAXES
3 Months Ended
Apr. 04, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Income tax expense was $2.4 million and $6.7 million for the three months ended April 4, 2026 and March 29, 2025, respectively. The decrease in income tax expense was primarily due to lower income before income taxes. The effective tax rate for the three months ended April 4, 2026 was 19.9% compared to 28.9% for the three months ended March 29, 2025. The lower effective tax rate was primarily due to the impact of a discrete tax benefit related to stock-based compensation in the three months ended April 4, 2026.

Deferred tax liabilities were $27.4 million as of April 4, 2026 and $22.3 million as of January 3, 2026. Deferred tax liabilities are presented in other liabilities on our unaudited condensed consolidated balance sheet.

The Organization for Economic Co-operation and Development enacted model rules for a new global minimum tax framework, also known as Pillar Two, and certain governments globally have enacted, or are in the process of enacting, legislation to address Pillar Two. For the three months ended April 4, 2026, the impact of Pillar Two on our consolidated financial statements was not material.
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The effects of the OBBBA were incorporated into our income tax provision for the three months ended April 4, 2026. There was no material impact to our income tax expense for the first quarter of 2026. We will continue to evaluate the impacts of the OBBBA and do not expect the OBBBA to have a material impact on our consolidated financial statements.

For interim periods, our income tax expense and resulting effective tax rate are based upon an estimated annual effective tax rate adjusted for the effects of items required to be treated as discrete to the period, including changes in tax laws, changes in estimated exposures for uncertain tax positions, and other items.
v3.26.1
STOCK-BASED COMPENSATION
3 Months Ended
Apr. 04, 2026
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
We award stock-based compensation to employees and directors under our 2024 Equity and Incentive Compensation Plan (“2024 Plan”). The 2024 Plan was approved by the Company’s stockholders in May 2024 and replaced the 2018 Equity and Incentive Compensation Plan (the “2018 Plan”). No new awards have been or will be granted under the 2018 Plan since the 2024 Plan was approved. The 2018 Plan replaced the 2012 Equity and Performance Incentive Plan, as amended and restated on June 20, 2018 (the “2012 Plan”). No awards remain outstanding under the 2012 Plan. Awards outstanding under the 2018 Plan will continue to remain outstanding according to their terms. Shares subject to stock awards granted under the 2018 Plan (a) that expire or terminate without being exercised or (b) that are forfeited under an award, return to the 2024 Plan.

We recognized non-cash stock-based compensation expense of $9.4 million and $10.1 million for the three months ended April 4, 2026 and March 29, 2025, respectively. At April 4, 2026, total unrecognized stock-based compensation expense of $81.9 million for all stock-based compensation plans is expected to be recognized over a weighted-average period of 2.3 years.

Stock-based activity for the three months ended April 4, 2026 is summarized below (in thousands, except per share data):
Stock Options
Performance-Based
Restricted Stock Units
Restricted Stock Units and Deferred Stock Units
Number of OptionsWeighted
Average Exercise
Price
Number of PRSUs
Weighted
Average Grant
Date Fair Value
Number of RSUs and DSUs
Weighted
Average Grant Date
Fair Value
Balance, January 3, 2026559 $19.72 653 $40.03 1,634 $37.38 
Granted— — 230 52.47 684 47.24 
Exercised/released— — (484)38.17 (453)37.87 
Performance adjustment(1)
— — 242 38.33 — — 
Forfeited/expired— — (29)42.87 (113)38.87 
Balance, April 4, 2026559 $19.72 612 $45.37 1,752 $41.01 
_________________________
(1)Represents additional performance-based awards issued as a result of the achievement of actual performance results above the performance targets at grant date.
v3.26.1
EARNINGS PER SHARE
3 Months Ended
Apr. 04, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the effect of all potentially dilutive securities, which includes dilutive stock options and other stock-based awards.

The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):
Three Months Ended
April 4,
2026
March 29,
2025
Net income$9,851 $16,609 
Weighted-average common shares outstanding—basic75,319 82,598 
Effect of dilutive securities1,428 945 
Weighted-average common shares outstanding—diluted76,747 83,543 
Earnings per share
Basic$0.13 $0.20 
Diluted$0.13 $0.20 
Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three months ended April 4, 2026 and March 29, 2025, outstanding stock-based awards representing 0.8 million and 1.0 million shares, respectively, of common stock were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.
v3.26.1
STOCKHOLDERS' EQUITY
3 Months Ended
Apr. 04, 2026
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
In 2024, our Board of Directors authorized the repurchase of up to $300.0 million of YETI’s common stock (the “Share Repurchase Program”), excluding fees, commissions, and excise tax due under the Inflation Reduction Act of 2022. Repurchases under the Share Repurchase Program may be made from time to time at prevailing prices in the open market, through various methods, including, but not limited to, open market, privately negotiated, or accelerated share repurchase transactions. Repurchases under the Share Repurchase Program may also be made pursuant to a plan adopted under Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The timing, manner, price, and actual amount of share repurchases are determined by management based on various factors, including, but not limited to, stock price, economic and market conditions, other capital allocation needs and opportunities, and corporate and regulatory considerations. YETI has no obligation to repurchase any amount of our common stock, and such repurchases may be suspended or discontinued at any time. All shares repurchased under the Share Repurchase Program are held as treasury stock.

During 2024, we entered into two separate accelerated share repurchase agreements (the “2024 ASR Agreements”) to repurchase an aggregate of $200.0 million of YETI’s common stock. The first accelerated share repurchase agreement was completed in the second quarter of 2024 and resulted in the total repurchase of approximately 2.6 million shares. The second accelerated share repurchase agreement was entered into during the fourth quarter of 2024 and was completed in January 2025, resulting in the total repurchase of approximately 2.5 million shares, of which approximately 0.5 million shares were received during the three months ended March 29, 2025.

During the first quarter of 2025, our Board of Directors approved a $350.0 million increase to the Share Repurchase Program authorization. In 2025, we repurchased approximately 8.0 million shares of YETI’s common stock on the open market for approximately $300.0 million. As of January 3, 2026, approximately $152.0 million remained available for repurchases under the Share Repurchase Program.

In May 2026, our Board of Directors approved an approximately $348.0 million increase to the Share Repurchase Program, resulting in $500.0 million remaining available as of May 14, 2026.
v3.26.1
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Apr. 04, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Claims and Legal Proceedings

We are involved in various claims and legal proceedings, some of which are covered by insurance. We believe that our existing claims and proceedings, and the potential losses relating to such contingencies, will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

IEEPA Tariff Refunds

During 2025, the U.S. government implemented incremental tariffs on imports from many countries where our products are produced. In February 2026, the U.S. Supreme Court found unlawful the tariffs imposed under the International Emergency Economic Power Act (“IEEPA”). The ruling introduced the potential for importers of record, including us, to receive refunds on tariffs paid under the IEEPA. Although certain refund claims may now be submitted, significant uncertainty remains regarding the eligibility, timing and amount of any potential refunds. We estimate that we have paid approximately $66.5 million in tariffs under the IEEPA. The IEEPA tariff refunds may be subject to taxes and other adjustments or cause us to incur additional costs. Given the uncertainties, as of April 4, 2026, we determined that potential recovery of any funds was not probable. As such, we did not recognize a receivable and corresponding offset to expense related to the potential refund as of April 4, 2026. We will continue to evaluate new information and developments, and will recognize an asset or receivable as recovery becomes probable. In addition, even though the U.S. Supreme Court found unlawful the tariffs imposed under the IEEPA, the U.S. government has implemented and may implement new tariffs under other statutory authorities.
v3.26.1
SEGMENT INFORMATION
3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our Chief Operating Decision Maker (“CODM”), who is our Chief Executive Officer, reviews financial information, makes operating decisions, evaluates operating performance, and allocates resources based on consolidated net income. We manage our business as one reportable operating segment that constitutes consolidated results. Our operational structure, which includes sales, research, product design, operations, marketing, and administrative functions, is focused on the entire product suite rather than individual product categories, channels, and geographies.

The following table presents segment information for net sales, segment profit, and significant expenses (in thousands):
Three Months Ended
April 4,
2026
March 29,
2025
Net sales$380,414 $351,128 
Cost of goods sold(1)
170,203 149,406 
Gross profit210,211 201,722 
Selling, general, and administrative expenses
Distribution and fulfillment64,383 59,674 
Compensation and benefits(2)
53,432 49,855 
Marketing28,622 25,932 
General and administrative(3)
42,285 36,510 
Depreciation and amortization 8,875 8,080 
Product recall(4)
176 — 
Total selling, general and administrative expenses
197,773 180,051 
Operating income12,438 21,671 
Interest (expense) income, net
(1,117)308 
Other income, net
979 1,376 
Income before income taxes12,300 23,355 
Income tax expense(2,449)(6,746)
Net income$9,851 $16,609 
_________________________
(1)Includes depreciation expense of $5.1 million for each of the three months ended April 4, 2026 and March 29, 2025.
(2)Represents employee compensation and benefits, including non-cash stock-based compensation expense.
(3)Includes information technology, corporate infrastructure costs, contract labor, professional fees and services, asset impairments, organizational realignment costs, and certain executive severance costs.
(4)Represents adjustments and charges associated with product recalls.
v3.26.1
Insider Trading Arrangements
3 Months Ended
Apr. 04, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Apr. 04, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and Principles of Consolidation
Basis of Presentation and Principles of Consolidation
The unaudited condensed consolidated financial statements and the accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, our financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary for a fair statement of our results of operations for the interim periods. Intercompany balances and transactions are eliminated in consolidation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations of the SEC. The consolidated balance sheet as of January 3, 2026 is derived from the audited financial statements included in our Annual Report on Form 10-K filed with the SEC for the year ended January 3, 2026, which should be read in conjunction with these unaudited consolidated financial statements and notes thereto.
Use of Estimates
Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses during the reporting period and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements. Estimates and assumptions about future events and their effects cannot be made with certainty. Estimates may change as new events occur, when additional information becomes available and if our operating environment changes. Actual results could differ from our estimates.
Fiscal Year End
Fiscal Year End

We have a 52- or 53-week fiscal year that ends on the Saturday closest in proximity to December 31, such that each quarterly period will be 13 weeks in length, except during a 53-week year when the fourth quarter will be 14 weeks. Our fiscal year ending January 2, 2027 (“2026”) is a 52-week period. The first quarter of our fiscal year 2026 ended on April 4, 2026, the second quarter ends on July 4, 2026, and the third quarter ends on October 3, 2026. Our fiscal year ended January 3, 2026 (“2025”) was a 53-week period. Unless otherwise stated, references to particular years, quarters, months and periods refer to our fiscal years and the associated quarters, months, and periods of those fiscal years. The unaudited condensed consolidated financial results presented herein represent the three months ended April 4, 2026 and March 29, 2025.
Accounts Receivable
Accounts Receivable
Accounts receivable are recorded net of estimated credit losses.
Inventory
Inventory
Inventories are comprised primarily of finished goods and are carried at the lower of cost (primarily using the weighted-average cost method) or market (net realizable value).
Fair Value of Financial Instruments
Fair Value of Financial Instruments

For financial assets and liabilities recorded at fair value on a recurring or non-recurring basis, fair value is the price we would receive to sell an asset, or pay to transfer a liability, in an orderly transaction with a market participant at the measurement date. In the absence of such data, fair value is estimated using internal information consistent with what market participants would use in a hypothetical transaction. In determining fair value, observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions; preference is given to observable inputs. These two types of inputs create the following fair value hierarchy:

Level 1:    Quoted prices for identical instruments in active markets.
Level 2:    Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
Level 3:    Significant inputs to the valuation model are unobservable.

Our financial instruments consist principally of cash, accounts receivable, accounts payable, and bank indebtedness. The carrying amount of cash, accounts receivable, and accounts payable approximates fair value due to the short-term maturity of these instruments. The carrying amount of our long-term bank indebtedness approximates fair value based on Level 2 inputs since our senior secured credit facility (the “Credit Facility”) carries a variable interest rate that is based on the Secured Overnight Financing Rate (“SOFR”).
Supplier Finance Program Obligations We have a supplier finance program (“SFP”) with a financial institution which provides certain suppliers the option, at their sole discretion, to participate in the program and sell their receivables due from us for early payment. Participating eligible suppliers negotiate the terms directly with the financial institution and we have no involvement in establishing those terms nor are we a party to these agreements. Our payments associated with the invoices from the suppliers participating in the SFP are made to the financial institution according to the original invoice.
Recently Adopted Accounting Pronouncements and Recent Accounting Guidance Not Yet Adopted
Recently Adopted Accounting Pronouncements

In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments in this update provide entities with a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets accounted for under Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. This update is effective for annual periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, with early adoption permitted. We have prospectively adopted this ASU and applied the practical expedient which assumes that current conditions as of the balance sheet date do not change over the remaining life of the asset when estimating expected credit losses for current accounts receivable and current contract assets. The adoption had no material impact on the unaudited condensed consolidated financial statements and related disclosures.

Recent Accounting Guidance Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in this update are intended to improve disclosures about an entity’s expenses and provide detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion, in commonly presented expense captions on the face of financial statements. This update is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our related disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The amendments in this update are intended to modernize the accounting for internal-use software costs accounted for under ASC Subtopic 350-40. The amendment removes all references to software development project stages and requires entities to start capitalizing software costs when both of the following occur: (i) funding has been committed and management authorization has been granted, and (ii) it is probable the project will be completed. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our consolidated financial statements and related disclosures.

In November 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. The amendments in this update are intended to provide further clarity about the current interim disclosure requirements and the applicability of Topic 270. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the ASU to determine its impact on our consolidated financial statements and related disclosures.
v3.26.1
REVENUE (Tables)
3 Months Ended
Apr. 04, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Accounts Receivable and Contract Liabilities
The following table provides information about accounts receivable and contract liabilities at the periods indicated (in thousands):
April 4,
2026
January 3,
2026
Accounts receivable, net$136,023 $141,424 
Contract liabilities$(10,219)$(9,535)
Schedule of Disaggregates Our Net Sales by Channel, Product Category, and Geography
The following table disaggregates our net sales by channel, product category, and geography (based on end-consumer location) for the periods indicated (in thousands):
Three Months Ended
April 4,
2026
March 29,
2025
Net Sales by Channel
Wholesale$183,595 $154,912 
Direct-to-consumer196,819 196,216 
Total net sales$380,414 $351,128 
Net Sales by Category
Coolers & Equipment$156,101 $140,217 
Drinkware216,905 205,601 
Other7,408 5,310 
Total net sales$380,414 $351,128 
Net Sales by Geographic Region
United States$293,086 $271,275 
International87,328 79,853 
Total net sales$380,414 $351,128 
v3.26.1
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
3 Months Ended
Apr. 04, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets include the following (in thousands):
April 4,
2026
January 3,
2026
Prepaid expenses$32,031 $14,865 
Prepaid taxes18,468 15,092 
Other9,646 9,992 
Total prepaid expenses and other current assets$60,145 $39,949 
v3.26.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Apr. 04, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Activity
Stock-based activity for the three months ended April 4, 2026 is summarized below (in thousands, except per share data):
Stock Options
Performance-Based
Restricted Stock Units
Restricted Stock Units and Deferred Stock Units
Number of OptionsWeighted
Average Exercise
Price
Number of PRSUs
Weighted
Average Grant
Date Fair Value
Number of RSUs and DSUs
Weighted
Average Grant Date
Fair Value
Balance, January 3, 2026559 $19.72 653 $40.03 1,634 $37.38 
Granted— — 230 52.47 684 47.24 
Exercised/released— — (484)38.17 (453)37.87 
Performance adjustment(1)
— — 242 38.33 — — 
Forfeited/expired— — (29)42.87 (113)38.87 
Balance, April 4, 2026559 $19.72 612 $45.37 1,752 $41.01 
_________________________
(1)Represents additional performance-based awards issued as a result of the achievement of actual performance results above the performance targets at grant date.
v3.26.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Apr. 04, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Earnings Per Share and Weighted-Average Common Shares Outstanding
The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):
Three Months Ended
April 4,
2026
March 29,
2025
Net income$9,851 $16,609 
Weighted-average common shares outstanding—basic75,319 82,598 
Effect of dilutive securities1,428 945 
Weighted-average common shares outstanding—diluted76,747 83,543 
Earnings per share
Basic$0.13 $0.20 
Diluted$0.13 $0.20 
v3.26.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information for Net Sales, Segment Profit, and Significant Expenses
The following table presents segment information for net sales, segment profit, and significant expenses (in thousands):
Three Months Ended
April 4,
2026
March 29,
2025
Net sales$380,414 $351,128 
Cost of goods sold(1)
170,203 149,406 
Gross profit210,211 201,722 
Selling, general, and administrative expenses
Distribution and fulfillment64,383 59,674 
Compensation and benefits(2)
53,432 49,855 
Marketing28,622 25,932 
General and administrative(3)
42,285 36,510 
Depreciation and amortization 8,875 8,080 
Product recall(4)
176 — 
Total selling, general and administrative expenses
197,773 180,051 
Operating income12,438 21,671 
Interest (expense) income, net
(1,117)308 
Other income, net
979 1,376 
Income before income taxes12,300 23,355 
Income tax expense(2,449)(6,746)
Net income$9,851 $16,609 
_________________________
(1)Includes depreciation expense of $5.1 million for each of the three months ended April 4, 2026 and March 29, 2025.
(2)Represents employee compensation and benefits, including non-cash stock-based compensation expense.
(3)Includes information technology, corporate infrastructure costs, contract labor, professional fees and services, asset impairments, organizational realignment costs, and certain executive severance costs.
(4)Represents adjustments and charges associated with product recalls.
v3.26.1
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
$ in Millions
Apr. 04, 2026
Jan. 02, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Allowance for credit losses $ 0.5 $ 0.8
Inventory reserves 3.6 2.8
Supplier finance program, obligation $ 69.6 $ 54.0
v3.26.1
REVENUE - Schedule of Accounts Receivable and Contract Liabilities (Details) - USD ($)
$ in Thousands
Apr. 04, 2026
Jan. 02, 2026
Revenue from Contract with Customer [Abstract]    
Accounts receivable, net $ 136,023 $ 141,424
Contract liabilities $ (10,219) $ (9,535)
v3.26.1
REVENUE - Narrative (Details)
$ in Millions
3 Months Ended
Apr. 04, 2026
USD ($)
Revenue from Contract with Customer [Abstract]  
Contract with customer liability revenue recognized $ 6.6
v3.26.1
REVENUE - Schedule of Disaggregates Our Net Sales by Channel, Product Category, and Geography (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Disaggregation of Revenue [Line Items]    
Total net sales $ 380,414 $ 351,128
United States    
Disaggregation of Revenue [Line Items]    
Total net sales 293,086 271,275
International    
Disaggregation of Revenue [Line Items]    
Total net sales 87,328 79,853
Coolers & Equipment    
Disaggregation of Revenue [Line Items]    
Total net sales 156,101 140,217
Drinkware    
Disaggregation of Revenue [Line Items]    
Total net sales 216,905 205,601
Other    
Disaggregation of Revenue [Line Items]    
Total net sales 7,408 5,310
Wholesale    
Disaggregation of Revenue [Line Items]    
Total net sales 183,595 154,912
Direct-to-consumer    
Disaggregation of Revenue [Line Items]    
Total net sales $ 196,819 $ 196,216
v3.26.1
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
$ in Thousands
Apr. 04, 2026
Jan. 02, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid expenses $ 32,031 $ 14,865
Prepaid taxes 18,468 15,092
Other 9,646 9,992
Total prepaid expenses and other current assets $ 60,145 $ 39,949
v3.26.1
INCOME TAXES (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Jan. 02, 2026
Income Tax Disclosure [Abstract]      
Income tax expense $ 2,449 $ 6,746  
Effective income tax rate (as a percent) 19.90% 28.90%  
Deferred tax assets $ 27,400   $ 22,300
v3.26.1
STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Share-Based Payment Arrangement [Abstract]    
Non-cash stock-based compensation expense $ 9,401 $ 10,144
Unrecognized stock-based compensation expense $ 81,900  
Weighted average period for recognition (in years) 2 years 3 months 18 days  
v3.26.1
STOCK-BASED COMPENSATION - Schedule of Stock-Based Activity (Details)
shares in Thousands
3 Months Ended
Apr. 04, 2026
$ / shares
shares
Stock Options  
Number of Options  
Balance at the beginning (in shares) | shares 559
Granted (in shares) | shares 0
Exercised/released (in shares) | shares 0
Performance adjustment (in shares) | shares 0
Forfeited/expired (in shares) | shares 0
Balance at the end (in shares) | shares 559
Weighted Average Exercise Price  
Balance at the beginning (in dollars per share) | $ / shares $ 19.72
Granted (in dollars per share) | $ / shares 0
Exercised/released (in dollars per share) | $ / shares 0
Performance adjustment (in dollars per share) | $ / shares 0
Forfeited/expired (in dollars per share) | $ / shares 0
Balance at the end (in dollars per share) | $ / shares $ 19.72
Performance-Based Restricted Stock Units  
Number of Shares  
Balance at the beginning (in shares) | shares 653
Granted (in shares) | shares 230
Exercised/released (in shares) | shares (484)
Performance adjustment (in shares) | shares 242
Forfeited/expired (in shares) | shares (29)
Balance at the end (in shares) | shares 612
Weighted Average Grant Date Fair Value  
Balance at the beginning (in dollars per share) | $ / shares $ 40.03
Granted (in dollars per share) | $ / shares 52.47
Exercised/released (in dollars per share) | $ / shares 38.17
Performance adjustment (in dollars per share) | $ / shares 38.33
Forfeited/expired (in dollars per share) | $ / shares 42.87
Balance at the end (in dollars per share) | $ / shares $ 45.37
Restricted Stock Units and Deferred Stock Units  
Number of Shares  
Balance at the beginning (in shares) | shares 1,634
Granted (in shares) | shares 684
Exercised/released (in shares) | shares (453)
Performance adjustment (in shares) | shares 0
Forfeited/expired (in shares) | shares (113)
Balance at the end (in shares) | shares 1,752
Weighted Average Grant Date Fair Value  
Balance at the beginning (in dollars per share) | $ / shares $ 37.38
Granted (in dollars per share) | $ / shares 47.24
Exercised/released (in dollars per share) | $ / shares 37.87
Performance adjustment (in dollars per share) | $ / shares 0
Forfeited/expired (in dollars per share) | $ / shares 38.87
Balance at the end (in dollars per share) | $ / shares $ 41.01
v3.26.1
EARNINGS PER SHARE - Schedule of Calculation of Earnings Per Share and Weighted-Average Common Shares Outstanding (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Earnings Per Share [Abstract]    
Net income $ 9,851 $ 16,609
Weighted-average common shares outstanding—basic (in shares) 75,319 82,598
Effect of dilutive securities (in shares) 1,428 945
Weighted-average common shares outstanding—diluted (in shares) 76,747 83,543
Earnings per share    
Basic (in dollars per share) $ 0.13 $ 0.20
Diluted (in dollars per share) $ 0.13 $ 0.20
v3.26.1
EARNINGS PER SHARE - Narrative (Details) - shares
shares in Millions
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Employee Stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of diluted earnings per share (in shares) 0.8 1.0
v3.26.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
shares in Millions
3 Months Ended 12 Months Ended
May 14, 2026
Mar. 29, 2025
Dec. 28, 2024
Jun. 29, 2024
Jan. 02, 2026
Jan. 03, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock repurchase program, authorized amount     $ 300,000,000.0     $ 152,000,000.0
Repurchase of common stock (in shares)         8.0  
Stock repurchased during period, value         $ 300,000,000.0  
Additional amount increase in share repurchase program   $ 350,000,000.0        
ASR Agreements 2024            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock repurchase program, authorized amount     $ 200,000,000.0      
Repurchase of common stock (in shares)   0.5 2.5 2.6    
Subsequent Event            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock repurchase program, authorized amount $ 500,000,000.0          
Additional amount increase in share repurchase program $ 348,000,000.0          
v3.26.1
COMMITMENTS AND CONTINGENCIES - Narrative (Details)
$ in Millions
Apr. 04, 2026
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Gain contingency, unrecorded amount $ 66.5
v3.26.1
SEGMENT INFORMATION - Narrative (Details)
3 Months Ended
Apr. 04, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 1
Number of operating segments 1
v3.26.1
SEGMENT INFORMATION - Schedule of Segment Information for Net Sales, Segment Profit, and Significant Expenses (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Disaggregation of Revenue [Line Items]    
Net sales $ 380,414 $ 351,128
Cost of goods sold 170,203 149,406
Gross profit 210,211 201,722
Depreciation and amortization 13,972 13,152
Product recalls 477 0
Total selling, general and administrative expenses 197,773 180,051
Operating income 12,438 21,671
Interest (expense) income, net (1,117) 308
Other income, net 979 1,376
Income before income taxes 12,300 23,355
Income tax expense (2,449) (6,746)
Net income 9,851 16,609
Depreciation expense 5,100 5,100
Reportable Segment    
Disaggregation of Revenue [Line Items]    
Net sales 380,414 351,128
Cost of goods sold 170,203 149,406
Gross profit 210,211 201,722
Distribution and fulfillment 64,383 59,674
Compensation and benefits 53,432 49,855
Marketing 28,622 25,932
General and administrative 42,285 36,510
Depreciation and amortization 8,875 8,080
Product recalls 176 0
Total selling, general and administrative expenses 197,773 180,051
Operating income 12,438 21,671
Interest (expense) income, net (1,117) 308
Other income, net 979 1,376
Income before income taxes 12,300 23,355
Income tax expense (2,449) (6,746)
Net income $ 9,851 $ 16,609