YETI Sets Long-Term Targets To 2030 Including Low Double-Digit To High-Teens Annual Adjusted EPS Growth, High Single-Digit To Low Double-Digit Annual Adjusted Operating Income Growth; Identifies $100M Of Productivity Opportunity Through Project Upcycle; Reaffirms FY26 Guidance

YETI Holdings, Inc. ("YETI") (NYSE:YETI) will host its 2026 Investor Day today in Austin, Texas. Under the theme "Built for the Wild: Field-Tested. Made for More.," YETI’s leadership team will outline how the Company intends to build on its iconic brand, accelerate innovation, strengthen commercialization and scale a proven international playbook to drive increasingly profitable growth and long-term shareholder value.Matt Reintjes, Chair of the Board, President and Chief Executive Officer said, "We have spent two decades building a field-tested foundation, and we believe YETI is well positioned to expand what we build, where we sell it and how far our brand can travel. The capabilities beneath the business are stronger, the playbook is clearer and the opportunity is broader. The next chapter for YETI is about building a larger, more global and more durable company, supported by expanding product platforms, improving profitability and strong free cash flow generation. As we enter our next decade, we are focused on four priorities: creating the next billion dollars of sales, building our next billion-dollar product platform, generating a billion dollars of sales outside the United States and delivering more than a billion dollars of cumulative free cash flow. These priorities are underpinned by a clear operating plan and disciplined capital allocation framework, which we believe will drive durable growth and attractive long-term shareholder returns."A Focused Strategy Built to CompoundYETI will detail four mutually reinforcing growth engines as part of investor day presentations:Build on a strong foundation and extend the brand. Deepen YETI’s relevance in the communities it serves while earning a place in more moments, with more consumers and across more geographies.Accelerate Innovation. Apply a repeatable innovation engine to expand product families across Gear & Equipment, Home & Hydration, and Bags & Soft Coolers, with Bags & Soft Coolers becoming YETI’s next billion-dollar platform.Power US commercialization. Put the right product in the right place with the right story through sharper consumer vertical strategies, complementary channel expansion, and a more disciplined end-to-end go-to-market process.Scale globally. Repeat a proven playbook that builds credibility, activates locally and scales through wholesale, direct-to-consumer and marketplace channels, positioning YETI to generate a billion dollars of International sales. Long-Term Financial FrameworkYETI’s long-term financial algorithm through Fiscal 2030 is the basis for the Company’s long-term financial commitments and is designed to translate diversified sales growth into faster earnings growth and strong free cash flow generation – the majority of which will continue to be returned to shareholders via share repurchases:Long-Term Metric Financial FrameworkAnnual net sales growth Mid-single-digit to High-single-digitAnnual adjusted operating income growth High-single-digit to Low-double-digitAnnual adjusted EPS growth Low-double-digit to High-teensCumulative free cash flow (5-year period ending Fiscal 2030) $1.2 billion to $1.4 billionThe Company intends to fund its highest-return organic growth opportunities, maintain balance-sheet flexibility, selectively pursue tuck-in acquisitions that add capability or speed, and return excess cash to shareholders, primarily through share repurchases. Through Project Upcycle, YETI’s enterprise-wide productivity initiative, the Company has identified approximately $100 million of productivity opportunity across cost of goods sold and operating expenses to help fund growth investments, offset mix pressures, and support sustainable margin expansion.Fiscal 2026 Outlook ReiteratedYETI is reiterating the Fiscal 2026 outlook most recently provided on August 13, 2026:Fiscal 2026 Metric OutlookSales growth 7% to 8%Adjusted operating income growth 10% to 12%Adjusted operating income as a percentage of sales 14.9%Adjusted EPS $2.94 to $3.00Effective tax rate (GAAP) 24%Diluted weighted average shares outstanding 75.4 millionCapital expenditures $60 million to $70 millionFree cash flow $200 million to $225 million