YETI Reports Second Quarter 2025 Results: EPS Outlook Raised

YETI Reports Second Quarter 2025 Results: EPS Outlook Raised

• 1. YETI Reports Second Quarter 2025 Results 2025-08-07 Raises 2025 EPS Outlook Targets $200 Million in Share Repurchases for 2025 AUSTIN, Texas--(BUSINESS WIRE)-- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its nancial results for the second quarter ended June 28, 2025. YETI reports its nancial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and reconciliations of the non-GAAP nancial measures to the most comparable GAAP nancial measures. Second Quarter 2025 Highlights Net sales decreased 4%, reecting a more promotional drinkware market environment, caution from consumers and our retail partners, and inventory constraints driven by our supply chain transition. EPS increased 3% to $0.61; Adjusted EPS decreased 6% to $0.66, inclusive of $0.07 net impact of higher tari costs in the second quarter of 2025 Repurchased 0.7 million shares for $23 million Matt Reintjes, President and Chief Executive Ocer, commented, “We are making excellent progress on our longterm strategic priorities—accelerating innovation, expanding our global brand, and diversifying our supply chain. We are seeing these strategies play out in the market with momentum in product innovation and diversication across our portfolio with notable strength in bags, our global expansion with exceptional performance in the UK and Europe and strong end user demand in Canada and Australia, and the transformational shift in our supply chain. Our brand continues to expand, connecting both domestically and, importantly, globally. Amidst a disruptive macroeconomic environment, we are positioning YETI to deliver long-term, sustainable top and bottom-line growth supported by a strong nancial foundation. Our strong balance sheet and robust free cash ow generation are 1

• 2. enabling investment in growth initiatives while also advancing our capital allocation priorities, including share repurchases. We exited the second quarter with encouraging momentum across our key growth drivers, and we are seeing signs of continued improvement in the third quarter, reinforcing our condence in the trajectory ahead.” Second Quarter 2025 Results Sales and adjusted sales both decreased 4% to $445.9 million, compared to $463.5 million during the same period last year. Direct-to-consumer (“DTC”) channel sales decreased 1% to $248.6 million, compared to $250.4 million in the prior year quarter. Wholesale channel sales decreased 7% to $197.3 million, compared to $213.1 million in the same period last year, due to a decline in both Drinkware and Coolers & Equipment. Drinkware sales decreased 4% to $236.4 million, compared to $246.5 million in the prior year quarter. As expected, Drinkware growth in our international regions was more than oset by a decline in our U.S. region, reecting a challenging market and inventory constraints driven by our supply chain transition. Coolers & Equipment sales decreased 3% to $200.6 million, compared to $205.9 million in the same period last year. Growth in hard coolers was more than oset by a decline in soft coolers during the quarter. Sales in the U.S. decreased 5% to $367.8 million, compared to $386.9 million in the prior year quarter. International sales rose 2% to $78.1 million, compared to $76.6 million in the prior year quarter reecting strong growth in Europe and our launch in Japan. This was partially oset by conservative inventory purchases and caution from our wholesale partners in other international regions against robust consumer demand. Gross prot decreased 3% to $257.6 million, or 57.8% of sales, compared to $264.3 million, or 57.0% of sales, in the second quarter of 2024. The 80 basis points increase in gross margin was primarily due to lower product costs, selective price increases implemented in the second quarter of 2025 and the absence in the current year quarter of purchase accounting inventory step-up amortization, partially oset by higher tari costs. Adjusted gross prot decreased 4% to $257.6 million, or 57.8% of adjusted sales, compared to $267.5 million, or 57.7% of adjusted sales, in the second quarter of 2024. The 10 basis points increase in adjusted gross margin was primarily due to lower product costs and selective price increases implemented in the second quarter of 2025, partially oset by higher taris. Selling, general, and administrative (“SG&A”) expenses decreased 1% to $195.5 million, compared to $196.9 million in the second quarter of 2024. As a percentage of sales, SG&A expenses increased 140 basis points to 43.9% from 42.5% in the prior year period. This increase was primarily due to higher technology expenses 2

• 3. related to our growth investments. Adjusted SG&A expenses decreased 2% to $184.4 million, compared to $187.5 million in the second quarter of 2024. As a percentage of adjusted sales, adjusted SG&A expenses increased 80 basis points to 41.3% from 40.5% in the prior year period. This increase was primarily due to higher technology expenses related to our growth investments, partially oset by lower employee costs. Operating income decreased 8% to $62.0 million, or 13.9% of sales, compared to $67.4 million, or 14.5% of sales during the prior year quarter. Adjusted operating income decreased 9% to $73.2 million, or 16.4% of adjusted sales, compared to $80.0 million, or 17.3% of adjusted sales during the same period last year. Other income increased to $5.8 million compared to other income of $0.4 million in the second quarter of 2024, primarily due to higher foreign currency gains related to intercompany balances in the current year. Net income increased 1% to $51.2 million, or 11.5% of sales, compared to $50.4 million, or 10.9% of sales in the prior year quarter; Net income per diluted share increased 3% to $0.61, compared to $0.59 in the prior year quarter. Adjusted net income decreased 7% to $55.2 million, or 12.4% of adjusted sales, compared to $59.6 million, or 12.9% of adjusted sales in the prior year quarter; Adjusted net income per diluted share decreased 6% to $0.66, compared to $0.70 per diluted share in the prior year quarter. Six Months Ended June 28, 2025 Results Sales and adjusted sales both decreased 1% to $797.0 million, compared to $804.9 million in the prior year period. DTC channel sales increased 2% to $444.8 million, compared to $438.2 million in the prior year period, primarily due to growth in Coolers & Equipment. Wholesale channel sales decreased 4% to $352.2 million, compared to $366.7 million in the same period last year, primarily due to a decline in Drinkware, partially oset by growth in Coolers & Equipment. Drinkware sales decreased 4% to $442.0 million, compared to $461.1 million in the prior year period. Drinkware growth in our international regions was more than oset by a decline in our U.S. region, reecting a challenging market, and inventory constraints driven by our supply chain transition. Coolers & Equipment sales increased 5% to $340.8 million, compared to $325.8 million in the same period last year, primarily driven by strong performance in bags and hard coolers, partially oset by a decline in soft 3

• 4. coolers. Sales in the U.S. decreased 4%, to $639.0 million, compared to $662.7 million in the prior year period. International sales increased 11%, to $158.0 million, compared to $142.2 million in the prior year period reecting strong growth in Europe, Canada and our launch in Japan. The 11% increase in international sales included an FX headwind of approximately 260 basis points. Gross prot increased to $459.3 million, or 57.6% of sales, compared to $459.1 million, or 57.0% of sales, in the prior year period. The 60 basis points increase in gross margin was primarily due to lower product costs, the absence in the current year quarter of purchase accounting inventory step-up amortization, and selective price increases implemented in the second quarter of 2025, partially oset by higher tari costs and lower mix of our Drinkware category. Adjusted gross prot decreased 1% to $458.9 million, compared to $463.9 million, in the prior year period. Adjusted gross margin was at at 57.6%, compared to the prior year period. Lower product costs and selective price increases implemented in the second quarter of 2025 were oset by higher tari costs and lower mix of our Drinkware category. SG&A expenses increased 3% to $375.6 million, compared to $365.9 million in the prior year period. As a percentage of sales, SG&A expenses increased 160 basis points to 47.1% from 45.5% in the prior year period. This increase was primarily due to higher technology expenses related to our growth investments, and higher employee costs related to non-cash stock-based compensation. Adjusted SG&A expenses increased 2% to $350.5 million, compared to $344.3 million in the prior year period. As a percentage of adjusted sales, adjusted SG&A expenses increased by 120 basis points to 44.0% from 42.8% in the prior year period. This increase was primarily due to higher technology expenses, related to our growth investments. Operating income decreased 10% to $83.7 million, or 10.5% of sales, compared to $93.2 million, or 11.6% of sales during the prior year period. Adjusted operating income decreased 9% to $108.4 million, or 13.6% of adjusted sales, compared to $119.6 million, or 14.9% of adjusted sales during the same period last year. The 9% decrease in adjusted operating income included an FX headwind of approximately 210 basis points. Other income of $7.1 million compared to other expense of $3.7 million in the prior year period, primarily due to foreign currency gains related to intercompany balances in the current year period versus foreign currency losses 4

• 5. on intercompany balances in the prior year period. Net income increased 2% to $67.8 million, or 8.5% of sales, compared to $66.3 million, or 8.2% of sales in the prior year period; Net income per diluted share increased 5% to $0.81, compared to $0.77 in the prior year period. Adjusted net income decreased 9% to $81.0 million, or 10.2% of adjusted sales, compared to $88.9 million, or 11.0% of adjusted sales in the prior year period; Adjusted net income per diluted share decreased 6% to $0.97, compared to $1.03 per diluted share in the prior year period. Adjusted net income per diluted share included an FX headwind of approximately $0.02 or 220 basis points of growth. Balance Sheet and Liquidity Review Cash was $269.7 million, total debt, excluding nance leases and unamortized deferred nancing fees, was $75.9 million, and our $300 million Revolving Credit Facility remained undrawn as of the end of the second quarter of 2025. Inventory decreased 10% to $342.1 million, compared to $378.3 million at the end of the prior year quarter. Capital Allocation Update Pursuant to our existing $450 million share repurchase authorization, in the second quarter of 2025, we repurchased approximately 745,000 shares of YETI’s common stock on the open market for $23.0 million. Based on our current expectations, we anticipate completing approximately $200 million in share repurchases during 2025. In addition, in August 2025, we acquired certain assets, including designs, tooling, and intellectual property, related to a shaker bottle for $38 million in cash. Updated 2025 Outlook Mr. Reintjes concluded, “Our condence in the business and the underlying operating fundamentals supporting our full-year outlook remains unchanged. I’m particularly pleased with the execution on our ongoing supply chain transition which will meaningfully diversify our footprint and capabilities, positioning us for continued expansion and innovation driving long-term success. We are modestly lowering our top-line expectations to reect a slightly more prolonged recovery in drinkware in the U.S. At the same time, we are raising our EPS outlook, primarily due to our strong operating execution and reecting tari reduction on China-sourced products, partially oset by increased taris on imports from other regions. As we look to the second half of 2025, we remain incredibly excited about the innovation we have planned, the continued strength and momentum of our brand, and the global 5

• 6. opportunities we see in front of us.” For Fiscal 2025, a 53-week period, compared to a 52-week period in Fiscal 2024, YETI expects: Adjusted sales to be at to up 2% (versus previous outlook of between 1% and 4%) including an approximately 300 basis point unfavorable impact from supply chain disruptions; Adjusted operating income as a percentage of adjusted sales between 14.0% and 14.5% (versus previous outlook of 12.0%). This outlook reects an approximate 220 basis point net impact from higher tari costs versus the prior year; An eective tax rate of approximately 25.5% (versus previous outlook of 26.0%; compared to 24.5% in the prior year period); Adjusted net income per diluted share between $2.34 and $2.48 (versus previous outlook of between $1.96 and $2.02) including an approximately $0.40 net unfavorable impact from higher tari costs; Diluted weighted average shares outstanding of approximately 82.0 million (versus previous outlook of 83.7 million); Capital expenditures of approximately $50 million (versus previous outlook of $60 million), primarily to support investments in technology, new product innovation, and our supply chain; and Free cash ow between $150 million and $200 million (versus previous outlook of between $100 million and $125 million). Conference Call Details A conference call to discuss the second quarter of 2025 nancial results is scheduled for today, August 7, 2025, at 8:00 a.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at http://investors.yeti.com. A replay will be available through August 21, 2025 by dialing 844-512-2921 (international callers, 412-317-6671). The accompanying access code for this call is 1166514. About YETI Holdings, Inc. Headquartered in Austin, Texas, YETI 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. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, 6

• 7. and we are relentless in our pursuit of building superior products for people to condently enjoy life outdoors and beyond. For more information, please visit www.YETI.com. Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we supplement our results with non-GAAP nancial measures, including adjusted net sales, adjusted gross prot, adjusted gross margin, adjusted SG&A expenses, adjusted operating income, adjusted net income, adjusted net income per diluted share (which we also refer to as adjusted EPS), free cash ow as well as adjusted gross prot, adjusted SG&A expenses, adjusted operating income and adjusted net income as a percentage of adjusted net sales. Our management uses these non-GAAP nancial measures in conjunction with GAAP nancial measures to measure our protability and to evaluate our nancial performance. We believe that these non-GAAP nancial measures provide meaningful supplemental information regarding the underlying operating performance of our business and are appropriate to enhance an overall understanding of our nancial performance. These non-GAAP nancial measures have limitations as analytical tools in that they do not reect all of the amounts associated with our results of operations as determined in accordance with GAAP. Because of these limitations, these non-GAAP nancial measures should be considered along with GAAP nancial performance measures. The presentation of these non-GAAP nancial measures is not intended to be considered in isolation or as a substitute for, or superior to, nancial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP nancial measures to their most directly comparable GAAP nancial measures. A reconciliation of the non-GAAP nancial measures to such GAAP measures can be found below. YETI does not provide a reconciliation of forward-looking non-GAAP to GAAP nancial measures because such reconciliations are not available without unreasonable eorts. This is due to the inherent diculty in forecasting with reasonable certainty certain amounts that are necessary for such reconciliation, including in particular the impacts of product recalls and realized and unrealized foreign currency gains and losses reported within other expense. For the same reasons, we are unable to forecast with reasonable certainty all deductions and additions needed in order to provide a forward-looking GAAP nancial measures at this time. The amount of these deductions and additions may be material and, therefore, could result in forward-looking GAAP nancial measures being materially dierent or less than forward-looking non-GAAP nancial measures. See “Forward-looking statements” below. Forward-looking statements This press release contains ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release 7

• 8. are forward-looking statements. Forward-looking statements include statements containing words such as “anticipate,” “assume,” “believe,” “can have,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “potential,” “seek,” “should,” “target,” “will,” “would,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events. For example, all statements made relating to our cash generation abilities, our position to deliver sustainable top- and bottom-line growth, growth initiatives, capital allocation priorities, our share repurchase program, consumer buying behavior, inventory constraints, supply chain challenges, a promotional retail environment, the impact of taris, future nancial performance, capital expenditures, and our expectations for opportunity, growth, and investments, including those set forth in the quotes from YETI’s President and CEO, and the 2025 nancial outlook provided herein, constitute forwardlooking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to dier materially from those that are expected and, therefore, you should not unduly rely on such statements. The risks and uncertainties that could cause actual results to dier materially from those expressed or implied by these forward-looking statements include but are not limited to: (i) economic conditions or consumer condence in future economic conditions; (ii) our ability to maintain and strengthen our brand and generate and maintain ongoing demand for our products; (iii) our ability to successfully design, develop and market new products; (iv) our ability to eectively manage our growth; (v) our ability to expand into additional consumer markets, and our success in doing so; (vi) the success of our international expansion plans; (vii) our ability to compete eectively in the outdoor and recreation market and protect our brand; (viii) the level of customer spending for our products, which is sensitive to general economic conditions and other factors; (ix) problems with, or loss of, our third-party contract manufacturers and suppliers or an inability to obtain raw materials; (x) uctuations in the cost and availability of raw materials, equipment, labor, and transportation and subsequent manufacturing delays or increased costs; (xi) adverse changes in international trade policies, taris and treaties, including increases in tari rates and the imposition of additional taris; (xii) our ability to accurately forecast demand for our products and our results of operations; (xiii) our relationships with our national, regional, and independent retail partners, who account for a signicant portion of our sales; (xiv) the impact of natural disasters and failures of our information technology on our operations and the operations of our manufacturing partners; (xv) the integration and use of articial intelligence; (xvi) our ability to attract and retain skilled personnel and senior management, and to maintain the continued eorts of our management and key employees; (xvii) the impact of our indebtedness on our ability to invest in the ongoing needs of our business; and (xviii) our ability to successfully execute our share repurchase program and its impact on stockholder value and the volatility of the price of our common stock. For a more extensive list of factors that could materially aect our results, you should read our lings with the United States Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 28, 2024 and our Quarterly Report on Form 10-Q for the quarter ended June 28, 2025, as such lings may be amended, supplemented or superseded from time to time by other reports YETI les with the SEC. 8

• 9. These forward-looking statements are made based upon detailed assumptions and reect management’s current expectations and beliefs. While YETI believes that these assumptions underlying the forward-looking statements are reasonable, YETI cautions that it is very dicult to predict the impact of known factors, and it is impossible for YETI to anticipate all factors that could aect actual results. The forward-looking statements included here are made only as of the date hereof. YETI undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. Many of the foregoing risks and uncertainties may be exacerbated by the global business and economic environment, including ongoing geopolitical conicts. Solely for convenience, certain trademark and service marks referred to in this press release appear without the ® or ™ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and service marks. YETI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net sales $ 445,892 $ 463,499 $ 797,020 $ 804,893 Cost of goods sold 188,323 199,193 337,729 345,774 Gross prot 257,569 264,306 459,291 459,119 Selling, general, and administrative expenses 195,545 196,886 375,596 365,882 Operating income 62,024 67,420 83,695 93,237 Interest income (expense), net 295 (548) 603 111 Other income (expense), net 5,773 391 7,149 (3,710) Income before income taxes 68,092 67,263 91,447 89,638 Income tax expense (16,941) (16,867) (23,687) (23,387) Net income $ 51,151 $ 50,396 $ 67,760 $ 66,251 Net income per share Basic $ 0.62 $ 0.59 $ 0.82 $ 0.77 Diluted $ 0.61 $ 0.59 $ 0.81 $ 0.77 Weighted-average shares outstanding Basic 82,732 84,794 82,665 85,575 Diluted 83,463 85,468 83,503 86,313 YETI HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) June 28, 2025 December 28, 2024 June 29, 2024 ASSETS Current assets C h $ 269 673 $ 358 795 $ 212 937 9

• 10. Cash $ 269,673 $ 358,795 $ 212,937 Accounts receivable, net 163,595 120,190 159,050 Inventory 342,131 310,058 378,296 Prepaid expenses and other current assets 52,771 37,723 56,966 Total current assets 828,170 826,766 807,249 Property and equipment, net 138,224 126,270 131,858 Operating lease right-of-use assets 84,732 78,279 80,425 Goodwill 72,308 72,557 72,894 Intangible assets, net 176,165 172,023 136,886 Other assets 3,445 10,225 2,993 Total assets $ 1,303,044 $ 1,286,120 $ 1,232,305 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 152,290 $ 158,499 $ 175,199 Accrued expenses and other current liabilities 116,803 128,210 112,138 Taxes payable 18,584 38,089 23,821 Accrued payroll and related costs 13,900 28,610 17,856 Operating lease liabilities 21,054 19,621 16,365 Current maturities of long-term debt 6,331 6,475 6,481 Total current liabilities 328,962 379,504 351,860 Long-term debt, net of current portion 70,143 72,821 75,829 Operating lease liabilities, non-current 79,455 73,586 78,217 Other liabilities 21,752 20,102 20,539 Total liabilities 500,312 546,013 526,445 Stockholders’ Equity Common stock 897 892 890 Treasury stock, at cost (324,824) (281,587) (200,878) Additional paid-in capital 445,671 405,921 402,495 Retained earnings 681,885 614,125 504,687 Accumulated other comprehensive (loss) gain (897) 756 (1,334) Total stockholders’ equity 802,732 740,107 705,860 Total liabilities and stockholders’ equity $ 1,303,044 $ 1,286,120 $ 1,232,305 YETI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) Six Months Ended June 28, 2025 June 29, 2024 Cash Flows from Operating Activities: Net income $ 67,760 $ 66,251 Adjustments to reconcile net income to cash provided by (used in) operating activities: Depreciation and amortization 26,297 23,559 Amortization of deferred nancing fees 321 326 Stock-based compensation 21,317 17,325 Deferred income taxes 6,968 (1,966) Impairment of long-lived assets — 2,025 Other (7,292) 2,343 Changes in operating assets and liabilities: Accounts receivable (40,769) (60,085) Inventory (28,864) (25,380) Other current assets (11,506) (9,946) Accounts payable and accrued expenses (35,560) (50,065) Taxes payable (18,572) (13,503) Other 799 1,402 Net cash used in operating activities (19,101) (47,714) Cash Flows from Investing Activities: Purchases of property and equipment (19,943) (21,636) Business acquisition, net of cash acquired — (36,164) Additions of intangibles, net (11,143) (14,635) Net cash used in investing activities (31,086) (72,435) Cash Flows from Financing Activities: Repayments of long-term debt (2,109) (2,109) Taxes paid in connection with employee stock transactions (1,563) (1,202) Payments of nance lease obligations (12,150) (2,491) Repurchases of common stock (22,984) (100,000) Excise tax paid on repurchases of common stock (1,562) — Net cash used in nancing activities (40,368) (105,802) 10

• 11. Eect of exchange rate changes on cash 1,433 (72) Net decrease in cash (89,122) (226,023) Cash, beginning of period 358,795 438,960 Cash, end of period $ 269,673 $ 212,937 YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In thousands) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net sales $ 445,892 $ 463,499 $ 797,020 $ 804,893 Product recall(1) — — — — Adjusted net sales $ 445,892 $ 463,499 $ 797,020 $ 804,893 Gross prot $ 257,569 $ 264,306 $ 459,291 $ 459,119 Transition costs(2) — 3,208 (395) 4,755 Adjusted gross prot $ 257,569 $ 267,514 $ 458,896 $ 463,874 Selling, general, and administrative expenses $ 195,545 $ 196,886 $ 375,596 $ 365,882 Non-cash stock-based compensation expense (11,173) (8,828) (21,317) (17,325) Long-lived asset impairment — — — (2,025) Organizational realignment costs(3) — — (994) (1,122) Stockholder matters(4) — — (2,760) — Transition costs(5) — (140) — (682) Business optimization expense(6) — (415) — (415) Adjusted selling, general, and administrative expenses $ 184,372 $ 187,503 $ 350,525 $ 344,313 Gross margin 57.8% 57.0% 57.6% 57.0% Adjusted gross margin 57.8% 57.7% 57.6% 57.6% SG&A expenses as a % of net sales 43.9% 42.5% 47.1% 45.5% Adjusted SG&A expenses as a % of adjusted net sales 41.3% 40.5% 44.0% 42.8% (1) Represents adjustments and charges associated with product recalls. (2) Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC for the six months ended June 28, 2025. Represents inventory step-up costs and inventory disposal costs in connection with the acquisition of Mystery Ranch, LLC for the three and six months ended June 29, 2024. (3) Represents employee severance costs in connection with strategic organizational realignments. (4) Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025. (5) Represents transition costs in connection with the acquisition of Mystery Ranch, LLC, including third-party business integration costs. (6) Represents start-up, transition and integration costs associated with our new distribution facility in the United Kingdom. YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In thousands, except per share amounts) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Operating income $ 62,024 $ 67,420 $ 83,695 $ 93,237 Adjustments: Non-cash stock-based compensation expense(1) 11,173 8,828 21,317 17,325 Long-lived asset impairment(1) — — — 2,025 Organizational realignment costs(1)(2) — — 994 1,122 B i i i i (1)(5) 415 415 11

• 12. Business optimization expense(1)(5) — 415 — 415 Transition costs(3) — 3,348 (395) 5,437 Shareholder matters(4) — — 2,760 — Adjusted operating income $ 73,197 $ 80,011 $ 108,371 $ 119,561 Net income $ 51,151 $ 50,396 $ 67,760 $ 66,251 Adjustments: Non-cash stock-based compensation expense(1) 11,173 8,828 21,317 17,325 Long-lived asset impairment(1) — — — 2,025 Organizational realignment costs(1)(2) — — 994 1,122 Business optimization expense(1)(5) — 415 — 415 Transition costs(3) — 3,348 (395) 5,437 Shareholder matters(4) — — 2,760 — Other (income) expense, net(6) (5,773) (391) (7,149) 3,710 Tax impact of adjusting items(7) (1,323) (2,989) (4,294) (7,358) Adjusted net income $ 55,228 $ 59,607 $ 80,993 $ 88,927 Net sales $ 445,892 $ 463,499 $ 797,020 $ 804,893 Adjusted net sales $ 445,892 $ 463,499 $ 797,020 $ 804,893 Operating income as a % of net sales 13.9% 14.5% 10.5% 11.6% Adjusted operating income as a % of adjusted net sales 16.4% 17.3% 13.6% 14.9% Net income as a % of net sales 11.5% 10.9% 8.5% 8.2% Adjusted net income as a % of adjusted net sales 12.4% 12.9% 10.2% 11.0% Net income per diluted share $ 0.61 $ 0.59 $ 0.81 $ 0.77 Adjusted net income per diluted share $ 0.66 $ 0.70 $ 0.97 $ 1.03 Weighted average shares outstanding used to compute adjusted net income per diluted share 83,463 85,468 83,503 86,313 (1) These costs are reported in SG&A expenses. (2) Represents employee severance costs in connection with strategic organizational realignments. (3) Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC for the six months ended June 28, 2025. Represents transition costs, inventory step-up and inventory disposal costs, and third-party business integration costs in connection with the acquisition of Mystery Ranch, LLC for the three and six months ended June 29, 2024. (4) Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025. (5) Represents start-up, transition and integration costs associated with our new distribution facility in the United Kingdom. (6) Other (income) expense, net substantially consists of realized and unrealized foreign currency gains and losses on intercompany balances that arise in the ordinary course of business. (7) Represents the tax impact of adjustments calculated at an expected statutory tax rate of 24.5% for each of the three and six months ended June 28, 2025 and June 29, 2024. YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) (In thousands) Three Months Ended June 28, 2025 Three Months Ended June 29, 2024 Net Sales Product Recalls(1) Adjusted Net Sales Net Sales Product Recalls(1) Adjusted Net Sales Channel Wholesale $ 197,296 $ — $ 197,296 $ 213,129 $ — $ 213,129 Direct-to-consumer 248,596 — 248,596 250,370 — 250,370 Total $ 445,892 $ — $ 445,892 $ 463,499 $ — $ 463,499 Category Coolers & Equipment $ 200,572 $ — $ 200,572 $ 205,942 $ — $ 205,942 Drinkware 236,438 — 236,438 246,523 — 246,523 Other 8,882 — 8,882 11,034 — 11,034 Total $ 445,892 $ — $ 445,892 $ 463,499 $ — $ 463,499 Geographic Region United States $ 367,772 $ — $ 367,772 $ 386,886 $ — $ 386,886 International 78,120 — 78,120 76,613 — 76,613 Total $ 445,892 $ — $ 445,892 $ 463,499 $ — $ 463,499 12

• 13. (1) Represents adjustments and charges associated with product recalls. Six Months Ended June 28, 2025 Six Months Ended June 29, 2024 Net Sales Product Recalls(1) Adjusted Net Sales Net Sales Product Recalls(1) Adjusted Net Sales Channel Wholesale $ 352,208 $ — $ 352,208 $ 366,697 $ — $ 366,697 Direct-to-consumer 444,812 — 444,812 438,196 — 438,196 Total $ 797,020 $ — $ 797,020 $ 804,893 $ — $ 804,893 Category Coolers & Equipment $ 340,789 $ — $ 340,789 $ 325,848 $ — $ 325,848 Drinkware 442,039 — 442,039 461,103 — 461,103 Other 14,192 — 14,192 17,942 — 17,942 Total $ 797,020 $ — $ 797,020 $ 804,893 $ — $ 804,893 Geographic Region United States $ 639,047 $ 639,048 $ 662,682 $ — $ 662,682 International 157,973 — 157,972 142,211 — 142,211 Total $ 797,020 $ — $ 797,020 $ 804,893 $ — $ 804,893 (1) Represents adjustments and charges associated with product recalls. YETI HOLDINGS, INC. Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) (In thousands) Six Months Ended June 28, 2025 June 29, 2024 Net cash used in operating activities $ (19,101) $ (47,714) Less: Purchases of property and equipment (19,943) (21,636) Free cash ow $ (39,044) $ (69,350) Investor Relations: Arvind Bhatia, CFA Investor.relations@yeti.com Media: YETI Holdings, Inc. Media Hotline Media@yeti.com 13

• 14. Source: YETI Holdings, Inc. 14