Investing.com -- YETI Holdings, Inc. (NYSE: YETI) reported first-quarter results that exceeded analyst expectations, driving shares up 9.6% premarket as the company raised the lower end of its full-year outlook.

The company posted adjusted EPS of $0.26 for the first quarter, beating the analyst consensus of $0.18 by $0.08. Revenue increased 8% YoY to $380.4 million, surpassing the estimate of $374.9 million. The quarter included a $0.09 unfavorable impact from incremental tariffs on adjusted EPS. YETI raised its fiscal 2026 adjusted EPS guidance to a range of $2.83 to $2.89, with a midpoint of $2.86 above the analyst consensus of $2.81.

Wholesale channel sales surged 19% to $183.6 million, marking the company’s strongest quarterly wholesale performance in over three years. Direct-to-consumer sales remained flat at $196.8 million, as strength in YETI websites, Amazon Marketplace, and retail stores was offset by declines in corporate sales. Coolers & Equipment sales grew 11% to $156.1 million, while Drinkware sales increased 5% to $216.9 million.

"Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter," said Matt Reintjes, President and Chief Executive Officer. "YETI saw exceptionally strong US consumer sell-through demand across both Drinkware and Coolers & Equipment."

The company raised the lower end of its fiscal 2026 sales growth outlook to a new range of 7% to 8%, up from 6% to 8% previously. YETI also increased its adjusted operating income to between 8% and 10%, versus the previous outlook of 6% to 8%. The adjusted operating income margin outlook was lifted to approximately 14.6%, up from 14.4%.

The company’s Board of Directors approved an increase to its share repurchase program, bringing total authorization to $500 million.