Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<div><ul><li>1Q26 results exceeded estimates. Sales of $380.4MM increased 8% Y/Y, topping our $375.3MM estimate and FactSet consensus of $374.6MM.</li><li>Adjusted EPS of $0.26 beat our $0.17 estimate and consensus of $0.18, though it declined 16% from $0.31 in 1Q25 due to a $0.09 tariff headwind.</li><li>The revenue beat was broad-based across categories and geographies, with the wholesale channel the standout performer. </li></ul></div>

1Q26 results exceeded estimates. Sales of $380.4MM increased 8% Y/Y, topping our $375.3MM estimate and FactSet consensus of $374.6MM.Adjusted EPS of $0.26 beat our $0.17 estimate and consensus of $0.18, though it declined 16% from $0.31 in 1Q25 due to a $0.09 tariff headwind.The revenue beat was broad-based across categories and geographies, with the wholesale channel the standout performer. 

YETI: Wholesale Strength Drives Broad-Based 1Q Beat; Raising Estimates

YETI Holdings Inc

YETI: Wholesale Strength Drives Broad-Based 1Q Beat; Raising Estimates