0001670592-26-000028
SEC filingRevenue grew 8.3% to $380.4M, but profitability declined sharply as operating income fell 42.6% and net income dropped 40.7%, reflecting tariff headwinds and higher SG&A investments.
Revenue for the first quarter of fiscal 2026 increased 8.3% to $380.4 million, compared to $351.1 million in the same period last year. The growth was driven by solid consumer demand across both Coolers & Equipment and Drinkware categories, with particular strength in wholesale and international channels. The increase reflects the company's ability to capture market share and expand its global footprint.
The company believes its current operating performance, strong cash position, and available credit facility will be sufficient to satisfy liquidity needs for at least the next twelve months. Key risks include ongoing tariff impacts, cost inflation, and the ability to manage SG&A growth while investing for the future. The company remains focused on driving revenue growth through product innovation and channel expansion, while managing profitability in a dynamic macroeconomic environment.