Overview
- Adjusted EPS for Q4 was $3.68 versus the $3.57 estimate, with net sales of $1.67 billion in line and comparable-store sales up 1%.
- For fiscal 2026, the company projected net sales growth of 3% to 5%, down from 6% growth in 2025.
- Full-year adjusted EPS guidance is $10.20 to $11.00, with the midpoint above the $10.36 analyst consensus cited by LSEG.
- Management built a 70-basis-point tariff headwind into 2026 forecasts after the policy shift following the Supreme Court ruling, and it is not assuming potential duty refunds.
- Shares fell 2.3% in premarket trading and are down 21% year to date as investors weigh slower top-line momentum and policy-related cost risk.