Overview
- Q3 adjusted EPS came in at $1.14 versus $1.06 consensus, while revenue reached $1.384 billion against a $1.403 billion estimate, up 3% year over year.
- Fiscal 2025 guidance now calls for $6.025–$6.200 billion in sales and $5.65–$6.15 in adjusted EPS, tightening the prior earnings range.
- Comparable sales improved to -0.9% from -4.9% a year earlier, with gross margin expanding to 35.7% and gross profit rising to $493.41 million.
- The company opened 11 stores in the quarter for 317 locations across 24 states and plans 20–25 additional openings in fiscal 2026.
- Cash stood at $289.487 million versus $295.996 million a year ago as adjusted EBITDA increased to $141.49 million, and the CEO pointed to a record Black Friday as the holiday season kicked off.