Overview
- For the quarter ended Nov. 1, revenue rose 2.7% to $122.679 million, missing roughly $124 million expected, while diluted EPS of $0.62 topped estimates.
- Profitability declined year over year, with pre-tax income at $10.7 million versus $13.1 million and net income at $8.1 million versus $9.9 million.
- The company said the quarter included approximately $4 million in tariffs and related costs, and it expects the impact to continue through the fourth quarter and into next fiscal year.
- Guidance was reaffirmed for mid-to-high-single-digit revenue growth and pre-tax income of $62 million to $70 million, incorporating about $11 million in tariff costs from July through year-end.
- Shares fell sharply after the report, with the Associated Press reporting a 13% decline Thursday.