Overview
- Shares jumped 48.5% to close at $7.20 after the release, with elevated short interest of about 57% of float potentially amplifying the move.
- Adjusted earnings came in at $0.38 per share versus a $0.18 consensus, with net income rising 40% year over year to $18.2 million.
- Quarterly net sales fell 3.2% to $752.4 million and total comparable sales declined 2.4%, missing the $763.4 million revenue estimate.
- Gross profit increased to $339.6 million and gross margin improved to 45.1% from 43.0%, while consolidated operating profit rose 87% to $42.7 million.
- Guidance calls for fiscal 2025 adjusted operating profit of $50 million to $55 million with net sales down 3% to 5%, and the company declared a $0.05 dividend payable Dec. 19.