Overview
- Third-quarter revenue came in at $5.60 billion versus $5.42 billion expected, with comparable sales up 7%.
- Earnings per share were $1.58, topping the $1.41 consensus, and operating margin reached 11.6%.
- Full-year EPS guidance increased to $6.38–$6.46, up from $6.08–$6.21 previously.
- Fourth-quarter EPS guidance rose to $1.77–$1.85, and holiday same-store sales are now projected to grow 3%–4%.
- Shares climbed about 3% after hours post-release and traded roughly 6% higher Friday, as several analysts raised price targets.