🔹 Revenue: $1.384B (Est. $1.35B) 🟢; +3.0% YoY
🔹 Diluted EPS: $1.14 (Est. $1.04) 🟢; +14% YoY
🔹 Comp sales: -0.9% (vs -4.9% last year) 🟢
🔹 eCommerce: +22.2%
🔹 New stores: 11 opened in Q3; new stores comping high single digits
2025 Guide (updated):
🔹 Adj EPS: $5.65–$6.15 (Prior mid. $5.80) 🟢
🔹 Gross margin: 34.3%–34.5% (low end raised from 34.0%) 🟢
🔹 Net sales: $6.03B–$6.20B (narrowed) 🟡
🔹 Comp sales: -2.0% to 0.0%
🔹 GAAP EPS: $5.35–$5.85
🔹 Tax rate: ~23.5%
🔹 Capex: $180M–$210M
🔹 Adj FCF: $250M–$300M
Balance Sheet & Capital Return:
🔹 Cash: $289.5M
🔹 Inventory: $1.70B; +11.6% YoY (per store units -0.3%, dollars +3.1%)
🔹 Debt: $481.3M
🔹 YTD buybacks: $99.9M
🔹 YTD dividends: $26.0M; Q4 dividend declared at $0.13/share
🔹 Store base: 317 locations; 24 opened in 2025, planning 20–25 more in 2026