🔹 Revenue: $10.73B (Est. $10.68B) 🟢; UP +5.1% YoY
🔹 EPS: $1.86 (Est. $1.56) 🟢; UP +9.4% YoY
FY25 Guidance (raised):
🔹 EPS: $5.80–$6.30 (Est. $5.75) 🟢; prior $5.20–$5.80
🔹 Net Sales Growth: ~4.3%–4.8% (prior 3.7%–4.7%)
🔹 Same-Store Sales Growth: ~2.1%–2.6% (prior 1.5%–2.5%)
🔹 CapEx: $1.3B–$1.4B; no share repurchases assumed
Other Q2 Metrics:
🔹 Net Income: $411.4M; UP +10% YoY
🔹 Operating Profit: $595.4M; UP +8.3% YoY
🔹 Same-Store Sales: UP +2.8% YoY (traffic +1.5%, ticket +1.2%)
🔹 Gross Margin: 31.3% vs 30.0% LY; +137 bps
🔹 SG&A: 25.8% of sales vs 24.6% LY; +121 bps
Capital & Shareholder Returns:
🔹 Operating Cash Flow YTD: $1.8B; UP +9.8% YoY
🔹 Dividend: $0.59/share payable Oct 21, 2025
🔹 Inventories: $6.6B; DOWN -7.4% per-store YoY
🔹 Opened 204 new stores in Q2; ~4,885 real estate projects planned for FY25
CEO Commentary:
🔸 “We are pleased with our strong Q2 results, including earnings growth that significantly exceeded expectations.” — CEO Todd Vasos
🔸 “Improved execution and key initiatives are resonating with customers, enhancing value and convenience.”
🔸 “We see ample opportunity to drive growth and are confident in our resilient business model.”