Overview
- Shares fell about 9.4% at the open to $51.19 after earnings and revenue came in below Wall Street expectations.
- For the quarter ended Jan. 31, net income was $133.7 million ($1.98 diluted), adjusted EPS was $1.97, net sales were $1.72 billion, and comparable sales declined 1.6%.
- Analysts had projected adjusted EPS of $2.05 on $1.76 billion in revenue, marking a miss on both profit and sales.
- For the full year, net income declined 9.9% to $376.8 million as net sales rose 2.0% to $6.05 billion.
- The company opened 24 new stores in 2025 to reach 322 locations and plans 20 to 25 openings in 2026, while cautioning that consumer financial pressure is likely to persist through 2026.