Overview
- Shares rose more than 16% after hours as the discount grocer topped Wall Street’s first-quarter estimates.
- Adjusted earnings were $0.05 per share versus the $0.02 consensus, and net sales reached $1.17 billion.
- Revenue grew 3.6% as new store openings added sales, while comparable-store sales fell 1.0%.
- A $158 million non-cash goodwill impairment produced a GAAP net loss of $180.3 million, or $1.83 per share.
- The report follows March downgrades and sharp price-target cuts from DA Davidson, Wells Fargo, Telsey, Morgan Stanley, and Jefferies after a weak Q4 and lower FY26 sales outlook.