Overview
- For the quarter ended Jan. 31, EPS was $8.01 versus $8.03 expected and revenue was $3.9 billion versus $3.80 billion expected, with net sales up 11.8% year over year.
- Fiscal 2026 guidance calls for net sales growth of 6% to 7%, diluted EPS of $28.05 to $28.55, and same-store sales rising 2.5% to 3.5%.
- The EPS guidance midpoint lands just under the Street’s $28.40 view, and the comps outlook trails some forecasts reported by Street Account.
- Gross profit margin declined slightly as fixed expenses deleveraged against revenue, partially offset by lower inventory shrink and supply-chain efficiencies.
- Shares fell about 8% in after-hours trading following the release, which was the first earnings report under CFO Christopher DelOrefice.