By Karen Roman
Bob’s Discount Furniture, Inc. (BOBS) said third quarter net revenue increased 10.3% versus the year prior thanks to new store expansion and comparable sales growth of 3.8%.
Adjusted EBITDA rose 17.6% to $75.5 million with a margin of 11.1% and gross profit increased 11.3% to $316.0 million, with eleven new stores opening in the third quarter, the company stated.
Net income grew 28.8% to $41.7 million compared to $32.3 million, while diluted net income per share was $0.31 and adjusted diluted net income per share was $0.28, it added.
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The company announced it is reiterating 2026 fiscal outlook and aims at net income between $145 to $153 million and adjusted EBITDA of $255 to $265 million.
“Customers continue to respond to our combination of everyday value, differentiated products and omnichannel capabilities,” said Bill Barton, Bob’s Discount President and CEO. “We were particularly pleased with the performance of our newest stores, including our successful entry into the Nashville market, and remain confident in our ability to grow profitably while bringing Bob’s to new customers and markets.”
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