By Karen Roman
Bob’s Discount Furniture, Inc. (BOBS) said second quarter net revenue increased 8.8% to $619.6 million compared to $569.5 million the year prior due to four new stores and comparable sales growth.
Gross profit rose 20.7% to $319.1 million while adjusted net income was $27.8 million against $32.2 million, with adjusted EBITDA of $60.8 million, or 9.8%, compared to $62.8 million, or 11.0%, it said.
Diluted net income per share was $0.43 vs. $0.31 the year prior, and adjusted diluted net income per share was $0.20 compared to $0.29, the company reported.
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The company announced it is reiterating 2026 fiscal outlook and aims at net income between $152 to $160 million and adjusted EBITDA of $255 to $265 million.
“As consumers remain focused on value, our Everyday Low Price approach continues to resonate, driving market share gains and reinforcing our competitive position,” said Bill Barton, Bob’s Discount President and CEO. “By remaining disciplined in our investments and focused on delivering exceptional value and a differentiated experience to our customers, we are well positioned to capitalize on the significant growth opportunities ahead.”
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