Financial Performance - Net revenue for Q4 FY 2025 was $648.8 million, an increase of 8.2% from $599.8 million in Q4 FY 2024[5] - Adjusted comparable sales growth for Q4 FY 2025 was 2.8%, driven by growth in conversion and increased eCommerce traffic[5] - Gross profit for Q4 FY 2025 increased 8.6% to $296.5 million, with a gross margin of 45.7%[5] - Net income for Q4 FY 2025 was $41.0 million, compared to $38.6 million in Q4 FY 2024[5] - For FY 2025, net revenue reached $2.4 billion, a 16.8% increase from $2.0 billion in FY 2024[5] - Net revenues for the fiscal year ended December 28, 2025, increased by 16.8% to $2,368,039,000 compared to $2,028,143,000 for the fiscal year ended December 29, 2024[24] - Net income for the fiscal year ended December 28, 2025, was $121,724,000, a 38.4% increase from $87,933,000 in the previous year[24] - Basic net income per share for the fiscal year ended December 28, 2025, was $1.10, compared to $0.80 for the fiscal year ended December 29, 2024[24] - Net income for the fiscal year ended December 28, 2025, was $121,724, up 38.3% from $87,933 in the prior year[29] Profitability Metrics - Adjusted EBITDA for FY 2025 was $240.8 million, representing 10.2% of net revenues[9] - Adjusted EBITDA for the fiscal year ended December 28, 2025, was $240,777, reflecting a 24.1% increase from $193,994 in the prior year[29] - Gross profit for the fiscal year ended December 28, 2025, was $1,081,336,000, representing 45.7% of net revenues, compared to $948,440,000 or 46.8% for the previous year[24] - Selling, general, and administrative expenses for the fiscal year ended December 28, 2025, were $899,873,000, which is 38.0% of net revenues, compared to 40.1% in the previous year[24] - Interest expense for the fiscal year ended December 28, 2025, decreased by 13.7% to $9,091,000 from $10,538,000 in the prior year[24] - Adjusted net income as a percentage of net revenue for the fiscal year was 5.1%, compared to 4.5% in the previous year[29] Liquidity and Cash Flow - Total liquidity at the end of FY 2025 was $177.6 million, including cash and cash equivalents of $53.2 million[9] - Cash flows from operating activities for the fiscal year were $164,474, slightly up from $161,154 in the previous year[27] - The company incurred $83,047 in cash used for investing activities, compared to $78,224 in the prior year[27] - Cash, cash equivalents, and restricted cash at the end of the period were $62,614, down from $80,558 at the beginning of the period[27] - The company paid dividends totaling $425,893 during the fiscal year[27] Future Outlook - The company plans to open approximately 20 new stores in FY 2026, maintaining a total of 209 stores across 26 states[8] - Expected net revenues for FY 2026 are projected to be between $2,600 million and $2,625 million[8] - The company closed its IPO on February 6, 2026, raising approximately $302.7 million in net proceeds[9] Balance Sheet Highlights - Total current assets as of December 28, 2025, were $471,359,000, an increase from $447,919,000 as of December 29, 2024[19] - Total liabilities increased to $1,647,835,000 as of December 28, 2025, from $1,160,834,000 as of December 29, 2024[19] - Operating income for the fiscal year ended December 28, 2025, increased by 42.3% to $167,544,000, up from $117,734,000 in the prior year[24] - Adjusted diluted net income per share for the fiscal year was $1.06, compared to $0.81 in the previous year[31]
Bob's Discount Furniture(BOBS) - 2025 Q4 - Annual Results