Financial Performance - Total revenue for the three months ended October 31, 2025, was $249,163,000, representing a 25% increase from $199,275,000 in the same period of 2024[22] - Gross profit for the three months ended October 31, 2025, was $176,340,000, compared to $129,945,000 for the same period in 2024, indicating a 36% increase[22] - Net loss attributable to common stockholders for the three months ended October 31, 2025, was $39,527,000, an improvement from a net loss of $61,112,000 in the same period of 2024[22] - Operating expenses for the three months ended October 31, 2025, totaled $218,566,000, up from $173,993,000 in the same period of 2024, marking a 26% increase[22] - The company reported a weighted-average share count of 93,273,982 for the three months ended October 31, 2025, compared to 35,094,547 for the same period in 2024[22] - Subscription revenue for the three months ended October 31, 2025, was $182.8 million, up 26% from $145.3 million in 2024[57] - For the three months ended October 31, 2025, total revenue was $249.2 million, a 25% increase from $199.3 million in the same period of 2024[150] - Platform revenue increased by $48.4 million, or 25%, driven by a $37.5 million increase in subscription revenue and a $10.9 million increase in usage-based products[151] Cash and Assets - Cash and cash equivalents increased to $493,238,000 as of October 31, 2025, up from $441,802,000 as of January 31, 2025[20] - Total assets as of October 31, 2025, were $1,816,571,000, compared to $1,768,648,000 as of January 31, 2025, reflecting a growth of 2.7%[20] - The total cash, cash equivalents, and restricted cash at the end of the period was $493.865 million, up from $135.086 million at the end of the same period in 2024[33] - As of October 31, 2025, the fair value of the Company's money market funds was $475.2 million, an increase from $427.8 million as of January 31, 2025[60] - The balance of common stock as of October 31, 2025, was $1.504 billion, an increase from $1.454 billion as of January 31, 2025[28] Expenses and Costs - General and administrative expenses rose by $21.5 million, or 53%, primarily due to a $19.7 million increase in personnel-related costs, including $17.9 million in stock-based compensation[159] - Research and development expenses increased by $12.6 million, or 19%, driven by a $10.4 million rise in personnel-related costs and a $2.0 million increase in infrastructure and server costs[157] - Sales and marketing expenses increased by $10.5 million, or 15%, driven by higher personnel-related costs and a shift in customer success roles to sales and marketing[156] - Total cost of revenue for the three months ended October 31, 2025, was $72.8 million, a 5% increase from $69.3 million in the same period of 2024[154] - Total debt as of October 31, 2025, was $104.6 million, consisting of a Term Loan of $106.2 million net of unamortized debt issuance costs[193] Stock and Equity - The company reported stock-based compensation expense of $142.716 million for the nine months ended October 31, 2025, compared to $69.050 million in the prior year, indicating a 106.5% increase[31] - Total stock-based compensation expense for the three months ended October 31, 2025, was $49,660 thousand, compared to $25,426 thousand in the same period of 2024, reflecting a significant increase[101] - The company had 751,305 stock options outstanding with a weighted average exercise price of $13.59 and a remaining contractual life of 5.23 years[103] - The company recognized stock-based compensation expense of $0.3 million and $1.2 million for stock options in the three and nine months ended October 31, 2025, respectively[104] Acquisitions and Investments - The company acquired Conduit Tech, Inc. for a total purchase consideration of $19.8 million, net of cash acquired of $6.3 million, in October 2025[75] - The acquisition of Convex Labs Inc. in April 2024 had a purchase price of $25.8 million, consisting of $23.5 million in stock and $2.3 million in cash[79] - The company incurred $19.781 million in cash outflows for business acquisitions during the nine months ended October 31, 2025[31] Future Outlook and Strategy - The company plans to continue investing significantly across all aspects of its business to increase GTV, focusing on serving additional customers in existing trades and markets[124] - The company aims to expand into new trade verticals, having started with plumbing and now serving multiple trades, which unlocks new markets for future customer growth[126] - The company expects its cost of platform revenue to increase in absolute dollars as the adoption and usage of its platform and product offerings increase[141] - The company expects sales and marketing expenses to increase as it invests to attract new customers and retain existing ones, with a focus on expanding its customer success team[144] Risks and Challenges - Risks and uncertainties could adversely affect the company's business, financial condition, and results of operations, potentially impacting stock price[217] - Inflation has not materially affected the company's financial condition, but rising personnel-related costs could pose future challenges[209] - A 100 basis point increase in floating interest rates would increase annual interest expense by approximately $1.1 million[207] Compliance and Controls - There were no material changes in internal control over financial reporting during the quarter ended October 31, 2025[212] - The company believes its disclosure controls and procedures are effective at a reasonable assurance level[211] - The company has not entered into derivative or hedging transactions for foreign currency but may consider it if exposure increases[208]

Exhibit 99.1 FOR IMMEDIATE RELEASE Casey's General Stores, Inc. One SE Convenience Blvd Ankeny, IA 50021 Casey's Announces Second Quarter Results Ankeny, IA, December 9, 2025 - Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and six months ended October 31, 2025. Second Quarter Key Highlights "Casey's delivered a great second quarter highlighted by strong sales and traff ...

Store Operations and Growth - As of October 31, 2025, Casey's operates 2,921 stores, with approximately 71% located in areas with populations under 20,000[56] - The Fikes acquisition added 198 stores and a wholesale fuel network, contributing $511,805 to total revenue for the second quarter of fiscal 2026, which increased by $559,313 (14.2%) year-over-year[55][69] - Operating expenses increased by $101,908 (16.7%) to $711,587, with approximately 10.5% of the increase attributed to operating 236 more stores[73] - Total revenue for the first six months of fiscal 2026 increased by $1,028,682 (12.8%) compared to the same period in fiscal 2025, primarily driven by $1,034,139 from the Fikes acquisition[78] - Prepared food and dispensed beverage revenue rose by $103,277 (12.5%) due to a 5.0% increase in same-store sales and approximately 7.5% from store growth[78] - Grocery and general merchandise revenue increased by $297,348 (14.0%), with a 10.8% contribution from store growth and a 3.2% increase in same-store sales[78] - Retail fuel revenue grew by $450,674 (9.1%), supported by an increase of 269,982 gallons sold (17.4%), despite a 7.1% decrease in average retail price per gallon[78] - Other revenue surged by $177,383 (133.8%) primarily due to increased wholesale fuel revenue from the Fikes acquisition[79] - Operating expenses increased by $190,610 (15.6%), with 236 more stores accounting for approximately 10% of the increase[83] Financial Performance - Net income rose by $25,418 (14.0%) to $206,336, driven by higher profitability in-store and in fuel[77] - Net income rose by $60,575 (16.8%) to $421,691, attributed to higher profitability in stores and fuel, offset by increased operating expenses[86] - EBITDA for the first six months of fiscal 2026 increased by 18.7% to $824,369 compared to $694,662 in the prior year[89] - The effective tax rate decreased to 23.7% from 24.3% in the prior year, mainly due to increased excess tax benefits from share-based awards[85] - Net cash provided by operating activities was $719,486, an increase of $167,429 from the prior year, driven by improved revenue less cost of goods sold[94] Debt and Interest Expenses - Interest expense increased by $12,137 (96.7%) to $24,690, primarily due to incremental debt issued to fund the Fikes acquisition[76] - As of October 31, 2025, the Company had total long-term debt of $2,352,032,000 after accounting for current maturities and debt issuance costs[97] - The Company has a total of $818,125,000 in variable rate incremental term loan facilities, requiring quarterly installments until October 30, 2029[97] - The Company has issued various senior notes with interest rates ranging from 2.85% to 5.43%, with total amounts due across different maturities[97] - An immediate 100-basis-point increase in interest rates would result in an approximate annualized impact of $9.6 million on interest expense[105] Strategic Initiatives and Environmental Commitment - As of October 31, 2025, Casey's has 232 EV charging stations at 48 stores across 13 states, reflecting the company's commitment to an electric vehicle strategy[64] - Approximately 41% of stores offer biodiesel, and all newly built stores are equipped to sell renewable fuels, aligning with the company's environmental stewardship efforts[65] - The Company has a strategy focused on identifying, acquiring, and integrating new properties and stores to support business growth[102] Risks and Regulatory Environment - The Company emphasizes that its financial condition may be adversely affected by increases in food ingredient costs and disruptions in the distribution network[99] - The Company is subject to extensive governmental regulations that could materially impact revenues and gross profit, particularly in the tobacco and nicotine sectors[100] - The Company faces risks related to changes in consumer preferences and the need for innovative technology to maintain financial performance[99] Cost Management and Revenue Analysis - Total revenue less cost of goods sold (exclusive of depreciation and amortization) was 24.9% of revenue for the second quarter of fiscal 2026, compared to 24.3% in the prior year[71] - Fuel revenue less cost of goods sold (exclusive of depreciation and amortization) increased to 14.0% of fuel revenue, with revenue less cost of goods sold per gallon rising to 41.6 cents[72] - The Company utilizes futures contracts to hedge against fuel price volatility, ensuring that all hedges are matched against recorded physical transactions[106]

Product Development - The company has developed two product candidates, AL001 and ALZN002, targeting Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder[103]. - AL001, an ionic cocrystal of lithium, has shown superior results in preclinical studies, preventing cognitive deficits and improving memory compared to traditional lithium carbonate treatments[109]. - A Phase IIA clinical trial for AL001 was completed in March 2023, with positive topline data announced in June 2023, and full data expected in October 2024[110]. - The maximum tolerated dose for AL001 was identified as 240 mg three times daily, designed to mitigate risks for fragile populations like Alzheimer's patients[111]. - The company plans to initiate five clinical trials to compare lithium levels in the brain between AL001 and marketed lithium salts, with a partnership established with Massachusetts General Hospital for these trials[115]. - ALZN002 is an active immunotherapy vaccine designed to treat mild to moderate Alzheimer's dementia, with a Phase I/IIA clinical trial initiated in April 2023[120][121]. - The company has received a "study may proceed" letter from the FDA for ALZN002, indicating regulatory progress for this product candidate[120]. - AL001's formulation aims to reduce systemic toxicity and improve brain bioavailability, potentially offering a safer long-term treatment option for patients[118]. Financial Performance - For the three months ended October 31, 2025, total operating expenses decreased by 27% to $998,109 from $1,358,068 in 2024[124]. - Research and development expenses for the three months ended October 31, 2025, were $176,283, a decrease of 43% from $311,088 in 2024[126]. - General and administrative expenses for the three months ended October 31, 2025, were $821,826, down 22% from $1,046,980 in 2024[130]. - The net loss for the three months ended October 31, 2025, was $1,000,758, a reduction of 26% compared to a net loss of $1,361,563 in 2024[124]. - For the six months ended October 31, 2025, research and development expenses surged by 270% to $1.9 million from $518,000 in 2024[139]. - Clinical trial fees for the six months ended October 31, 2025, increased significantly to $1.7 million from $124,000 in 2024, reflecting a 1,270% rise[141]. - The company did not generate any revenue during the three months ended October 31, 2025, and does not anticipate generating revenue in the foreseeable future[125]. - Basic and diluted net loss per common share improved to $(0.30) for the three months ended October 31, 2025, from $(3.61) in 2024[124]. - Total general and administrative expenses for the six months ended October 31, 2025, were $1.8 million, consistent with the previous year[143]. - The company incurred no marketing fees for the three months ended October 31, 2025, compared to $304,000 in 2024[136]. - Professional fees increased to $712,000 in the six months ended October 31, 2025, from $371,000 in the same period of 2024, primarily due to higher legal fees related to the termination of the ALZN002 clinical trial[146][147]. - Insurance expenses decreased to $118,000 in the six months ended October 31, 2025, compared to $139,000 in the same period of 2024[148]. - Stock-based compensation expense decreased to $74,000 in the six months ended October 31, 2025, from $163,000 in the same period of 2024, due to fewer stock options vesting[149]. - Marketing fees decreased to $150,000 in the six months ended October 31, 2025, from $344,000 in the same period of 2024[150]. - As of October 31, 2025, the company had cash of $4.4 million, working capital of $4.0 million, and an accumulated deficit of $62.2 million[152]. - The company reported net losses of $1.0 million and $3.7 million for the three and six months ended October 31, 2025, respectively[152]. - Net cash used in operating activities was $3.5 million for the six months ended October 31, 2025, primarily due to a net loss of $3.7 million[157]. - Net cash provided by financing activities was $4.0 million from the sale of Series C Convertible Preferred Stock during the six months ended October 31, 2025[159]. - The company will need to obtain substantial additional funding for clinical development activities and continuing operations[153]. Licensing and Royalties - Royalty payments for the AL001 License Agreements are set at 4.5% on net sales, with minimum royalties starting at $40,000 on the first anniversary of the first commercial sale[161].

Financial Performance - Total revenue for the first quarter decreased by 5.7% compared to the same period in the prior year, amounting to $797,188,000[98]. - Comparable store restaurant sales decreased by 4.7%, while comparable store retail sales decreased by 8.5%[99]. - Operating income for the quarter was a loss of 4.1% of total revenue, compared to a gain of 0.8% in the prior year[97]. - Operating loss for the first quarter of 2026 was $(32,797), a significant decline from operating income of $7,071 in the same period of 2025, attributed to decreased total revenue and higher expenses[122]. - Net loss for the first quarter of 2026 was $(24,622), compared to net income of $4,844 in the prior year, primarily due to the operating loss[127]. - Cash used in operations was $53,430 in the first quarter of 2026, a substantial increase from $4,395 in the same period of 2025, driven by operating losses and timing of payments[130]. Cost and Expenses - The cost of goods sold increased to 31.2% of total revenue, up from 30.6% in the previous year[97]. - Labor and related expenses rose to 37.8% of total revenue, compared to 36.4% in the prior year[97]. - Other store operating expenses rose to 28.7% of total revenue in the first quarter of 2026, compared to 25.0% in the prior year, primarily due to increased occupancy and advertising costs[113]. - Labor and related expenses increased to 37.8% of total revenue in the first quarter of 2026, up from 36.4% in the same period of 2025, driven by higher store management compensation and hourly labor costs[108]. Strategic Initiatives - The company plans to refine its brand identity and enhance its menu offerings as part of its multi-year strategic plan[93]. - Negative publicity from recent brand initiatives contributed to a decrease in guest traffic, impacting overall sales[102]. Capital and Financing - Capital expenditures for the first quarter of 2026 were $34,165, down from $38,887 in the prior year, with expectations of $110,000 to $125,000 for the full year[131][132]. - The Company issued the 2030 Notes with a cash interest rate of 1.75% per annum, maturing on September 15, 2030, and net proceeds of approximately $335 million after fees[136]. - Approximately $145.9 million of the net proceeds from the 2030 Notes were used to repurchase $150 million of the 2026 Notes, which bear a cash interest rate of 0.625% per annum[137]. - The Company had negative working capital of $288.3 million as of October 31, 2025, an improvement from negative working capital of $312.5 million on August 1, 2025[144]. - Outstanding borrowings under the 2025 Revolving Credit Facility totaled $65 million as of October 31, 2025, with interest rate risk managed through a mix of fixed and variable rate debt[154]. - A one-percentage point change in the $65 million outstanding borrowings would impact pre-tax annualized costs by approximately $657[155]. Dividends and Share Repurchase - During the first three months of 2026, the Company paid a regular dividend of $0.25 per share and declared another dividend of $0.25 per share for payment on February 11, 2026[140]. - The Board of Directors approved a share repurchase authorization of up to $100 million, although no shares were repurchased in the first quarter of 2026[141]. Tax and Credit Risk - The effective tax rate for the first quarter of 2026 was 32.6%, an increase from (287.8)% in the prior year, primarily due to the benefit of employment credits in the previous period[124]. - The Company believes it does not have a material exposure to credit risk related to its Capped Call Transactions and Convertible Note Hedge Transactions at this time[156]. Store Operations - The number of Cracker Barrel locations decreased from 658 to 656, while Maple Street Biscuit Company locations decreased from 69 to 54[97]. - The company operates 656 Cracker Barrel stores in 43 states and 54 Maple Street Biscuit Company locations in ten states as of October 31, 2025[88].

Financial Performance - Revenues for Q3 fiscal 2026 were approximately $9.7 million, down 28.7% from $13.6 million in Q2 fiscal 2026 and down 19.5% from $12.1 million in Q3 fiscal 2025[2] - Operating income for Q3 fiscal 2026 was $774,000, a decrease of 71.5% from $2.7 million in Q2 fiscal 2026 and down 59.3% from $1.9 million in Q3 fiscal 2025[3] - Net income for Q3 fiscal 2026 was $62,000, compared to $1.9 million in Q2 fiscal 2026 and approximately $1.3 million in Q3 fiscal 2025, resulting in a net income per share of $0.01[3] - Adjusted EBITDA for Q3 fiscal 2026 was approximately $1.3 million, down 58.1% from $3.1 million in Q2 fiscal 2026 and down 35% from $2.0 million in Q3 fiscal 2025[4] - For the nine months ended October 31, 2025, net income was $1,021 million, a decrease from $3,043 million in the same period of 2024, representing a decline of approximately 66.5%[23] - EBITDA for the nine months ended October 31, 2025, was $3,355 million, down from $5,080 million in 2024, reflecting a decrease of about 34%[24] - Adjusted EBITDA for the nine months ended October 31, 2025, was $4,191 million, down from $5,221 million in 2024, reflecting a decrease of approximately 19.8%[24] Cash Flow and Working Capital - The company generated approximately $11.0 million in cash through its ATM program during the quarter, ending with nearly $36.0 million in working capital, of which $19.4 million was cash[7] - Net cash provided by operating activities for the nine months ended October 31, 2025, was $3,803 million, compared to a net cash used of $1,407 million in 2024, indicating a significant turnaround[23] - Cash and cash equivalents at the end of the period were $19,387 million, up from $3,505 million at the end of the same period in 2024, showing an increase of approximately 453%[23] - The company reported a net cash used in investing activities of $512 million for the nine months ended October 31, 2025, compared to a net cash provided of $244 million in 2024[23] Assets and Equity - Total current assets increased to $42.8 million as of October 31, 2025, compared to $32.1 million as of January 31, 2025[19] - Total stockholders' equity rose to $39.9 million as of October 31, 2025, up from $27.3 million as of January 31, 2025[19] Backlog and Future Expectations - The backlog of Marine Technology Products was approximately $7.2 million as of October 31, 2025, down from $12.8 million at July 31, 2025 and $26.2 million at October 31, 2024[5] - The company expects an improved fourth quarter based on the anticipated delivery schedule of its backlog and recent orders[6] Stock-Based Compensation and Foreign Exchange - Stock-based compensation for the nine months ended October 31, 2025, was $836 million, significantly higher than $141 million in 2024, marking an increase of about 493%[23] - The company experienced a foreign exchange rate effect of $6 million on cash and cash equivalents for the nine months ended October 31, 2025, compared to a negative effect of $2 million in 2024[23] Accounts Receivable Changes - Changes in accounts receivable for the nine months ended October 31, 2025, resulted in a cash inflow of $1,228 million, compared to a cash outflow of $3,006 million in 2024[23] Common Stock Issuance - The net proceeds from the issuance of common stock amounted to $10,754 million in the nine months ended October 31, 2025, while there were no proceeds in the same period of 2024[23]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 1, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-33338 American Eagle Outfitters, Inc. (Exact name of registrant as specified in its charter) Delaware No. 13-2721761 (State or other jurisdiction of incorporation or organi ...

Media Contact: Heidi Pearce (615) 235-4135 CRACKER BARREL REPORTS FIRST QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 OUTLOOK LEBANON, Tenn. – December 9, 2025 – Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2026 ended October 31, 2025. Exhibit 99.1 Investor Contact: Adam Hanan (615) 443-9887 Cracker Barrel President and Chief Executive Officer Julie Masino said, "First quarter results were ...

Financial Performance - Net revenue for the Third Quarter 2025 was $317.5 million, a slight decrease of 0.4% compared to $318.6 million in the same quarter of the previous year[101]. - Year-to-Date 2025 net revenue was $872.8 million, down 5.3% from $921.3 million in Year-to-Date 2024[102]. - Net revenue for Q3 2025 was $317.5 million, a decrease of $1.1 million or 0.3% from Q3 2024[112]. - U.S. eCommerce net revenue decreased by $6.3 million or 3.4% to $179.8 million in Q3 2025[113]. - U.S. eCommerce net revenue decreased by $27.1 million or 5.0% to $517.8 million in Year-to-Date 2025, despite continued strength in outerwear and transitional key items[134]. - Europe eCommerce net revenue decreased by $15.6 million or 21.4% to $57.3 million in Year-to-Date 2025, primarily due to new leadership and macroeconomic pressures[137]. - Net revenue from the Europe eCommerce distribution channel represented approximately 7% of total net revenue during Year-to-Date 2025[177]. Profitability - Gross profit margin improved to 51.8% in the Third Quarter 2025 from 50.6% in the Third Quarter 2024[101]. - Operating income increased to $16.8 million, representing 5.3% of net revenue, compared to $9.3 million (2.9% of net revenue) in the prior year[101]. - The company experienced a net income of $5.2 million in the Third Quarter 2025, compared to a net loss of $0.6 million in the same quarter of the previous year[101]. - Adjusted net income for Q3 2025 was $6.5 million, compared to $1.8 million in Q3 2024, with adjusted diluted earnings per share increasing to $0.21[127]. - Gross profit was $440.6 million for Year-to-Date 2025, a decrease of $11.4 million or 2.5%, but gross margin improved by approximately 140 basis points to 50.5%[139]. - Adjusted EBITDA for Q3 2025 was $25.9 million, an increase of 28% compared to $20.3 million in Q3 2024[128]. - Adjusted EBITDA was $49.5 million in Year-to-Date 2025, compared to $48.9 million in Year-to-Date 2024[149]. Expenses - The company incurred $1.5 million in restructuring costs during the Third Quarter 2025, compared to $1.8 million in the same quarter of the previous year[97]. - Total restructuring costs for Year-to-Date 2025 reached $7.2 million, up from $4.5 million in Year-to-Date 2024[97]. - Selling and administrative expenses decreased by $2.3 million to $138.6 million, representing 43.7% of net revenue in Q3 2025[119]. - Selling and administrative expenses decreased by $12.4 million to $391.4 million, representing 44.8% of net revenue in Year-to-Date 2025[140]. Cash Flow and Financing - Net cash used in operating activities was $15.2 million during Year-to-Date 2025, an increase from $12.2 million in Year-to-Date 2024, primarily due to tariffs[167]. - Net cash used in investing activities was $23.9 million in Year-to-Date 2025, compared to $22.1 million in Year-to-Date 2024, mainly for updating digital information technology infrastructure[168]. - Net cash provided by financing activities was $58.4 million during Year-to-Date 2025, up from $39.4 million in Year-to-Date 2024, driven by increased borrowings under the ABL Facility[169]. - As of October 31, 2025, the outstanding balance on the ABL Facility was $75.0 million, an increase from $60.0 million on November 1, 2024[171]. Market Conditions - Macroeconomic challenges, including inflation and high interest rates, continue to impact consumer discretionary spending and may require higher promotional efforts[94]. - A 10% change in foreign currency exchange rates could have resulted in a $5.7 million increase or decrease in net revenue for Year-to-Date 2025[177]. - Each one percentage point change in interest rates associated with the Term Loan Facility would result in a $2.3 million change in annual cash interest expenses[179]. Segment Performance - U.S. Digital Segment net revenue increased by $4.0 million or 1.5% to $277.5 million in Q3 2025[112]. - Outfitters net revenue increased by $5.4 million or 7.4% to $78.8 million in Q3 2025, driven by a strong back-to-school season[114]. - Third Party net revenue increased by $4.8 million or 34.0% to $18.9 million in Q3 2025, primarily due to strength in marketplace partners[115]. - U.S. Digital Segment variable profit increased by $8.0 million to $71.4 million in Q3 2025, representing 25.7% of net revenue[129]. - Outfitters net revenue increased by $8.9 million or 5.0% to $188.1 million in Year-to-Date 2025, driven by a strong back-to-school season and new customer acquisitions[135]. - Third Party net revenue increased by $6.2 million or 12.8% to $54.6 million in Year-to-Date 2025, attributed to curated product assortments[136].

Store Operations and Expansion - Ollie's operates 645 retail stores across 34 states as of November 1, 2025[82] - The average store size is slightly above 32,000 square feet, with a target upfront cash investment of approximately $1 million per new store[83] - The company aims for new stores to achieve net sales of approximately $4 million and a four-wall profit margin in the mid-teens percentage rate[83] - Ollie's plans to expand its distribution capabilities to support up to approximately 750 stores with the addition of a fourth distribution center[84] - The growth strategy includes opening new stores and acquiring locations from distressed retailers, focusing on contiguous market expansion[82] - Ollie's anticipates that new store growth will be the primary driver of sales growth, with initial lease terms averaging seven years[92] - The company opened 32 stores in Q3 fiscal 2025, compared to 24 store openings in Q3 fiscal 2024, with 23 of the new stores being bankruptcy acquired leases[113] Financial Performance - Net sales increased by 18.6% to $613.6 million in Q3 fiscal 2025 from $517.4 million in Q3 fiscal 2024, driven by new store growth and an increase in comparable store sales[120] - Comparable store sales rose by 3.3% in Q3 fiscal 2025 compared to a 0.5% decrease in Q3 fiscal 2024, primarily due to an increase in the number of transactions[121] - Gross profit increased by 18.3% to $253.7 million in Q3 fiscal 2025, while gross margin decreased by 10 basis points to 41.3%[122] - Net sales increased 16.6% to $1.870 billion for the thirty-nine weeks ended November 1, 2025, compared to $1.605 billion for the same period in 2024[129] - Comparable store sales rose 3.7% in the thirty-nine weeks ended November 1, 2025, compared to a 2.8% increase in the prior year[130] - Gross profit increased 18.6% to $762.0 million, with gross margin rising 70 basis points to 40.8%[131] - Net income increased by 28.7% to $46.2 million in Q3 fiscal 2025 from $35.9 million in Q3 fiscal 2024[127] - Net income rose 18.2% to $155.0 million for the thirty-nine weeks ended November 1, 2025, compared to $131.2 million in the prior year[137] - Adjusted EBITDA rose to $72.9 million in Q3 fiscal 2025, an increase of 21.8% from $59.8 million in Q3 fiscal 2024[128] - Adjusted EBITDA increased 17.3% to $238.8 million for the thirty-nine weeks ended November 1, 2025[138] Expenses and Profitability - Selling, General, and Administrative (SG&A) expenses are expected to increase as the store base grows, with a focus on maintaining discipline in monitoring SG&A as a percentage of net sales[103] - SG&A expenses rose to $180.3 million in Q3 fiscal 2025, an increase of 16.7%, but decreased as a percentage of net sales to 29.4%[123] - SG&A expenses increased 17.6% to $520.6 million, representing 27.8% of net sales, up from 27.6%[132] - Pre-opening expenses increased by 3.2% to $7.4 million in Q3 fiscal 2025, driven by new store growth and dark rent associated with bankruptcy acquired stores[124] - Pre-opening expenses surged 58.9% to $23.0 million, driven by new store growth and dark rent expenses[133] Cash Flow and Capital Management - Net cash provided by operating activities was $114.2 million, up from $79.7 million in the prior year[148] - Capital expenditures for the thirty-nine weeks ended November 1, 2025, were $83.9 million, down from $96.2 million in the previous year[139] - The company repurchased 346,032 shares for $40.2 million during the thirty-nine weeks ended November 1, 2025[146] Tax and Interest - Income tax expense increased to $13.8 million in Q3 fiscal 2025, with an effective tax rate of 23.0% compared to 26.1% in Q3 fiscal 2024[126] - Interest income, net increased to $4.5 million in Q3 fiscal 2025 from $4.0 million in Q3 fiscal 2024, attributed to higher average cash and cash equivalent balances[125] Profitability Metrics - Gross profit is calculated as net sales minus cost of sales, with gross margin being a key performance indicator[98]