Fuel and Operating Costs - In 2025, the Company's fuel and oil expense was $5,240 million, accounting for 19.0% of operating expenses, making it the second largest operating cost category [22] - The average cost of jet fuel per gallon in 2025 was $2.41, a decrease from $2.64 in 2024 [22] - The airline industry is particularly sensitive to economic conditions, with jet fuel and oil representing approximately 19% of the Company's operating expenses for 2025 [145] - The Company’s strategic plans and future profitability are likely to be affected by fuel availability, price increases, and fuel price volatility [144] - The Company terminated its remaining fuel hedge positions in Q2 2025, making its earnings more vulnerable to volatile fuel prices [149] Fleet and Aircraft Management - The Company added 55 Boeing 737-8 aircraft to its fleet in 2025, while retiring 48 Boeing 737-700 aircraft and seven Boeing 737-800 aircraft, improving fuel efficiency to 83.0 ASMs per fuel gallon consumed [24][23] - The Company held 300 Boeing 737-8 aircraft in its fleet as of December 31, 2025, with 465 firm orders of MAX aircraft to be delivered through 2031 [22] - The introduction of the MAX aircraft has improved fuel efficiency, reducing CO₂ emissions per ASM compared to previous 737 models [58] - The Company is heavily reliant on Boeing for aircraft, and any delays in delivery or certification of the MAX aircraft could materially affect its operations and growth plans [165] Labor and Workforce Management - Salaries, wages, and benefits expense constituted approximately 46.9% of operating expenses in 2025, with a workforce reduction of 1,750 corporate positions, or 15% [25] - As of December 31, 2025, the Company had 72,790 active full-time equivalent employees, a 0.5% year-over-year increase [116][118] - Approximately 84% of the Company's employees were represented by labor unions as of December 31, 2025 [120] - The Company has experienced significant inflationary cost pressure, particularly with respect to salaries, wages, and benefits, impacting its low-cost structure [151] - Approximately 84% of the Company's workforce is unionized, leading to increased labor costs due to contractual pay scale increases [153] Customer Experience and Loyalty Programs - The Company introduced a new "Basic" fare in 2025, replacing the "Wanna Get Away" offering, and added new fare products including "Choice," "Choice Preferred," and "Choice Extra" [26] - The Rapid Rewards loyalty program allows members to earn points based on fare class, with higher fare products earning more points, and points do not expire [31] - The Rapid Rewards loyalty program allows members to earn points through various channels, including higher fare tickets and qualifying purchases with partners, enhancing flexibility in earning and redeeming rewards [32] - A-List members earn a 25% bonus on eligible revenue flights, while A-List Preferred members earn a 100% bonus, with additional benefits such as free Wi-Fi and priority boarding [33] - The Company launched Getaways, a new vacation package product, in August 2025, allowing customers to earn five Rapid Rewards points per dollar spent and check two bags for free [45] Technology and Digital Enhancements - Southwest's digital enhancements in 2025 included a new mobile app and website, improving customer experience and operational efficiency [52] - Significant investments in technology include enhancements to inflight Wi-Fi, digital customer service modernization, and operational systems modernization [57] - The Company has modernized its financial management systems and data processing capabilities as part of its technology initiatives [57] - The Company is expanding its use of AI and machine-learning, which could materially affect its operations and financial position if not managed effectively [139] - The Company has a dedicated cybersecurity team to address evolving data security matters, but the risk of cyber-attacks remains significant [190] Regulatory and Compliance Challenges - The Company is subject to evolving data privacy and cybersecurity regulations, which could result in increased compliance costs and operational changes [89] - New regulations from the DOT may impose substantial costs related to accessible lavatories on new aircraft [68] - The Company is subject to extensive government regulation, which may disrupt operations and increase costs, potentially leading to lower operating revenues and net income due to factors like flight cancellations and operational disruptions [196] - Regulatory requirements, including airport capacity constraints and air traffic control inefficiencies, could continue to limit the Company's growth and impose substantial costs [197] - The Company is currently subject to regulatory actions and pending litigation, which could adversely affect its operating results if judgments or fines are rendered against it [214] Competitive Landscape - The airline industry remains highly competitive, with 14 major U.S. airlines, including the Company, competing on pricing, routes, and customer service [100] - The Company continues to experience a highly competitive fare environment, with pricing driven by various factors including market stimulation and cost reduction measures [102] - The Company is expanding its network and developing strategic relationships with airlines, facing significant challenges and risks in forming these commercial relationships [213] - The Company has begun entering international partnerships in 2025 to expand its service offerings, which could lead to financial losses if not managed effectively [163] - The Company may face challenges in attracting and retaining qualified employees, which could limit its operational capacity and growth [171] Environmental and Sustainability Considerations - The Company anticipates that future environmental regulations could significantly affect capital expenditures and operational costs [60] - The Company has not historically experienced any material environmental liability at airport sites, but increasing regulatory focus on PFAS could lead to significant costs related to remediation and compliance [83] - The EPA's aircraft GHG emissions standards, finalized in February 2024, mandate improved fuel efficiency for airplanes manufactured after January 1, 2028, but the Company does not expect material costs related to these rules at this time [84] - Changing consumer preferences regarding climate change may lead to reduced demand for air travel, affecting the Company's revenue and financing costs [202] - The Company has set sustainability goals that are dependent on third-party performance and government support, with potential risks from changes in policies or market dynamics [204] Financial Management and Shareholder Value - The Company has maintained its investment-grade rating from all three major credit agencies, supporting its strategic plans and capital allocation framework [112] - The Company plans to preserve its balance sheet strength through manageable debt maturities and a targeted liquidity balance [112] - The Company plans to continue returning value to shareholders through dividends and opportunistic share repurchases [112] - The Company is implementing transformational initiatives for 2024 and 2025, including an assigned seating model and introducing bag fees, to increase revenues and offset rising costs [159] - The Company may face fluctuations in stock price due to activist shareholder initiatives, which could affect its ability to attract investors and business partners [218]

Financial Performance - The company reported a significant increase in revenue, achieving $X million for the quarter, representing a Y% year-over-year growth[3]. - For Q4 2025, net income attributable to stockholders was $47.5 million, or $0.38 per diluted share, compared to $18.1 million, or $0.15 per diluted share in Q4 2024[18]. - For the full year 2025, net income attributable to stockholders totaled $111.3 million, or $0.89 per diluted share, up from $62.7 million, or $0.51 per diluted share in 2024[18]. - Total revenues for Q4 2025 reached $187.861 million, up from $173.048 million in Q4 2024, representing an increase of 8.5%[45]. - Net income attributable to stockholders for Q4 2025 was $47.525 million, compared to $18.142 million in Q4 2024, reflecting a significant increase of 162.5%[50]. - Nareit FFO for the year ended December 31, 2025, was $353.088 million, up from $323.771 million in 2024, marking an increase of 9.0%[45]. - The company reported a Core FFO per share of $2.60 for the year ended December 31, 2025, compared to $2.43 in 2024, reflecting a growth of 7.0%[45]. - Total revenues for the year ended December 31, 2025, increased to $726.6 million, up 9.9% from $661.4 million in 2024[64]. User Engagement and Market Outlook - User data showed an increase in active users, reaching Z million, which is a W% increase compared to the previous quarter[3]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[3]. - The company is exploring new market opportunities, particularly in the I sector, which could yield significant growth potential[3]. Strategic Initiatives - New product launches are expected to contribute an additional $B million in revenue, with anticipated market expansion into C regions[3]. - A strategic acquisition was completed, adding E properties to the portfolio, which is expected to enhance overall market presence[4]. - The company is investing D million in research and development for new technologies aimed at enhancing user experience and operational efficiency[3]. - The company has ongoing capital projects with a total estimated cost of $69.5 million, targeting yields between 9% and 12%[71]. - The company is exploring potential acquisitions of underperforming retail spaces to enhance portfolio diversity and revenue streams[102]. Financial Guidance and Projections - The company has set a performance guidance of F million for the next fiscal year, reflecting a G% increase from the current year[3]. - The company expects 2026 Nareit FFO per share guidance to be between $2.65 and $2.71, with Same-Center NOI growth projected at 3.00% to 4.00%[36]. - Net income per share for 2026 is projected to be between $0.74 and $0.77, down from $0.89 in 2025[117]. - Nareit FFO per share is expected to increase to between $2.65 and $2.71 in 2026, compared to $2.54 in 2025[117]. - Core FFO per share is forecasted to rise to between $2.71 and $2.77 in 2026, up from $2.60 in 2025[117]. Capital Expenditures and Investments - Capital expenditures for the upcoming year are projected to be H million, focusing on infrastructure improvements and technology upgrades[3]. - The company incurred $6.0 million in costs for ground-up expansion developments, with a target stabilization in Q2-2026[69]. - Total capital spending activity for the year ended December 31, 2025, was $133.7 million, up from $91.8 million in 2024[68]. - The company reported a total debt obligation of $2,402,145 as of December 31, 2025[120]. Portfolio and Asset Management - The company managed 324 shopping centers as of December 31, 2025, with 297 wholly-owned centers totaling 33.5 million square feet[42]. - The leased occupancy rate was 97.3% as of December 31, 2025, slightly down from 97.7% in 2024[45]. - The portfolio consists of 297 shopping centers across 31 states, totaling 33,495,000 square feet[87]. - The average annual base rent (ABR) for the total portfolio is $16.54 per square foot, with grocery anchor spaces at $10.68 and inline spaces at $26.98[87]. - The average remaining lease term for the total portfolio is 4.5 years, with grocery anchor spaces at 4.6 years[87]. - The company reported a total of 272 properties contributing to Same-Center NOI calculations[57]. Debt and Financial Ratios - Debt obligations rose to $2.375 billion in 2025 from $2.110 billion in 2024, an increase of 12.6%[49]. - The company reported a total net debt of $2,451,809 thousand as of December 31, 2025, compared to $2,160,856 thousand in 2024, reflecting an increase of approximately 13.4%[73]. - The secured leverage ratio stood at 6.1%, well below the covenant limit of 35%[76]. - The fixed charge coverage ratio was reported at 4.07x, exceeding the required minimum of 1.5x[76]. - The company has a weighted average interest rate of 4.5% on total consolidated debt of $2,375,328 thousand[75]. Operational Efficiency and Cost Management - The company experienced a gain on disposal of property of $28,992,000, compared to a gain of $4,255,000 in the previous quarter[51]. - Adjusted FFO attributable to stockholders and OP unit holders was $294,446,000, compared to $73,826,000 in the previous quarter, indicating effective cost management[54]. - The company’s depreciation and amortization of real estate assets for the quarter was $264,834,000, compared to $63,926,000 in the previous quarter, reflecting ongoing investments in property[52]. Market Trends and Consumer Behavior - 69.8% of total ABR comes from necessity-based goods and services, with grocery contributing 28.2%[88]. - The average annual sales per square foot of reporting grocers is $750[87]. - The grocery anchor Publix is present in 90% of the properties, indicating strong tenant relationships and consumer traffic[102].

Press Release Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results Fourth Quarter 2025 Highlights Full Year 2025 Highlights SUNNYVALE, Calif. - February 5, 2026 - Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the fourth quarter of 2025 and full year ended December 31, 2025. "We are pleased with our strong finish to the year, highlighted by an excellent fourth quarter driven by broad- ba ...

Werner Enterprises Reports Fourth Quarter and Annual 2025 Results Fourth Quarter 2025 Highlights (all metrics compared to fourth quarter 2024) 2025 Highlights (all metrics compared to 2024) OMAHA, Neb., February 5, 2026 -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the fourth quarter and year ended December 31, 2025. TTS had an operating loss of $32.9 million compared to $11.7 million operating income in the prior year, and TTS had no ...

Financial Performance - Net sales for Q1 fiscal 2026 increased by $5.4 million, or 1.6%, to $335.6 million compared to Q1 fiscal 2025, driven by a $5.7 million increase in comparable store sales [4] - Net income for Q1 fiscal 2026 increased by 14.0% to $11.3 million, with diluted earnings per share of $0.49, compared to $9.9 million, or $0.43 diluted earnings per share, in Q1 fiscal 2025 [8] - Adjusted EBITDA for Q1 fiscal 2026 was $23.5 million, reflecting a 3.1% increase from $22.8 million in Q1 fiscal 2025 [9] - EBITDA increased by 6.2% to $22.620 million for the first quarter of fiscal 2026, compared to $21.298 million for the first quarter of fiscal 2025, representing 6.7% of net sales [28] - Adjusted EBITDA rose by 3.1% to $23.525 million for the first quarter of fiscal 2026, compared to $22.820 million for the first quarter of fiscal 2025, accounting for 7.0% of net sales [29] Sales and Store Performance - Daily average comparable store sales rose by 1.7% in Q1 fiscal 2026, with a 1.0% increase in daily average transaction count and a 0.7% increase in daily average transaction size [4] - The company plans to open 6 to 8 new stores and relocate/remodel 2 to 3 stores in fiscal 2026, with a projected daily average comparable store sales growth of 1.5% to 4.0% [13] Expenses and Margins - Gross margin decreased by 40 basis points to 29.5% in Q1 fiscal 2026, down from 29.9% in Q1 fiscal 2025, primarily due to higher inventory shrink [5] - Store expenses decreased by 0.7% to $73.0 million, representing 21.8% of net sales, down from 22.3% in Q1 fiscal 2025 [6] - Administrative expenses decreased by 5.9% to $10.8 million, accounting for 3.2% of net sales, down from 3.5% in Q1 fiscal 2025 [7] Cash Flow and Liquidity - As of December 31, 2025, the company had $23.2 million in cash and cash equivalents and generated $21.1 million in cash from operations during Q1 fiscal 2026 [11] - Net cash provided by operating activities was $21.134 million for the three months ended December 31, 2025, significantly up from $2.682 million in the same period of 2024 [25] - Cash and cash equivalents at the end of the period increased to $23.210 million from $6.316 million year-over-year [25] Shareholder Returns - The company declared a quarterly cash dividend of $0.15 per common share, payable on March 18, 2026 [12] - The company incurred $3.455 million in dividends to shareholders, up from $2.749 million in the previous year [25] Other Financial Metrics - The company reported a decrease in accounts payable by $11.993 million, from a decrease of $12.970 million in 2024 to a decrease of $977 thousand in 2025 [25] - Interest expense, net, decreased to $713 thousand from $923 thousand year-over-year [28] - The company reported a loss on impairment of long-lived assets and store closing costs of $45 thousand, down from $87 thousand in the previous year [28] - The acquisition of property and equipment not yet paid was $6.318 million, compared to $3.828 million in the prior year [25]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) For the quarterly period ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38042 _____________________________________ ARROWHEAD PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) _____________ ...

Exhibit 99.1 press release Paylocity Announces Second Quarter Fiscal Year 2026 Financial Results SCHAUMBURG, IL. – February 5, 2026 – Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR, Finance, and IT solutions, today announced financial results for the second quarter of fiscal year 2026, which ended December 31, 2025. "The momentum seen in Q1 continued into the second quarter and contributed to a strong selling season performance and increased revenue and profitability guid ...

Financial Performance - Fourth quarter bookings reached $1.2 billion, with aftermarket growth of 10% to over $680 million[4] - Full year bookings totaled $4.7 billion, including approximately $400 million in nuclear awards[4] - Fourth quarter adjusted operating margin improved to 16.8%, a 420 basis points increase year-over-year[4] - Full year cash from operations was $506 million, with $365 million returned to shareholders through dividends and share repurchases[4] - Fourth quarter reported EPS was ($0.23), while adjusted EPS was $1.11, reflecting a 58.6% increase year-over-year[4][6] - The company reported a total sales increase to $4.73 billion for the year ended December 31, 2025, compared to $4.56 billion in 2024[25] - Net earnings attributable to Flowserve Corporation increased to $346.2 million in 2025, up from $282.8 million in 2024[25] - The effective tax rate for the year ended December 31, 2025, was 29.6%, with diluted EPS reported at $2.64[26] - Adjusted earnings for the year were $476,158 thousand, with an adjusted EPS of $3.64[26] - The company reported a loss on asbestos divestiture of $140,092 thousand, impacting net earnings significantly[26] Guidance and Future Projections - The company initiated 2026 guidance with total sales growth projected at 5% to 7% and adjusted EPS between $4.00 and $4.20, representing a 13% increase from 2025[4][7] - Established 2030 financial targets include mid-single digit organic sales CAGR and approximately 20% adjusted operating margin[10] - Full year 2026 guidance assumes the acquisition will be roughly neutral to adjusted EPS, including incremental interest expense related to financing[9] Acquisitions and Investments - The acquisition of Trillium Flow Technologies' Valves Division was announced, expected to close mid-year 2026[5][9] - Acquisition-related costs associated with the MOGAS acquisition amounted to $3.3 million, affecting the financial results[18] - The company incurred $65,881 in payments for acquisitions in 2025, down from $305,924 in 2024[39] Segment Performance - Flowserve Pumps Division bookings increased to $883.6 million in Q4 2025, up from $816.4 million in Q4 2024, with sales rising to $833.0 million[20] - Flow Control Division reported sales of $391.5 million in Q4 2025, slightly up from $387.9 million in Q4 2024, with a gross profit margin of 31.5%[20] - The Flowserve Pumps Division achieved a segment operating income of $166.8 million in Q4 2025, with an operating income margin of 20.0%[20] - Flow Control Division's segment operating income rose to $64.0 million in Q4 2025, representing an operating income margin of 16.3%[20] - The Flowserve Pumps Division achieved sales of $3,235.3 million in 2025, with a gross profit margin of 35.2%, up from 32.2% in 2024[30] - The Flow Control Division reported sales of $1,504.5 million in 2025, with a gross profit margin of 29.6%, slightly down from 30.1% in 2024[30] - The Flowserve Pumps Division's segment operating income increased to $600.9 million in 2025, representing 18.6% of sales, compared to 15.2% in 2024[30] - The Flow Control Division's segment operating income was $179.7 million in 2025, with an operating income margin of 11.9%[30] Profitability and Costs - Reported gross profit for the three months ended December 31, 2024, was $372.1 million, representing a gross profit margin of 31.5%[16] - For the year ended December 31, 2025, reported gross profit was $1,581,437 thousand, representing 33.4% of sales, while adjusted gross profit was $1,646,033 thousand, or 34.8% of sales[26] - The company incurred realignment charges of $11.6 million in Q4 2024, impacting overall profitability[16] - The company incurred realignment charges of $54,660 thousand in 2025, contributing to an adjusted operating income of $699,911 thousand[26] Assets and Liabilities - Cash and cash equivalents increased to $760,183 as of December 31, 2025, up from $675,441 in 2024[38] - Total assets rose to $5,708,200 in 2025, compared to $5,500,821 in 2024, reflecting a growth of approximately 3.8%[38] - Total current liabilities increased to $1,501,885 in 2025, compared to $1,468,084 in 2024[38] - Stock-based compensation increased to $38,263 in 2025, compared to $30,474 in 2024[39] Risks and Challenges - Forward-looking statements indicate potential risks including global supply chain disruptions and inflation affecting manufacturing efficiency and product costs[43] - The company is highly dependent on the energy, chemical, and power generation industries, which significantly influence sales performance[43] - The company faces risks related to international operations, including political and economic uncertainties in markets such as North Africa, Latin America, and the Middle East[43] - Flowserve's performance may be impacted by fluctuations in foreign currency exchange rates, particularly in hyperinflationary countries like Argentina[43] - The company acknowledges potential adverse effects from litigation, including claims related to asbestos-containing materials[43] Technology and Compliance - There is a focus on developing and integrating new technologies, including artificial intelligence and machine learning, to maintain competitive positioning[43] - The company is committed to environmental compliance and managing associated costs and liabilities[43] - The company emphasizes the importance of non-GAAP financial measures to provide clearer insights into underlying business trends, which are used in financial and operational decision-making[45] - Flowserve's financial results are reported in accordance with GAAP, but management believes non-GAAP measures offer additional useful comparisons[45]

STEPSTONE GROUP REPORTS THIRD QUARTER FISCAL YEAR 2026 RESULTS NEW YORK, February 5, 2026 – StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended December 31, 2025. This represents results for the third quarter of the fiscal year ending March 31, 2026. The Board of Directors of the Company has declared a quarterly cash dividend of $0.28 per share of Class ...

Financial Performance - Net sales for the three months ended December 31, 2025, increased to $335,579,000, up from $330,221,000 in the same period of 2024, representing a growth of 1.1%[20] - Gross profit for the same period was $98,859,000, slightly up from $98,824,000, indicating a stable gross margin[20] - Operating income rose to $14,647,000, compared to $13,348,000 in the prior year, reflecting an increase of 9.7%[20] - Net income for the quarter was $11,334,000, an increase from $9,938,000 year-over-year, marking a growth of 14.0%[20] - Basic net income per share increased to $0.49 from $0.43, a rise of 13.9%[20] - EBITDA for the three months ended December 31, 2025, was $22.6 million, an increase of $1.3 million, or 6.2%, compared to $21.3 million for the same period in 2024[95] - Adjusted EBITDA for the three months ended December 31, 2025, was $23.5 million, an increase of $0.7 million, or 3.1%, compared to $22.8 million for the same period in 2024[95] - Daily average comparable store sales increased by 1.7% for the three months ended December 31, 2025, compared to the same period in 2024[95] - Net income was $11.3 million, or $0.49 diluted earnings per share, for the three months ended December 31, 2025, compared to $9.9 million, or $0.43 diluted earnings per share, for the same period in 2024[119] Assets and Liabilities - Total current assets decreased slightly to $166,808,000 from $168,075,000, a decline of 0.8%[18] - Total liabilities decreased to $448,545,000 from $458,109,000, a reduction of 2.3%[18] - Total stockholders' equity increased to $220,011,000 from $212,395,000, reflecting a growth of 3.8%[18] - Cash and cash equivalents at the end of the period increased to $23,210,000 from $17,116,000, a growth of 35.7%[22] - The Company had $67.6 million available for borrowing under its Credit Facility as of December 31, 2025, down from $70.1 million as of September 30, 2025[52] - The Company had no revolving loan amounts outstanding under the Credit Facility as of December 31, 2025[52] Expenses - Store expenses decreased by $0.5 million, or 0.7%, to $73.0 million for the three months ended December 31, 2025[114] - Administrative expenses decreased by $0.7 million, or 5.9%, to $10.8 million for the three months ended December 31, 2025[115] - The Company incurred gross interest expense of $0.8 million for the three months ended December 31, 2025, compared to $1.0 million for the same period in 2024, showing a decrease of 20%[55] - The total accrued expenses decreased to $31.734 million as of December 31, 2025, from $37.236 million as of September 30, 2025[79] Cash Flow - Net cash provided by operating activities increased by $18.5 million, or 688.0%, to $21.1 million for the three months ended December 31, 2025, compared to $2.7 million for the same period in 2024[133] - Cash and cash equivalents at the end of the period were $23.2 million, up from $6.3 million at the end of December 31, 2024[132] - Net cash used in investing activities increased by $0.2 million, or 1.7%, to $9.6 million for the three months ended December 31, 2025[134] - Net cash used by financing activities was $5.5 million for the three months ended December 31, 2025, compared to net cash provided of $4.2 million for the same period in 2024[136] Store Operations - The company operated 168 stores as of December 31, 2025, down from 169 stores as of September 30, 2025[28] - The company operated 168 stores in 21 states as of December 31, 2025, with plans to open six to eight new stores in fiscal year 2026[92][94] - The company aims for an annual new store unit growth rate of 4% to 5% for the foreseeable future[94] Lease and Property - The Company reported a total property and equipment net value of $189.525 million as of December 31, 2025, up from $182.741 million as of September 30, 2025[75] - The Company recognized operating cash flows from operating leases of $11.467 million for the three months ended December 31, 2025, slightly down from $11.476 million in 2024[71] - The weighted-average remaining lease term for operating leases decreased to 9.3 years as of December 31, 2025, from 9.7 years in 2024[71] - Total future undiscounted lease payments amount to $407.837 million, with $338.909 million related to operating leases and $68.928 million to finance leases[72] - The Company had 24 leases classified as finance leases as of December 31, 2025, down from 25 leases as of September 30, 2025[54] Dividends and Share Repurchase - The Company paid a quarterly cash dividend of $0.15 per share in the first quarter of fiscal year 2026, up from $0.12 per share in the first quarter of fiscal year 2025, representing a 25% increase[58] - The company did not repurchase any shares during the three months ended December 31, 2025, leaving $8.1 million available for future repurchases under the share repurchase program[128] - A quarterly cash dividend of $0.15 per share was paid in the three months ended December 31, 2025, with another dividend approved for March 18, 2026[129] Regulatory Compliance - Certifications required under the Sarbanes-Oxley Act of 2002 were included, ensuring compliance and accountability from principal executive and financial officers[31.1][31.2][31.3] - The company continues to adhere to the requirements of the Securities Exchange Act of 1934, demonstrating commitment to regulatory standards[160] - The report includes notes to the unaudited interim consolidated financial statements, offering additional context on financial results[101] - The company’s filings are not deemed filed with the SEC and are not to be incorporated by reference into any future filings, ensuring clarity in regulatory compliance[101] Strategic Insights - The grocery industry is experiencing increased competition, with a focus on natural and organic products, impacting the company's market position[97] - The company has identified opportunities for increased economies of scale in sourcing products, although fixed costs may limit cost leverage[99] - The balance of contract liabilities related to unredeemed gift cards was $1.8 million as of December 31, 2025, compared to $1.6 million as of September 30, 2025[44]