Financial Data and Key Metrics Changes - The company reported $465 million in sales for the fourth quarter, representing a 15.6% increase from the prior year, which is at the high end of guidance [1] - The enterprise comparable sales increased by 5.4%, with an 8.8% increase in the U.S. and a 0.7% increase in Canada [1][2] - The company repaid $20 million of debts and repurchased 1.1 million shares at an average price of $8.75 during the fourth quarter [2] Business Line Data and Key Metrics Changes - The company opened 10 new stores in the quarter, totaling 26 for the year, indicating strong new store performance [2] - The adjusted EBITDA for the last twelve months through the third quarter was $249 million, with adjusted EBITDA margins in the mid-teens [5][7] Market Data and Key Metrics Changes - Approximately 40% of customers are under the age of 45, and 45% reside in households earning over $100,000, indicating a younger and more affluent customer base [8] - The company has over 6 million active loyalty members, contributing to close to $1.7 billion in sales [5] Company Strategy and Development Direction - The company is focusing on growth, innovation, and balanced capital allocation as its strategic pillars [8][9] - The U.S. market is prioritized for new store growth, with 85%-90% of new stores planned to be opened in the U.S. [10] - The company aims for a leverage ratio of approximately 2x by the end of 2027, while continuing to invest in new store growth [18][20] Management's Comments on Operating Environment and Future Outlook - Management believes that the thrift retail sector is experiencing secular adoption, driven by cost of living pressures [2] - The company expects adjusted EBITDA growth to begin in 2026 as new stores contribute positively to profitability [20][22] - The company is well-positioned to benefit from the growing reuse economy and has a durable source of supply through increasing on-site donations [22][23] Other Important Information - The company has paid $490 million to nonprofit partners for secondhand clothing and housewares over the last five years, keeping 3.2 billion lbs of reusable goods out of landfills [5] - The company has a unique business model as the number one for-profit thrift retailer in North America, operating 367 stores across three countries [4] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.