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Bob’s Discount Furniture Jumps on Q2 Revenue Growth
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. 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. 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." Contact: Exec Edge Editor@executives-edge.com Click HERE to follow us on LinkedIn The post Bob's Discount Furniture Jumps on Q2 Revenue Growth appeared first on ExecEdge.
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