Bob's Discount Furniture Q3 revenue rises 10%, beats estimates

Overview

• US value home furnishings retailer's Q3 revenue rose 10%, beating analyst expectations

• Adjusted EPS for Q3 beat consensus, with comparable sales up 3.8%

• Company opened 11 new stores and reaffirmed full-year 2026 outlook

Outlook

• Bob's Discount Furniture reaffirms 2026 net revenues outlook of $2.6 bln to $2.625 bln

• Company expects 2026 comparable sales growth of 1.5% to 2.5%

• Company sees 2026 adjusted EBITDA of $255 mln to $265 mln

Result Drivers

• NEW STORE OPENINGS - Co said revenue growth was driven by opening 11 new stores and expanding into new markets, including Nashville

• HIGHER AVERAGE ORDER VALUE - Comparable sales growth of 3.8% was attributed to higher average order value and increased eCommerce traffic, partially offset by lower in-store traffic

• TARIFF REFUNDS - Gross profit benefited from $4.9 mln in IEEPA tariff refunds recognized in cost of sales during the quarter

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the home furnishings retailers peer group is "buy"

• Wall Street's median 12-month price target for Bob's Discount Furniture, Inc is $22.50, about 22.7% above its November 4 closing price of $18.33

Reuters Recommended Reads

• Nov 5 - Home furnishings retailer Arhaus Q3 revenue slightly misses estimates

• Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders

• Nov 3 - Fortune Brands Q3 revenue misses estimates on execution issues

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)