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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$680.40 mln

$666.25 mln (12 Analysts)

Q3 Adjusted EPS

Beat

$0.28

$0.27 (13 Analysts)

Q3 EPS

$0.31

Q3 Adjusted Net Income

Beat

$38.80 mln

$36.11 mln (10 Analysts)

Q3 Adjusted EBITDA

$75.50 mln

Q3 Gross Profit

$316 mln


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.)

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