{"success":true,"data":{"pressRelease":{"id":"110930","rtpr_id":"nBw7G2JDRa","ticker":"BOBS","exchange":"NYSE","all_tickers":["BOBS"],"title":"Bob’s Discount Furniture Announces Second Quarter 2026 Financial Results","author":"Business Wire","published_at":"2026-08-06T10:55:00.160Z","article_body":"Bob’s Discount Furniture Announces Second Quarter 2026 Financial Results\n\nNet Revenue Increased 8.8%\n\nComparable Sales Increased 2.3%\n\nOpened 4 New Stores\n\nReaffirms Full Year 2026 Financial Guidance\n\nBob’s Discount Furniture, Inc. (NYSE:BOBS) (“We”, “our”, the\n“Company”, “Bob’s Discount Furniture” or “Bob’s”) today\nannounced financial results for the second fiscal quarter ended June 28, 2026.\n\n\"Our strong second quarter results demonstrate the resilience of Bob’s\nbusiness model and the effectiveness of our strategy in a demanding retail\nenvironment. As consumers remain focused on value, our Everyday Low Price\napproach continues to resonate, driving market share gains and reinforcing our\ncompetitive position,” said Bill Barton, President and Chief Executive\nOfficer. “These results are a testament to the outstanding execution of our\nteams and the unique culture that sets Bob’s apart. By remaining disciplined\nin our investments and focused on delivering exceptional value and a\ndifferentiated experience to our customers, we are well positioned to\ncapitalize on the significant growth opportunities ahead.\"\n\nSecond Quarter of Fiscal Year 2026\n\n\n * Net revenue of $619.6 million increased 8.8% from $569.5 million in the second\nquarter of fiscal year 2025 driven by new stores and comparable sales growth.\n\n * The Company opened 4 new stores and ended the quarter with 218 stores in 27\nstates.\n\n * Comparable sales growth of 2.3% was driven by higher average order value and\nconversion, partially offset by lower in-store traffic.\n\n * The Company received approval for $45.1 million in International Emergency\nEconomic Powers Act (“IEEPA”) tariff refunds in the second quarter of\nfiscal year 2026. Of this amount, the Company recognized $37.9 million of\ntariff refunds in cost of sales related to inventory previously sold, $5.7\nmillion as a reduction to inventory on hand, and $1.5 million in interest\nincome. At June 28, 2026, we had $41.9 million in IEEPA tariff refund\nreceivables, which was received subsequent to fiscal quarter end.\n\n * Gross profit increased 20.7% to $319.1 million in the second quarter of fiscal\nyear 2026, which is inclusive of $37.9 million in IEEPA tariff refunds\ndiscussed above, resulting in gross margin of 51.5%. Excluding the IEEPA\ntariff refunds, adjusted gross margin* decreased to 45.4% compared to 46.4% in\nthe prior year period due to unusually favorable freight rates in the prior\nyear, partially offset by favorable product mix shift into the “Better”\nand “Best” product categories relative to historical levels, and higher\nprotection plan and delivery margins.\n\n * Selling, general and administrative expenses (“SG&A”) increased 9.3%\nto $235.0 million in the second quarter of fiscal year 2026 due to\npayroll-related expenses for new stores, higher occupancy costs associated\nwith new and existing stores and an increase in marketing spend due to\ngreenfield store expansion. SG&A as a percentage of revenue increased\nslightly to 37.9% compared to 37.7% in the prior year period due to\nincremental marketing, and higher payroll and occupancy costs associated with\nnew stores and greenfield market expansion, substantially offset by\nefficiencies at existing stores.\n\n * Net income of $57.8 million compared to $35.2 million in the second quarter of\nfiscal year 2025. Adjusted net income* was $27.8 million compared to $32.2\nmillion in the second quarter of fiscal year 2025.\n\n * Diluted net income per share of $0.43 compared to $0.31 in the second quarter\nof fiscal year 2025. Adjusted diluted net income per share* was $0.20 compared\nto $0.29 in the second quarter of fiscal year 2025.\n\n * Adjusted EBITDA* of $60.8 million or 9.8% compared to $62.8 million or 11.0%\nin the second quarter of fiscal year 2025.\n\n*See Non-GAAP Financial Measures and Reconciliation of GAAP to Non-GAAP\nFinancial Measures below for further information. All Non-GAAP Financial\nMeasure exclude IEEPA tariff refunds, and related interest income as\napplicable.\n\nBalance Sheet and Liquidity\n\n\n * Total liquidity of $176.6 million, comprised of cash and cash equivalents of\n$32.0 million and available borrowing capacity of $144.6 million at June 28,\n2026. Subsequent to quarter end, we received $41.9 million in IEEPA tariff\nrefunds further strengthening our liquidity.\n\n * Inventories were $345.9 million as of the end of the second quarter of fiscal\nyear 2026, a decrease of 1.3% compared to year end primarily related to $5.7\nmillion in IEEPA tariff refunds recorded as a reduction of inventory in the\nperiod.\n\n * Net cash provided by operating activities was $93.1 million in the\nyear-to-date period, an increase of $57.0 million compared to the prior year,\nprimarily driven by the timing of payments on inventory purchases.\n\n * Investments in capital expenditures, net of tenant allowances of $47.3 million\nin the year-to-date period was primarily associated with our new store program\nand early development of a new distribution center in Georgia.\n\nRecent Developments\n\nThe Company has reaffirmed its top- and bottom-line guidance for full fiscal\nyear 2026 financial operating results, presented in the table below. Within\nour outlook, net income now reflects the tariff refund received in the second\nquarter, whereas adjusted EBITDA and adjusted net income do not, and we now\nexpect pre-opening expenses of approximately $26 million compared to our prior\nexpectation of $23-$24 million. Fiscal year 2026 includes 53 weeks. The\n“53rd week” is expected to deliver $40.0 million in net revenues, $3.5\nmillion in net income and $5.0 million in adjusted EBITDA.\n   Fiscal Year 2026 \n Net revenues $2,600 to $2,625 million \n Comparable sales growth((1)) 1.5% to 2.5% \n Net income $152 to $160 million \n Adjusted EBITDA((2)) $255 to $265 million \n Adjusted net income((2)) $121 to $129 million \n Other estimates:   \n Net capital expenditures((3)) $110 to $115 million \n Pre-opening expenses Approximately $26 million \n Effective tax rate Approximately 27% \n New store count Approximately 20 \n FD shares outstanding((4)) Approximately 135 million \n ((1)) Comparable sales growth is a key performance indicator that measures \n performance during the current reporting period against the performance of the \n comparable store sales and of the eCommerce sales in the corresponding period \n of the previous fiscal year. Comparable sales growth excludes net sales from \n the non-comparable 53rd week. \n \n \n \n((2)) See Non-GAAP Financial Measures for definitions of Adjusted EBITDA and \n Adjusted net income. \n \n \n \n((3) )Net capital expenditures represents capital expenditures net of tenant \n allowances. \n \n \n \n((4) )FD shares outstanding reflects expected average fully diluted shares \n outstanding for fiscal year 2026. \n\n\nConference Call\n\nA conference call to discuss fiscal year 2026 second quarter financial results\nis scheduled for today, August, 6, 2026, at 8:00 a.m. Eastern Time. Investors\nand analysts interested in participating in the call are invited to dial\n1-877-407-0779 (international callers dial 1-201-389-0914) approximately 10\nminutes prior to the start of the call. The conference call will be webcast\nand once available, a recorded replay can be accessed online at ir.mybobs.com\nfor six months.\n\nAbout Bob’s Discount Furniture\n\nBob’s Discount Furniture is a high-growth, national omnichannel retailer of\nvalue home furnishings with 218 showrooms as of June 28, 2026 across 27 U.S.\nstates. Since our founding in 1991, we have built our ethos as a trusted and\nreliable brand offering superior value and service, without compromising on\nquality or style. Our business model is anchored in delivering furniture at\n“Everyday Low Prices,” and at the heart of Bob’s success is not just the\nvalue of our furniture, but the team members who bring our promise to life\nevery day. From showroom to living room, it’s our people who make Bob’s\nfeel like home. Our belief that everyone deserves a home they love is\nreflected in how we operate daily and the appreciation we have for our people\nand communities. From our in-store guest experience specialists who create a\nno-pressure, no-gimmicks shopping experience, to our distribution and\nlogistics teams who enable fast, reliable fulfillment, Bob’s is built on the\ndedication of over 6,100 team members nationwide. For more information, please\nvisit www.mybobs.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mybobs.com&esheet=54584492&newsitemid=20260806125878&lan=en-US&anchor=www.mybobs.com&index=1&md5=a6ff5c8652437556bf0b3e2b06d7dc2b)\n.\n\nNon-GAAP Financial Measures\n\nIn addition to the results provided in accordance with U.S. GAAP, this\nearnings release and related tables include adjusted gross profit, adjusted\ngross margin adjusted net income, adjusted EBITDA, and adjusted diluted net\nincome per share, which present operating results on an adjusted basis. We\ndefine adjusted gross profit as gross profit adjusted to eliminate the impact\nof certain items that we do not consider indicative of our core operating\nperformance and adjusted gross margin as adjusted gross profit as a percentage\nof net sales. We define adjusted net income as net income adjusted to\neliminate the impact of certain items that we do not consider indicative of\nour core operating performance and the tax effect related to those items. We\ndefine adjusted diluted net income per share as adjusted net income divided by\nweighted average shares outstanding. We define adjusted EBITDA as net income\nbefore interest expense, interest income, income tax expense/(benefit), and\ndepreciation and amortization, adjusted for items that are not indicative of\nthe operating performance of the business. We believe that excluding certain\nitems from our GAAP results allows management to better understand our\nfinancial performance from period to period. Moreover, we believe these\nnon-GAAP financial measures provide our stakeholders with useful information\nto help them evaluate our operating results by facilitating an enhanced\nunderstanding of our operating performance and enabling them to make more\nmeaningful period-to-period comparisons. We use these non-GAAP measures to\nevaluate the effectiveness of our business strategies, to make budgeting\ndecisions, to evaluate our performance in connection with compensation\ndecisions and to compare our performance against that of peer companies using\nsimilar measures. However, our inclusion of these adjusted measures should not\nbe construed as an indication that our future results will be unaffected by\nunusual or infrequent items or that the items for which we have made\nadjustments are unusual or infrequent or will not recur. These non-U.S. GAAP\nmeasures are not a substitute for, or superior to, measures of financial\nperformance prepared in accordance with U.S. GAAP. Because not all companies\nuse identical calculations, the presentations of these measures may not be\ncomparable to other similarly titled measures of other companies and can\ndiffer significantly from company to company. These measures should only be\nread together with the corresponding U.S. GAAP measures. Please refer to the\nreconciliations of adjusted gross profit to gross profit, adjusted net income\nand adjusted EBITDA to net income and adjusted diluted net income per share to\ndiluted net income per share, the most directly comparable financial measures\nprepared in accordance with U.S. GAAP, below.\n\nForward-Looking Statements\n\nCertain statements contained herein, including statements under the headings\n“Recent Developments”, are not based on historical fact and are\n“forward-looking statements” within the meaning of applicable securities\nlaws.\n\nForward-looking statements can generally be identified by words such as\n“anticipate,” “believe,” “envision,” “estimate,” “expect,”\n“intend,” “may,” “plan,” “predict,” “project,”\n“target,” “potential,” “will,” “would,” “could,”\n“should,” “continue,” “contemplate” and other similar expressions,\nalthough not all forward-looking statements contain these identifying words.\nForward-looking statements include, but are not limited to, statements\nconcerning: our expected financial operating results for fiscal year 2026;\nplans to open new stores, expand into new regions and increase market share;\nand plans to increase brand awareness and increase comparable sales.\n\nThe preceding list is not intended to be an exhaustive list of all of our\nforward-looking statements. We may not actually achieve the plans, intentions\nor expectations disclosed in our forward-looking statements, and you should\nnot place undue reliance on our forward-looking statements. Actual results or\nevents could differ materially from the plans, intentions and expectations\ndisclosed in the forward-looking statements we make. We have based these\nforward-looking statements largely on our current expectations and projections\nabout future events and trends that we believe may affect our financial\ncondition, results of operations, business strategy and financial needs. These\nforward-looking statements are subject to a number of risks, uncertainties,\nfactors and assumptions described in “Risk Factors” in our Annual Report\non Form 10-K, including those relating to, among other things:\n\n\n * our reliance on foreign manufacturing, suppliers and imports for our products;\n\n * the significant competition within our industry;\n\n * our ability to successfully anticipate or respond to changes in consumer\npreferences;\n\n * global economic conditions and the effect of economic pressures and other\nbusiness factors on discretionary consumer spending;\n\n * the impact of current and future tariffs on our business;\n\n * managing the challenges associated with our planned new store growth;\n\n * failures by our third-party suppliers or the unavailability of suitable\nsuppliers at reasonable prices;\n\n * failures of our vendors to meet our quality standards or applicable regulatory\nframeworks;\n\n * disruption in our distribution capabilities or supply chain;\n\n * our ability to protect our intellectual property rights;\n\n * compliance with applicable governmental regulations;\n\n * our ability to protect the privacy and security of information related to our\ncustomers, us, our employees or others;\n\n * disruption in our information systems; and\n\n * our ability to effectively manage our eCommerce platform and digital marketing\nefforts.\n\nThe Company assumes no obligation to update any forward-looking statement,\nexcept as may be required by law. These forward-looking statements speak only\nas of the date of this release. All forward-looking statements are qualified\nin their entirety by this cautionary statement.\n Bob’s Discount Furniture, Inc. \n \n \n \nCondensed Consolidated Balance Sheets \n \n \n \n(Unaudited, amounts in thousands, except share and per share amounts) \n   \n   June 28, 2026   December 28, 2025 \n Assets       \n Current assets       \n Cash and cash equivalents $ 32,022   $ 53,202   \n Restricted cash   10,175     9,412   \n Accounts receivable   27,065     17,590   \n Inventories   345,853     350,284   \n Tariff refunds receivable   41,908     —   \n Prepaids and other current assets   47,974     40,871   \n Total current assets   504,997     471,359   \n Property and equipment, net   386,867     328,827   \n Operating lease right-of-use assets   661,362     641,529   \n Intangible assets   179,100     179,100   \n Goodwill   181,699     181,699   \n Deferred offering costs   —     3,981   \n Other assets   9,592     5,260   \n Total assets $ 1,923,617   $ 1,811,755   \n Liabilities and Stockholders' Equity       \n Current liabilities       \n Accounts payable $ 279,131   $ 260,610   \n Self-insurance reserves   30,061     27,959   \n Accrued expenses   52,947     66,211   \n Customer deposits   80,387     70,740   \n Current portion of Term Loan   —     1,750   \n Finance lease liabilities, current portion   14,158     15,201   \n Operating lease liabilities, current portion   106,446     100,563   \n Total current liabilities   563,130     543,034   \n Term Loan   —     337,430   \n Finance lease liabilities, noncurrent portion   72,043     44,254   \n Operating lease liabilities, noncurrent portion   701,052     678,800   \n Deferred income taxes   46,774     43,306   \n Other long-term liabilities   9,446     1,011   \n Total long-term liabilities   829,315     1,104,801   \n Total liabilities   1,392,445     1,647,835   \n Commitments and Contingencies       \n Stockholders' Equity       \n Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares   —     —   \n issued or outstanding at June 28, 2026; $0.01 par value, 50,000 shares \n authorized, no shares issued or outstanding at December 28, 2025 \n Common stock, $0.0001 par value, 445,000,000 shares authorized, 130,685,807   13     11   \n shares issued and outstanding at June 28, 2026; $0.0001 par value, 300,000,000 \n shares authorized, 119,777,765 shares issued and 110,530,029 outstanding at \n December 28, 2025 \n Additional paid-in capital   439,441     199,796   \n Treasury stock shares, at cost, — and 9,247,736 shares at June 28, 2026 and   —     (67,336 ) \n December 28, 2025, respectively \n Retained earnings   91,718     31,449   \n Total stockholders' equity   531,172     163,920   \n Total liabilities and stockholders' equity $ 1,923,617   $ 1,811,755   \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Operations and Comprehensive Income \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended         \n   June 28, 2026   June 29, 2025   Increase (Decrease) \n   Amount   % of Net Revenues   Amount   % of Net Revenues   Amount   %((1)) \n Net revenues $ 619,570     100.0 %   $ 569,529     100.0 %   $ 50,041     8.8 % \n Cost of sales   300,509     48.5 %     305,188     53.6 %     (4,679 )   (1.5 )% \n Gross profit   319,061     51.5 %     264,341     46.4 %     54,720     20.7 % \n Selling, general, and administrative   234,993     37.9 %     214,961     37.7 %     20,032     9.3 % \n Pre-opening expenses   5,533     0.9 %     5,384     1.0 %     149     2.8 % \n Net loss (gain) on disposal of fixed assets   44     — %     (157 )   — %     201     NM   \n Insurance recoveries   —     — %     (4,497 )   (0.8 )%     (4,497 )   (100.0 )% \n Total operating expenses   240,570     38.8 %     215,691     37.9 %     24,879     11.5 % \n Operating income   78,491     12.7 %     48,650     8.5 %     29,841     61.3 % \n Interest expense   1,888     0.3 %     1,221     0.2 %     667     54.6 % \n Interest income   (1,616 )   (0.2 )%     (263 )   (0.1 )%     1,353     NM   \n Other income, net   (1,331 )   (0.2 )%     (49 )   — %     1,282     NM   \n Total other (income) expense, net   (1,059 )   (0.1 )%     909     0.1 %     (1,968 )   NM   \n Income before taxes   79,550     12.8 %     47,741     8.4 %     31,809     66.6 % \n Income tax expense   21,753     3.5 %     12,531     2.2 %     9,222     73.6 % \n Net income and comprehensive income $ 57,797     9.3 %   $ 35,210     6.2 %     22,587     64.1 % \n Basic net income per share $ 0.44         $ 0.32               \n Diluted net income per share $ 0.43         $ 0.31               \n   \n ((1) )NM refers to a value that is not meaningful. \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Operations and Comprehensive Income \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Six-Month Fiscal Period Ended         \n   June 28, 2026   June 29, 2025   Increase (Decrease) \n   Amount   % of Net Revenues   Amount   % of Net Revenues   Amount   %((1)) \n Net revenues $ 1,197,666     100.0 %   $ 1,102,293     100.0 %   $ 95,373     8.7 % \n Cost of sales   622,095     51.9 %     601,309     54.6 %     20,786     3.5 % \n Gross profit   575,571     48.1 %     500,984     45.4 %     74,587     14.9 % \n Selling, general, and administrative   470,140     39.3 %     430,606     39.1 %     39,534     9.2 % \n Pre-opening expenses   10,273     0.9 %     8,369     0.7 %     1,904     22.8 % \n Net loss (gain) on disposal of fixed assets   44     — %     (136 )   — %     180     NM   \n Restructuring charges   —     — %     292     — %     (292 )   (100.0 )% \n Insurance recoveries   (667 )   (0.1 )%     (4,497 )   (0.4 )%     (3,830 )   (85.2 )% \n Total operating expenses   479,790     40.1 %     434,634     39.4 %     45,156     10.4 % \n Operating income   95,781     8.0 %     66,350     6.0 %     29,431     44.4 % \n Interest expense   17,192     1.4 %     2,124     0.2 %     15,068     NM   \n Interest income   (1,813 )   (0.1 )%     (663 )   (0.1 )%     1,150     NM   \n Other income, net   (1,331 )   (0.1 )%     (623 )   — %     708     NM   \n Total other (income) expense, net   14,048     1.2 %     838     0.1 %     13,210     NM   \n Income before taxes   81,733     6.8 %     65,512     5.9 %     16,221     24.8 % \n Income tax expense   21,419     1.8 %     17,157     1.5 %     4,262     24.8 % \n Net income and comprehensive income $ 60,314     5.0 %   $ 48,355     4.4 %     11,959     24.7 % \n Basic net income per share $ 0.48         $ 0.44               \n Diluted net income per share $ 0.46         $ 0.43               \n   \n ((1) )NM refers to a value that is not meaningful. \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Cash Flows \n \n \n \n(Unaudited, amounts in thousands) \n   \n   Six-Month Fiscal Period Ended \n   June 28, 2026   June 29, 2025 \n Cash flows from operating activities       \n Net income $ 60,314     $ 48,355   \n Adjustments to reconcile net income to net cash provided by operating       \n activities \n Stock-based compensation expense   1,554       1,822   \n Transaction losses   1,321       1,443   \n Depreciation and amortization   38,297       34,065   \n Non-cash interest expense   10,880       44   \n Loss (gain) on disposal of fixed assets   44       (136 ) \n Non-cash lease costs   36,358       37,111   \n Deferred income taxes   3,469       (823 ) \n Change in reserve for product warranties   (200 )     650   \n Changes in operating assets and liabilities       \n Accounts receivable   (10,796 )     (2,227 ) \n Inventories   4,431       (14,803 ) \n Tariff refunds receivable   (41,908 )     —   \n Prepaids and other current assets   (7,103 )     (3,313 ) \n Other assets   (4,392 )     27   \n Accounts payable   21,814       (41,820 ) \n Accrued expenses   (10,893 )     (7,225 ) \n Customer deposits   9,647       7,280   \n Operating leases   (28,056 )     (24,285 ) \n Other long-term liabilities   8,365       —   \n Net cash provided by operating activities   93,146       36,165   \n Cash flows from investing activities       \n Purchase of property and equipment   (59,904 )     (37,979 ) \n Net cash used in investing activities   (59,904 )     (37,979 ) \n Cash flows from financing activities       \n Principal payments on Term Loan   (350,000 )     —   \n Proceeds from Line of Credit   122,000       3,000   \n Principal payments on Line of Credit   (122,000 )     (3,000 ) \n Principal payments on financing lease obligations   (10,551 )     (5,487 ) \n Net proceeds related to exercise of employee stock options   1,304       1,419   \n Payments for the acquisition of treasury stock   (50 )     (709 ) \n Proceeds from issuance of common stock, net of underwriter discounts   310,915       —   \n Payments for fractional shares   (45 )     —   \n Payments of initial public offering costs   (5,232 )     —   \n Net cash used in financing activities   (53,659 )     (4,777 ) \n Net decrease in cash, cash equivalents, and restricted cash   (20,417 )     (6,591 ) \n Cash, cash equivalents, and restricted cash beginning of period   62,614       80,558   \n Cash, cash equivalents, and restricted cash end of period $ 42,197     $ 73,967   \n         \n Supplemental disclosure of cash flow data       \n Cash paid for interest $ 4,741     $ 1,155   \n Supplemental disclosure of noncash investing and financing activities       \n Assets acquired under financing leases $ 37,133     $ 22,441   \n Purchase of property and equipment included in accounts payable   18,404       8,966   \n Employees cashless exercising of stock options   19       1,964   \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Net revenues $ 619,570     $ 569,529     $ 1,197,666     $ 1,102,293   \n                 \n Adjusted gross profit and margin               \n Gross profit $ 319,061     $ 264,341     $ 575,571     $ 500,984   \n Gross margin   51.5 %     46.4 %     48.1 %     45.4 % \n IEEPA tariff refunds in cost of sales((1))   (37,863 )     —       (37,863 )     —   \n Adjusted gross profit $ 281,198     $ 264,341     $ 537,708     $ 500,984   \n Adjusted gross margin   45.4 %     46.4 %     44.9 %     45.4 % \n ((1)) Represents the IEEPA tariff refunds recognized in the three and \n six-month fiscal periods ended June 28, 2026. \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Net revenues $ 619,570     $ 569,529     $ 1,197,666     $ 1,102,293   \n                 \n Adjusted net income               \n Net income $ 57,797     $ 35,210     $ 60,314     $ 48,355   \n Restructuring charges   —       —       —       292   \n Insurance recoveries   —       (4,497 )     (667 )     (4,497 ) \n Net loss (gain) on disposal of fixed assets   44       (157 )     44       (136 ) \n IEEPA tariff refunds and related interest income((1))   (39,373 )     —       (39,373 )     —   \n Debt issuance costs acceleration((2))   —       —       10,720       —   \n Management fee((3))   —       500       2,000       1,016   \n Contract termination benefit((4))   (732 )     —       (1,923 )     —   \n Other (income) expenses, net((5))   (1,031 )     51       (199 )     554   \n Tax effect of adjustments   11,094       1,100       7,937       702   \n Adjusted net income $ 27,799     $ 32,207     $ 38,853     $ 46,286   \n Adjusted net income as % of net revenue   4.5 %     5.7 %     3.2 %     4.2 % \n Adjusted EBITDA               \n Net income $ 57,797     $ 35,210     $ 60,314     $ 48,355   \n Interest expense   1,888       1,221       17,192       2,124   \n Interest income   (1,616 )     (263 )     (1,813 )     (663 ) \n Income tax expense   21,753       12,531       21,419       17,157   \n Depreciation and amortization   19,682       17,307       38,297       34,065   \n Stock-based compensation expense   839       931       1,554       1,822   \n Restructuring charges   —       —       —       292   \n Insurance recoveries   —       (4,497 )     (667 )     (4,497 ) \n Net loss (gain) on disposal of fixed assets   44       (157 )     44       (136 ) \n IEEPA tariff refunds((6))   (37,863 )     —       (37,863 )     —   \n Management fee((3))   —       500       2,000       1,016   \n Contract termination benefit((4))   (732 )     —       (1,923 )     —   \n Other (income) expenses, net((5))   (1,031 )     51       (199 )     554   \n Adjusted EBITDA $ 60,761     $ 62,834     $ 98,355     $ 100,089   \n Adjusted EBITDA as % of revenue   9.8 %     11.0 %     8.2 %     9.1 % \n ((1)) Represents the IEEPA tariff refunds and $1.5 million in related interest \n income recognized in the three and six-month fiscal periods ended June 28, \n 2026. \n \n \n \n((2)) Represents the acceleration of debt issuance costs in connection with \n the repayment of the Term Loan in the six-month fiscal period ended June 28, \n 2026. \n \n \n \n((3) )Represents management fees paid in accordance with our Advisory \n Agreement with our controlling stockholder, which terminated in connection \n with our initial public offering (“IPO”). Activity for the six-month \n fiscal period ended June 28, 2026 reflects a termination fee of $2.0 million \n associated with the Advisory Agreement. \n \n \n \n((4) )Represents the acceleration of a bonus from our financing partner due to \n the termination of the agreement. \n \n \n \n((5)) Other (income) expenses. net represents income and costs that are not \n indicative of ongoing business operations and performance, including, but not \n limited to, third-party professional fees related to our IPO, litigation \n matters outside the ordinary course of business, bankruptcy settlements and \n senior termination benefits. \n \n \n \n((6)) Represents the IEEPA tariff refunds excluding interest income recognized \n in the three and six-month fiscal periods ended June 28, 2026. \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Adjusted diluted net income per share               \n Diluted net income per share $ 0.43     $ 0.31     $ 0.46     $ 0.43   \n Restructuring charges   —       —       —       —   \n Insurance recoveries   —       (0.04 )     (0.01 )     (0.04 ) \n Net loss (gain) on disposal of fixed assets   —       —       —       —   \n IEEPA tariff refunds and related interest income((1))   (0.29 )     —       (0.30 )     —   \n Debt issuance costs acceleration((2))   —       —       0.08       —   \n Management fee((3))   —       0.01       0.02       0.01   \n Contract termination benefit((4))   (0.01 )     —       (0.02 )     —   \n Other (income) expenses, net((5))   (0.01 )     —       —       —   \n Tax effect of adjustments   0.08       0.01       0.06       0.01   \n Adjusted diluted net income per share $ 0.20     $ 0.29     $ 0.29     $ 0.41   \n Diluted weighted average shares outstanding   135,640,953       112,763,460       131,874,659       112,684,120   \n ((1)) Represents the IEEPA tariff refunds and related interest income \n recognized in the three and six-month fiscal periods ended June 28, 2026. \n \n \n \n((2)) Represents the acceleration of debt issuance costs in connection with \n the pay down of the Term Loan in the six-month fiscal period ended June 28, \n 2026. \n \n \n \n((3)) Represents management fees paid in accordance with our Advisory \n Agreement with our controlling stockholder, which terminated in connection \n with the consummation of our proposed IPO. See \"Certain Relationships and \n Related Party Transactions - Advisory Agreement.\" Activity for the six-month \n fiscal period ended June 28, 2026 reflects the per share impact of a \n termination fee of $2.0 million associated with the Advisory Agreement. \n \n \n \n((4) )Represents the acceleration of a bonus from our financing partner due to \n the termination of the agreement. \n \n \n \n((5)) Other (income) expenses, net represents income and costs that are not \n indicative of ongoing business operations and performance, including, but not \n limited to, third-party professional fees related our initial public offering, \n litigation matters outside the normal course of business, bankruptcy \n settlements, and senior termination benefits. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260806125878/en/\n(https://www.businesswire.com/news/home/20260806125878/en/)\n\nInvestor Relations Contact:\n\nEdward Plank, Vice President, Investor Relations & Strategy\n\nIR@mybobs.com \n(mailto:IR@mybobs.com) \n\n\nMedia Contact:\n\nBobsPR@icrinc.com (mailto:BobsPR@icrinc.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw7G2JDRa","title":"Bob’s Discount Furniture Announces Second Quarter 2026 Financial Results","author":"Business Wire","ticker":"BOBS","created":"2026-08-06T10:55:00.160Z","tickers":["BOBS"],"exchange":"NYSE","article_body":"Bob’s Discount Furniture Announces Second Quarter 2026 Financial Results\n\nNet Revenue Increased 8.8%\n\nComparable Sales Increased 2.3%\n\nOpened 4 New Stores\n\nReaffirms Full Year 2026 Financial Guidance\n\nBob’s Discount Furniture, Inc. (NYSE:BOBS) (“We”, “our”, the\n“Company”, “Bob’s Discount Furniture” or “Bob’s”) today\nannounced financial results for the second fiscal quarter ended June 28, 2026.\n\n\"Our strong second quarter results demonstrate the resilience of Bob’s\nbusiness model and the effectiveness of our strategy in a demanding retail\nenvironment. As consumers remain focused on value, our Everyday Low Price\napproach continues to resonate, driving market share gains and reinforcing our\ncompetitive position,” said Bill Barton, President and Chief Executive\nOfficer. “These results are a testament to the outstanding execution of our\nteams and the unique culture that sets Bob’s apart. By remaining disciplined\nin our investments and focused on delivering exceptional value and a\ndifferentiated experience to our customers, we are well positioned to\ncapitalize on the significant growth opportunities ahead.\"\n\nSecond Quarter of Fiscal Year 2026\n\n\n * Net revenue of $619.6 million increased 8.8% from $569.5 million in the second\nquarter of fiscal year 2025 driven by new stores and comparable sales growth.\n\n * The Company opened 4 new stores and ended the quarter with 218 stores in 27\nstates.\n\n * Comparable sales growth of 2.3% was driven by higher average order value and\nconversion, partially offset by lower in-store traffic.\n\n * The Company received approval for $45.1 million in International Emergency\nEconomic Powers Act (“IEEPA”) tariff refunds in the second quarter of\nfiscal year 2026. Of this amount, the Company recognized $37.9 million of\ntariff refunds in cost of sales related to inventory previously sold, $5.7\nmillion as a reduction to inventory on hand, and $1.5 million in interest\nincome. At June 28, 2026, we had $41.9 million in IEEPA tariff refund\nreceivables, which was received subsequent to fiscal quarter end.\n\n * Gross profit increased 20.7% to $319.1 million in the second quarter of fiscal\nyear 2026, which is inclusive of $37.9 million in IEEPA tariff refunds\ndiscussed above, resulting in gross margin of 51.5%. Excluding the IEEPA\ntariff refunds, adjusted gross margin* decreased to 45.4% compared to 46.4% in\nthe prior year period due to unusually favorable freight rates in the prior\nyear, partially offset by favorable product mix shift into the “Better”\nand “Best” product categories relative to historical levels, and higher\nprotection plan and delivery margins.\n\n * Selling, general and administrative expenses (“SG&A”) increased 9.3%\nto $235.0 million in the second quarter of fiscal year 2026 due to\npayroll-related expenses for new stores, higher occupancy costs associated\nwith new and existing stores and an increase in marketing spend due to\ngreenfield store expansion. SG&A as a percentage of revenue increased\nslightly to 37.9% compared to 37.7% in the prior year period due to\nincremental marketing, and higher payroll and occupancy costs associated with\nnew stores and greenfield market expansion, substantially offset by\nefficiencies at existing stores.\n\n * Net income of $57.8 million compared to $35.2 million in the second quarter of\nfiscal year 2025. Adjusted net income* was $27.8 million compared to $32.2\nmillion in the second quarter of fiscal year 2025.\n\n * Diluted net income per share of $0.43 compared to $0.31 in the second quarter\nof fiscal year 2025. Adjusted diluted net income per share* was $0.20 compared\nto $0.29 in the second quarter of fiscal year 2025.\n\n * Adjusted EBITDA* of $60.8 million or 9.8% compared to $62.8 million or 11.0%\nin the second quarter of fiscal year 2025.\n\n*See Non-GAAP Financial Measures and Reconciliation of GAAP to Non-GAAP\nFinancial Measures below for further information. All Non-GAAP Financial\nMeasure exclude IEEPA tariff refunds, and related interest income as\napplicable.\n\nBalance Sheet and Liquidity\n\n\n * Total liquidity of $176.6 million, comprised of cash and cash equivalents of\n$32.0 million and available borrowing capacity of $144.6 million at June 28,\n2026. Subsequent to quarter end, we received $41.9 million in IEEPA tariff\nrefunds further strengthening our liquidity.\n\n * Inventories were $345.9 million as of the end of the second quarter of fiscal\nyear 2026, a decrease of 1.3% compared to year end primarily related to $5.7\nmillion in IEEPA tariff refunds recorded as a reduction of inventory in the\nperiod.\n\n * Net cash provided by operating activities was $93.1 million in the\nyear-to-date period, an increase of $57.0 million compared to the prior year,\nprimarily driven by the timing of payments on inventory purchases.\n\n * Investments in capital expenditures, net of tenant allowances of $47.3 million\nin the year-to-date period was primarily associated with our new store program\nand early development of a new distribution center in Georgia.\n\nRecent Developments\n\nThe Company has reaffirmed its top- and bottom-line guidance for full fiscal\nyear 2026 financial operating results, presented in the table below. Within\nour outlook, net income now reflects the tariff refund received in the second\nquarter, whereas adjusted EBITDA and adjusted net income do not, and we now\nexpect pre-opening expenses of approximately $26 million compared to our prior\nexpectation of $23-$24 million. Fiscal year 2026 includes 53 weeks. The\n“53rd week” is expected to deliver $40.0 million in net revenues, $3.5\nmillion in net income and $5.0 million in adjusted EBITDA.\n   Fiscal Year 2026 \n Net revenues $2,600 to $2,625 million \n Comparable sales growth((1)) 1.5% to 2.5% \n Net income $152 to $160 million \n Adjusted EBITDA((2)) $255 to $265 million \n Adjusted net income((2)) $121 to $129 million \n Other estimates:   \n Net capital expenditures((3)) $110 to $115 million \n Pre-opening expenses Approximately $26 million \n Effective tax rate Approximately 27% \n New store count Approximately 20 \n FD shares outstanding((4)) Approximately 135 million \n ((1)) Comparable sales growth is a key performance indicator that measures \n performance during the current reporting period against the performance of the \n comparable store sales and of the eCommerce sales in the corresponding period \n of the previous fiscal year. Comparable sales growth excludes net sales from \n the non-comparable 53rd week. \n \n \n \n((2)) See Non-GAAP Financial Measures for definitions of Adjusted EBITDA and \n Adjusted net income. \n \n \n \n((3) )Net capital expenditures represents capital expenditures net of tenant \n allowances. \n \n \n \n((4) )FD shares outstanding reflects expected average fully diluted shares \n outstanding for fiscal year 2026. \n\n\nConference Call\n\nA conference call to discuss fiscal year 2026 second quarter financial results\nis scheduled for today, August, 6, 2026, at 8:00 a.m. Eastern Time. Investors\nand analysts interested in participating in the call are invited to dial\n1-877-407-0779 (international callers dial 1-201-389-0914) approximately 10\nminutes prior to the start of the call. The conference call will be webcast\nand once available, a recorded replay can be accessed online at ir.mybobs.com\nfor six months.\n\nAbout Bob’s Discount Furniture\n\nBob’s Discount Furniture is a high-growth, national omnichannel retailer of\nvalue home furnishings with 218 showrooms as of June 28, 2026 across 27 U.S.\nstates. Since our founding in 1991, we have built our ethos as a trusted and\nreliable brand offering superior value and service, without compromising on\nquality or style. Our business model is anchored in delivering furniture at\n“Everyday Low Prices,” and at the heart of Bob’s success is not just the\nvalue of our furniture, but the team members who bring our promise to life\nevery day. From showroom to living room, it’s our people who make Bob’s\nfeel like home. Our belief that everyone deserves a home they love is\nreflected in how we operate daily and the appreciation we have for our people\nand communities. From our in-store guest experience specialists who create a\nno-pressure, no-gimmicks shopping experience, to our distribution and\nlogistics teams who enable fast, reliable fulfillment, Bob’s is built on the\ndedication of over 6,100 team members nationwide. For more information, please\nvisit www.mybobs.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mybobs.com&esheet=54584492&newsitemid=20260806125878&lan=en-US&anchor=www.mybobs.com&index=1&md5=a6ff5c8652437556bf0b3e2b06d7dc2b)\n.\n\nNon-GAAP Financial Measures\n\nIn addition to the results provided in accordance with U.S. GAAP, this\nearnings release and related tables include adjusted gross profit, adjusted\ngross margin adjusted net income, adjusted EBITDA, and adjusted diluted net\nincome per share, which present operating results on an adjusted basis. We\ndefine adjusted gross profit as gross profit adjusted to eliminate the impact\nof certain items that we do not consider indicative of our core operating\nperformance and adjusted gross margin as adjusted gross profit as a percentage\nof net sales. We define adjusted net income as net income adjusted to\neliminate the impact of certain items that we do not consider indicative of\nour core operating performance and the tax effect related to those items. We\ndefine adjusted diluted net income per share as adjusted net income divided by\nweighted average shares outstanding. We define adjusted EBITDA as net income\nbefore interest expense, interest income, income tax expense/(benefit), and\ndepreciation and amortization, adjusted for items that are not indicative of\nthe operating performance of the business. We believe that excluding certain\nitems from our GAAP results allows management to better understand our\nfinancial performance from period to period. Moreover, we believe these\nnon-GAAP financial measures provide our stakeholders with useful information\nto help them evaluate our operating results by facilitating an enhanced\nunderstanding of our operating performance and enabling them to make more\nmeaningful period-to-period comparisons. We use these non-GAAP measures to\nevaluate the effectiveness of our business strategies, to make budgeting\ndecisions, to evaluate our performance in connection with compensation\ndecisions and to compare our performance against that of peer companies using\nsimilar measures. However, our inclusion of these adjusted measures should not\nbe construed as an indication that our future results will be unaffected by\nunusual or infrequent items or that the items for which we have made\nadjustments are unusual or infrequent or will not recur. These non-U.S. GAAP\nmeasures are not a substitute for, or superior to, measures of financial\nperformance prepared in accordance with U.S. GAAP. Because not all companies\nuse identical calculations, the presentations of these measures may not be\ncomparable to other similarly titled measures of other companies and can\ndiffer significantly from company to company. These measures should only be\nread together with the corresponding U.S. GAAP measures. Please refer to the\nreconciliations of adjusted gross profit to gross profit, adjusted net income\nand adjusted EBITDA to net income and adjusted diluted net income per share to\ndiluted net income per share, the most directly comparable financial measures\nprepared in accordance with U.S. GAAP, below.\n\nForward-Looking Statements\n\nCertain statements contained herein, including statements under the headings\n“Recent Developments”, are not based on historical fact and are\n“forward-looking statements” within the meaning of applicable securities\nlaws.\n\nForward-looking statements can generally be identified by words such as\n“anticipate,” “believe,” “envision,” “estimate,” “expect,”\n“intend,” “may,” “plan,” “predict,” “project,”\n“target,” “potential,” “will,” “would,” “could,”\n“should,” “continue,” “contemplate” and other similar expressions,\nalthough not all forward-looking statements contain these identifying words.\nForward-looking statements include, but are not limited to, statements\nconcerning: our expected financial operating results for fiscal year 2026;\nplans to open new stores, expand into new regions and increase market share;\nand plans to increase brand awareness and increase comparable sales.\n\nThe preceding list is not intended to be an exhaustive list of all of our\nforward-looking statements. We may not actually achieve the plans, intentions\nor expectations disclosed in our forward-looking statements, and you should\nnot place undue reliance on our forward-looking statements. Actual results or\nevents could differ materially from the plans, intentions and expectations\ndisclosed in the forward-looking statements we make. We have based these\nforward-looking statements largely on our current expectations and projections\nabout future events and trends that we believe may affect our financial\ncondition, results of operations, business strategy and financial needs. These\nforward-looking statements are subject to a number of risks, uncertainties,\nfactors and assumptions described in “Risk Factors” in our Annual Report\non Form 10-K, including those relating to, among other things:\n\n\n * our reliance on foreign manufacturing, suppliers and imports for our products;\n\n * the significant competition within our industry;\n\n * our ability to successfully anticipate or respond to changes in consumer\npreferences;\n\n * global economic conditions and the effect of economic pressures and other\nbusiness factors on discretionary consumer spending;\n\n * the impact of current and future tariffs on our business;\n\n * managing the challenges associated with our planned new store growth;\n\n * failures by our third-party suppliers or the unavailability of suitable\nsuppliers at reasonable prices;\n\n * failures of our vendors to meet our quality standards or applicable regulatory\nframeworks;\n\n * disruption in our distribution capabilities or supply chain;\n\n * our ability to protect our intellectual property rights;\n\n * compliance with applicable governmental regulations;\n\n * our ability to protect the privacy and security of information related to our\ncustomers, us, our employees or others;\n\n * disruption in our information systems; and\n\n * our ability to effectively manage our eCommerce platform and digital marketing\nefforts.\n\nThe Company assumes no obligation to update any forward-looking statement,\nexcept as may be required by law. These forward-looking statements speak only\nas of the date of this release. All forward-looking statements are qualified\nin their entirety by this cautionary statement.\n Bob’s Discount Furniture, Inc. \n \n \n \nCondensed Consolidated Balance Sheets \n \n \n \n(Unaudited, amounts in thousands, except share and per share amounts) \n   \n   June 28, 2026   December 28, 2025 \n Assets       \n Current assets       \n Cash and cash equivalents $ 32,022   $ 53,202   \n Restricted cash   10,175     9,412   \n Accounts receivable   27,065     17,590   \n Inventories   345,853     350,284   \n Tariff refunds receivable   41,908     —   \n Prepaids and other current assets   47,974     40,871   \n Total current assets   504,997     471,359   \n Property and equipment, net   386,867     328,827   \n Operating lease right-of-use assets   661,362     641,529   \n Intangible assets   179,100     179,100   \n Goodwill   181,699     181,699   \n Deferred offering costs   —     3,981   \n Other assets   9,592     5,260   \n Total assets $ 1,923,617   $ 1,811,755   \n Liabilities and Stockholders' Equity       \n Current liabilities       \n Accounts payable $ 279,131   $ 260,610   \n Self-insurance reserves   30,061     27,959   \n Accrued expenses   52,947     66,211   \n Customer deposits   80,387     70,740   \n Current portion of Term Loan   —     1,750   \n Finance lease liabilities, current portion   14,158     15,201   \n Operating lease liabilities, current portion   106,446     100,563   \n Total current liabilities   563,130     543,034   \n Term Loan   —     337,430   \n Finance lease liabilities, noncurrent portion   72,043     44,254   \n Operating lease liabilities, noncurrent portion   701,052     678,800   \n Deferred income taxes   46,774     43,306   \n Other long-term liabilities   9,446     1,011   \n Total long-term liabilities   829,315     1,104,801   \n Total liabilities   1,392,445     1,647,835   \n Commitments and Contingencies       \n Stockholders' Equity       \n Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares   —     —   \n issued or outstanding at June 28, 2026; $0.01 par value, 50,000 shares \n authorized, no shares issued or outstanding at December 28, 2025 \n Common stock, $0.0001 par value, 445,000,000 shares authorized, 130,685,807   13     11   \n shares issued and outstanding at June 28, 2026; $0.0001 par value, 300,000,000 \n shares authorized, 119,777,765 shares issued and 110,530,029 outstanding at \n December 28, 2025 \n Additional paid-in capital   439,441     199,796   \n Treasury stock shares, at cost, — and 9,247,736 shares at June 28, 2026 and   —     (67,336 ) \n December 28, 2025, respectively \n Retained earnings   91,718     31,449   \n Total stockholders' equity   531,172     163,920   \n Total liabilities and stockholders' equity $ 1,923,617   $ 1,811,755   \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Operations and Comprehensive Income \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended         \n   June 28, 2026   June 29, 2025   Increase (Decrease) \n   Amount   % of Net Revenues   Amount   % of Net Revenues   Amount   %((1)) \n Net revenues $ 619,570     100.0 %   $ 569,529     100.0 %   $ 50,041     8.8 % \n Cost of sales   300,509     48.5 %     305,188     53.6 %     (4,679 )   (1.5 )% \n Gross profit   319,061     51.5 %     264,341     46.4 %     54,720     20.7 % \n Selling, general, and administrative   234,993     37.9 %     214,961     37.7 %     20,032     9.3 % \n Pre-opening expenses   5,533     0.9 %     5,384     1.0 %     149     2.8 % \n Net loss (gain) on disposal of fixed assets   44     — %     (157 )   — %     201     NM   \n Insurance recoveries   —     — %     (4,497 )   (0.8 )%     (4,497 )   (100.0 )% \n Total operating expenses   240,570     38.8 %     215,691     37.9 %     24,879     11.5 % \n Operating income   78,491     12.7 %     48,650     8.5 %     29,841     61.3 % \n Interest expense   1,888     0.3 %     1,221     0.2 %     667     54.6 % \n Interest income   (1,616 )   (0.2 )%     (263 )   (0.1 )%     1,353     NM   \n Other income, net   (1,331 )   (0.2 )%     (49 )   — %     1,282     NM   \n Total other (income) expense, net   (1,059 )   (0.1 )%     909     0.1 %     (1,968 )   NM   \n Income before taxes   79,550     12.8 %     47,741     8.4 %     31,809     66.6 % \n Income tax expense   21,753     3.5 %     12,531     2.2 %     9,222     73.6 % \n Net income and comprehensive income $ 57,797     9.3 %   $ 35,210     6.2 %     22,587     64.1 % \n Basic net income per share $ 0.44         $ 0.32               \n Diluted net income per share $ 0.43         $ 0.31               \n   \n ((1) )NM refers to a value that is not meaningful. \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Operations and Comprehensive Income \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Six-Month Fiscal Period Ended         \n   June 28, 2026   June 29, 2025   Increase (Decrease) \n   Amount   % of Net Revenues   Amount   % of Net Revenues   Amount   %((1)) \n Net revenues $ 1,197,666     100.0 %   $ 1,102,293     100.0 %   $ 95,373     8.7 % \n Cost of sales   622,095     51.9 %     601,309     54.6 %     20,786     3.5 % \n Gross profit   575,571     48.1 %     500,984     45.4 %     74,587     14.9 % \n Selling, general, and administrative   470,140     39.3 %     430,606     39.1 %     39,534     9.2 % \n Pre-opening expenses   10,273     0.9 %     8,369     0.7 %     1,904     22.8 % \n Net loss (gain) on disposal of fixed assets   44     — %     (136 )   — %     180     NM   \n Restructuring charges   —     — %     292     — %     (292 )   (100.0 )% \n Insurance recoveries   (667 )   (0.1 )%     (4,497 )   (0.4 )%     (3,830 )   (85.2 )% \n Total operating expenses   479,790     40.1 %     434,634     39.4 %     45,156     10.4 % \n Operating income   95,781     8.0 %     66,350     6.0 %     29,431     44.4 % \n Interest expense   17,192     1.4 %     2,124     0.2 %     15,068     NM   \n Interest income   (1,813 )   (0.1 )%     (663 )   (0.1 )%     1,150     NM   \n Other income, net   (1,331 )   (0.1 )%     (623 )   — %     708     NM   \n Total other (income) expense, net   14,048     1.2 %     838     0.1 %     13,210     NM   \n Income before taxes   81,733     6.8 %     65,512     5.9 %     16,221     24.8 % \n Income tax expense   21,419     1.8 %     17,157     1.5 %     4,262     24.8 % \n Net income and comprehensive income $ 60,314     5.0 %   $ 48,355     4.4 %     11,959     24.7 % \n Basic net income per share $ 0.48         $ 0.44               \n Diluted net income per share $ 0.46         $ 0.43               \n   \n ((1) )NM refers to a value that is not meaningful. \n\n Bob's Discount Furniture, Inc. \n \n \n \nConsolidated Statements of Cash Flows \n \n \n \n(Unaudited, amounts in thousands) \n   \n   Six-Month Fiscal Period Ended \n   June 28, 2026   June 29, 2025 \n Cash flows from operating activities       \n Net income $ 60,314     $ 48,355   \n Adjustments to reconcile net income to net cash provided by operating       \n activities \n Stock-based compensation expense   1,554       1,822   \n Transaction losses   1,321       1,443   \n Depreciation and amortization   38,297       34,065   \n Non-cash interest expense   10,880       44   \n Loss (gain) on disposal of fixed assets   44       (136 ) \n Non-cash lease costs   36,358       37,111   \n Deferred income taxes   3,469       (823 ) \n Change in reserve for product warranties   (200 )     650   \n Changes in operating assets and liabilities       \n Accounts receivable   (10,796 )     (2,227 ) \n Inventories   4,431       (14,803 ) \n Tariff refunds receivable   (41,908 )     —   \n Prepaids and other current assets   (7,103 )     (3,313 ) \n Other assets   (4,392 )     27   \n Accounts payable   21,814       (41,820 ) \n Accrued expenses   (10,893 )     (7,225 ) \n Customer deposits   9,647       7,280   \n Operating leases   (28,056 )     (24,285 ) \n Other long-term liabilities   8,365       —   \n Net cash provided by operating activities   93,146       36,165   \n Cash flows from investing activities       \n Purchase of property and equipment   (59,904 )     (37,979 ) \n Net cash used in investing activities   (59,904 )     (37,979 ) \n Cash flows from financing activities       \n Principal payments on Term Loan   (350,000 )     —   \n Proceeds from Line of Credit   122,000       3,000   \n Principal payments on Line of Credit   (122,000 )     (3,000 ) \n Principal payments on financing lease obligations   (10,551 )     (5,487 ) \n Net proceeds related to exercise of employee stock options   1,304       1,419   \n Payments for the acquisition of treasury stock   (50 )     (709 ) \n Proceeds from issuance of common stock, net of underwriter discounts   310,915       —   \n Payments for fractional shares   (45 )     —   \n Payments of initial public offering costs   (5,232 )     —   \n Net cash used in financing activities   (53,659 )     (4,777 ) \n Net decrease in cash, cash equivalents, and restricted cash   (20,417 )     (6,591 ) \n Cash, cash equivalents, and restricted cash beginning of period   62,614       80,558   \n Cash, cash equivalents, and restricted cash end of period $ 42,197     $ 73,967   \n         \n Supplemental disclosure of cash flow data       \n Cash paid for interest $ 4,741     $ 1,155   \n Supplemental disclosure of noncash investing and financing activities       \n Assets acquired under financing leases $ 37,133     $ 22,441   \n Purchase of property and equipment included in accounts payable   18,404       8,966   \n Employees cashless exercising of stock options   19       1,964   \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Net revenues $ 619,570     $ 569,529     $ 1,197,666     $ 1,102,293   \n                 \n Adjusted gross profit and margin               \n Gross profit $ 319,061     $ 264,341     $ 575,571     $ 500,984   \n Gross margin   51.5 %     46.4 %     48.1 %     45.4 % \n IEEPA tariff refunds in cost of sales((1))   (37,863 )     —       (37,863 )     —   \n Adjusted gross profit $ 281,198     $ 264,341     $ 537,708     $ 500,984   \n Adjusted gross margin   45.4 %     46.4 %     44.9 %     45.4 % \n ((1)) Represents the IEEPA tariff refunds recognized in the three and \n six-month fiscal periods ended June 28, 2026. \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Net revenues $ 619,570     $ 569,529     $ 1,197,666     $ 1,102,293   \n                 \n Adjusted net income               \n Net income $ 57,797     $ 35,210     $ 60,314     $ 48,355   \n Restructuring charges   —       —       —       292   \n Insurance recoveries   —       (4,497 )     (667 )     (4,497 ) \n Net loss (gain) on disposal of fixed assets   44       (157 )     44       (136 ) \n IEEPA tariff refunds and related interest income((1))   (39,373 )     —       (39,373 )     —   \n Debt issuance costs acceleration((2))   —       —       10,720       —   \n Management fee((3))   —       500       2,000       1,016   \n Contract termination benefit((4))   (732 )     —       (1,923 )     —   \n Other (income) expenses, net((5))   (1,031 )     51       (199 )     554   \n Tax effect of adjustments   11,094       1,100       7,937       702   \n Adjusted net income $ 27,799     $ 32,207     $ 38,853     $ 46,286   \n Adjusted net income as % of net revenue   4.5 %     5.7 %     3.2 %     4.2 % \n Adjusted EBITDA               \n Net income $ 57,797     $ 35,210     $ 60,314     $ 48,355   \n Interest expense   1,888       1,221       17,192       2,124   \n Interest income   (1,616 )     (263 )     (1,813 )     (663 ) \n Income tax expense   21,753       12,531       21,419       17,157   \n Depreciation and amortization   19,682       17,307       38,297       34,065   \n Stock-based compensation expense   839       931       1,554       1,822   \n Restructuring charges   —       —       —       292   \n Insurance recoveries   —       (4,497 )     (667 )     (4,497 ) \n Net loss (gain) on disposal of fixed assets   44       (157 )     44       (136 ) \n IEEPA tariff refunds((6))   (37,863 )     —       (37,863 )     —   \n Management fee((3))   —       500       2,000       1,016   \n Contract termination benefit((4))   (732 )     —       (1,923 )     —   \n Other (income) expenses, net((5))   (1,031 )     51       (199 )     554   \n Adjusted EBITDA $ 60,761     $ 62,834     $ 98,355     $ 100,089   \n Adjusted EBITDA as % of revenue   9.8 %     11.0 %     8.2 %     9.1 % \n ((1)) Represents the IEEPA tariff refunds and $1.5 million in related interest \n income recognized in the three and six-month fiscal periods ended June 28, \n 2026. \n \n \n \n((2)) Represents the acceleration of debt issuance costs in connection with \n the repayment of the Term Loan in the six-month fiscal period ended June 28, \n 2026. \n \n \n \n((3) )Represents management fees paid in accordance with our Advisory \n Agreement with our controlling stockholder, which terminated in connection \n with our initial public offering (“IPO”). Activity for the six-month \n fiscal period ended June 28, 2026 reflects a termination fee of $2.0 million \n associated with the Advisory Agreement. \n \n \n \n((4) )Represents the acceleration of a bonus from our financing partner due to \n the termination of the agreement. \n \n \n \n((5)) Other (income) expenses. net represents income and costs that are not \n indicative of ongoing business operations and performance, including, but not \n limited to, third-party professional fees related to our IPO, litigation \n matters outside the ordinary course of business, bankruptcy settlements and \n senior termination benefits. \n \n \n \n((6)) Represents the IEEPA tariff refunds excluding interest income recognized \n in the three and six-month fiscal periods ended June 28, 2026. \n\n Bob's Discount Furniture, Inc. \n \n \n \nReconciliation of GAAP to Non-GAAP Measures \n \n \n \n(Unaudited, amounts in thousands, except per share amounts) \n   \n   Three-Month Fiscal Period Ended   Six-Month Fiscal Period Ended \n   June 28, 2026 June 29, 2025   June 28, 2026   June 29, 2025 \n Adjusted diluted net income per share               \n Diluted net income per share $ 0.43     $ 0.31     $ 0.46     $ 0.43   \n Restructuring charges   —       —       —       —   \n Insurance recoveries   —       (0.04 )     (0.01 )     (0.04 ) \n Net loss (gain) on disposal of fixed assets   —       —       —       —   \n IEEPA tariff refunds and related interest income((1))   (0.29 )     —       (0.30 )     —   \n Debt issuance costs acceleration((2))   —       —       0.08       —   \n Management fee((3))   —       0.01       0.02       0.01   \n Contract termination benefit((4))   (0.01 )     —       (0.02 )     —   \n Other (income) expenses, net((5))   (0.01 )     —       —       —   \n Tax effect of adjustments   0.08       0.01       0.06       0.01   \n Adjusted diluted net income per share $ 0.20     $ 0.29     $ 0.29     $ 0.41   \n Diluted weighted average shares outstanding   135,640,953       112,763,460       131,874,659       112,684,120   \n ((1)) Represents the IEEPA tariff refunds and related interest income \n recognized in the three and six-month fiscal periods ended June 28, 2026. \n \n \n \n((2)) Represents the acceleration of debt issuance costs in connection with \n the pay down of the Term Loan in the six-month fiscal period ended June 28, \n 2026. \n \n \n \n((3)) Represents management fees paid in accordance with our Advisory \n Agreement with our controlling stockholder, which terminated in connection \n with the consummation of our proposed IPO. See \"Certain Relationships and \n Related Party Transactions - Advisory Agreement.\" Activity for the six-month \n fiscal period ended June 28, 2026 reflects the per share impact of a \n termination fee of $2.0 million associated with the Advisory Agreement. \n \n \n \n((4) )Represents the acceleration of a bonus from our financing partner due to \n the termination of the agreement. \n \n \n \n((5)) Other (income) expenses, net represents income and costs that are not \n indicative of ongoing business operations and performance, including, but not \n limited to, third-party professional fees related our initial public offering, \n litigation matters outside the normal course of business, bankruptcy \n settlements, and senior termination benefits. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260806125878/en/\n(https://www.businesswire.com/news/home/20260806125878/en/)\n\nInvestor Relations Contact:\n\nEdward Plank, Vice President, Investor Relations & Strategy\n\nIR@mybobs.com \n(mailto:IR@mybobs.com) \n\n\nMedia Contact:\n\nBobsPR@icrinc.com (mailto:BobsPR@icrinc.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-06T10:55:00.259002342Z","server_sent_at_ms":1786013700259},"received_at":"2026-08-06T10:55:00.700Z","source_url":"https://www.businesswire.com/news/home/20260806125878/en/"},"analysis":{"id":"99933","press_release_id":"110930","analysis_json":{"industry":{"label":"Specialty Retail","sector":"Consumer Discretionary"},"redFlags":["Adjusted net income declined YoY despite revenue growth","Adjusted gross margin contracted to 45.4% from 46.4% prior year","SG&A expenses grew faster than revenue (9.3% vs 8.8%)","GAAP earnings driven by one-time tariff refund of $37.9M"],"eventType":"earnings","narrative":"Bob’s Discount Furniture reported Q2 revenue of $619.6 million, up 8.8% year-over-year, driven by new store openings and a 2.3% increase in comparable sales.\n\nGAAP net income jumped to $57.8 million, bolstered by a $37.9 million tariff refund, though adjusted net income fell to $27.8 million from $32.2 million in the prior year due to margin pressure and higher operating expenses.\n\nThe company reaffirmed full-year 2026 guidance for revenue of $2.60 billion to $2.625 billion, while updating expectations for pre-opening expenses to approximately $26 million.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Revenue growth solid, but one-time tariff refunds mask underlying margin compression and adjusted earnings decline."},"keyFigures":{"eps":"$0.43","revenue":"$619.6 million","guidance":"FY26 revenue $2.6B-$2.625B; Net income $152M-$160M; Adjusted EBITDA $255M-$265M","revenueYoy":"8.8%","customDimensions":{"comps":"2.3%","adjusted_eps":"$0.20","gross_margin":"51.5%","adjusted_ebitda":"$60.8 million","adjusted_gross_margin":"45.4%","tariff_refund_recognized":"$37.9 million"}},"quotedText":"Our strong second quarter results demonstrate the resilience of Bob’s business model and the effectiveness of our strategy in a demanding retail environment.","namedEntities":{"people":[{"name":"Bill Barton","role":"President and Chief Executive Officer"},{"name":"Edward Plank","role":"Vice President, Investor Relations & Strategy"}],"products":[],"companies":[{"name":"Bob’s Discount Furniture, Inc.","ticker":"BOBS"}],"dollarAmounts":[{"amount":"$619.6 million","context":"Q2 2026 net revenue"},{"amount":"$37.9 million","context":"IEEPA tariff refunds recognized in cost of sales"},{"amount":"$57.8 million","context":"Q2 2026 net income"},{"amount":"$235.0 million","context":"Q2 2026 SG&A expenses"},{"amount":"$176.6 million","context":"Total liquidity at June 28, 2026"}]},"materialImpact":{"score":3,"reasoning":"GAAP earnings surged due to a one-time tariff refund, but adjusted earnings and EBITDA declined year-over-year, indicating underlying operational margin compression despite solid revenue growth."},"tickerRelevance":{"others":[],"primary":"BOBS"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings-with-mixed-quality","sectorWeight":"retail"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"mixed","material_impact_score":3,"narrative":"Bob’s Discount Furniture reported Q2 revenue of $619.6 million, up 8.8% year-over-year, driven by new store openings and a 2.3% increase in comparable sales.\n\nGAAP net income jumped to $57.8 million, bolstered by a $37.9 million tariff refund, though adjusted net income fell to $27.8 million from $32.2 million in the prior year due to margin pressure and higher operating expenses.\n\nThe company reaffirmed full-year 2026 guidance for revenue of $2.60 billion to $2.625 billion, while updating expectations for pre-opening expenses to approximately $26 million.","key_figures":{"eps":"$0.43","revenue":"$619.6 million","guidance":"FY26 revenue $2.6B-$2.625B; Net income $152M-$160M; Adjusted EBITDA $255M-$265M","revenueYoy":"8.8%","customDimensions":{"comps":"2.3%","adjusted_eps":"$0.20","gross_margin":"51.5%","adjusted_ebitda":"$60.8 million","adjusted_gross_margin":"45.4%","tariff_refund_recognized":"$37.9 million"}},"named_entities":{"people":[{"name":"Bill Barton","role":"President and Chief Executive Officer"},{"name":"Edward Plank","role":"Vice President, Investor Relations & Strategy"}],"products":[],"companies":[{"name":"Bob’s Discount Furniture, Inc.","ticker":"BOBS"}],"dollarAmounts":[{"amount":"$619.6 million","context":"Q2 2026 net revenue"},{"amount":"$37.9 million","context":"IEEPA tariff refunds recognized in cost of sales"},{"amount":"$57.8 million","context":"Q2 2026 net income"},{"amount":"$235.0 million","context":"Q2 2026 SG&A expenses"},{"amount":"$176.6 million","context":"Total liquidity at June 28, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-06T14:21:29.939Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings-with-mixed-quality","sectorWeight":"retail"}},"durationMs":157832,"modelName":"glm-4.7"}}