US-based Bob’s Discount Furniture posted an 8.5% rise in net revenue in the first quarter (Q1) of fiscal year 2026 (FY26) and maintained its full-year 2026 financial guidance.
For the quarter ended 29 March 2026, net revenue reached $578.09m, up from $532.7m in the same quarter of FY25.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Comparable sales were up 1.2%, supported by higher conversion rates and average order value across retail and e-commerce channels.
The company said this was partly offset by reduced in-store traffic during periods affected by severe winter weather.
The retailer opened five new stores in the quarter, taking its estate to 214 stores across 26 US states by the end of the period.
Net income fell to $2.5m from $13.1m a year earlier while adjusted net income declined to $11.1m from $14.1m.
Diluted net income per share decreased to $0.02 from $0.12.
Gross profit increased 8.4% year-on-year to $256.5m while gross margin was unchanged at 44.4%.
The company said margin performance reflected a favourable product mix, decreased freight costs and higher protection plan margins, offset by fixed costs related to its new Midwest regional distribution centre and inventory growth.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) edged up to $37.6m from $37.3m in Q1 FY25 while adjusted EBITDA margin declined to 6.5% from 7.0%.
Bob’s Discount Furniture also reaffirmed its fiscal year 2026 guidance.
It forecast net revenues of $2.60bn to $2.625bn and comparable sales growth of 1.5% to 2.5%.
For the full year, the company expects net income of $113m to $121m and adjusted EBITDA of $255m to $265m.
The retailer said FY26 includes a 53rd week, which is expected to contribute $40m in net revenues, $3.5m in net income and $5m in adjusted EBITDA.
