Bob’s Discount Furniture has reported net revenue of $2.4bn for fiscal year 2025 (FY25), up 16.8% from $2bn a year ago, citing new store openings and gains in comparable sales.

The US furniture retailer said it opened 20 stores during the year and ended the period with 209 locations across 26 states.

For the year ended 28 December 2025, gross profit rose 14% to $1.1bn compared with FY24.

Gross margin fell 110 basis points to 45.7%, which the company attributed to a change in product mix and higher freight costs.

Comparable sales increased 7.7%, driven mainly by higher in-store conversion.

Net income climbed to $121.7m from $87.9m a year earlier. Adjusted net income was $120.2m compared with $90.8m in the year-ago period.

Adjusted EBITDA was $240.8m, equal to 10.2% of net revenues, up from $194m, or 9.6%, in the prior year.

The results are the company’s first earnings report since its IPO on 6 February 2026. The offering was priced at $17 per share, with 19.45 million shares sold, generating net proceeds of $302.7m.

Bob’s Discount Furniture president and CEO Bill Barton said: “Our recent IPO marks a historic milestone that represents years of dedication from our nearly 6,000 team members who live our values every day.

“As we execute our disciplined expansion strategy targeting the significant whitespace ahead, we remain focused on our core belief: everyone deserves a home they love. With our strong unit economics, a proven portable store model, and significant runway for growth, we are well-positioned to deliver sustainable value for our customers, team members, and shareholders.”

In the fourth fiscal quarter, net revenue rose 8.2% to $648.8m from $599.8m in the same quarter of FY24.

Comparable sales increased 1% while adjusted comparable sales growth was 2.8%.

Quarterly gross profit increased 8.6% to $296.5m, and gross margin edged up 20 basis points to 45.7%.

Net income for the quarter was $41m, up from $38.6m a year earlier.

Adjusted EBITDA for the quarter was $76.5m, or 11.8% of net revenues, compared with $72.9m, or 12.2%, in the fourth quarter of FY24.

For FY26, Bob’s Discount Furniture expects net revenues of $2.6bn to $2.62bn.

The company forecast net income of $113m to $121m and adjusted EBITDA of $255m to $265m.

It also said it plans to open around 20 new stores in FY26.