The stock rallied 12.7% post-earnings, driven by strong revenue and margin expansion alongside raised store opening guidance that clearly exceeded investor expectations.
- Revenue grew 25% year-over-year, supported by 10 new store openings, reaching 200 stores system-wide.
- Store-level profit increased 28%, with store-level margins hitting record highs.
- Adjusted EBITDA grew 17% despite the incremental costs of transitioning to a public company.
- Same-store sales rose 4.2%, or 15.1% on a two-year basis, sustaining 14 consecutive quarters of positive comps.
- Digital sales improved, comprising 17.2% of revenue, boosted by loyalty program participation now at 68% of transactions.
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