Net income was $196.5 million, down 28.9% while EPS decreased 29.4% to $0.89 compared to last year.
Revenue beat estimates while earnings fell short.
The company is updating its guidance for fiscal year 2024 and now expects net sales growth of approx. 4.8-5.1%, compared to its previous expectation of approx. 4.7-5.3%.
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Same-store sales growth is expected to be approx. 1.1-1.4%, compared to the prior expectation of 1.0-1.6%. EPS is expected to be approx. $5.50-5.90, compared to the previous expectation of approx. $5.50-6.20.
The stock rose over 1% in premarket hours on Thursday.
Prior performance
