| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 20, 2026 | 9/12 | 1 high, 3 medium, 2 low flags | 0 | 1 | Call sheet → |
| Q1'26 | 2026-05-21 | 8/12 | 4 medium, 4 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 13, 2026 | 9/12 | 5 medium, 3 low flags | 4 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | We expect adjusted operating income margin between 3.8% and 4.5% for 2026, resulting in 130 to 200 basis points of year-over-year margin expansion. FY2026 not ended; guidance reaffirmed unchanged this quarter. |
| Q2'26 | Pending | Full year 2026 free cash flow is expected at approximately $100 million supported by stronger sales and profitability. FY2026 not ended; reaffirmed unchanged at Q2 despite $120M already generated YTD, an unresolved and notable gap worth tracking into Q3/Q4. |
| Q2'26 | Pending | We plan to open 40 to 45 new stores and 10 to 15 market hubs during the year. FY2026 period not yet ended; guidance was revised this quarter, not resolved: stores cut to 30-35, market hubs raised to 15-20. This is a mid-year revision, not a final miss/beat. |
| Q2'26 | Missed | So in Q2, we expect comps to moderate a little bit from Q1, and that's consistent with how we planned earlier in the year. We expect comps in line with our guidance range, so still in that ballpark. Q2 actual: 'the team navigated a volatile demand environment, which contributed to a slight decline in comparable sales'; this is a negative comp, not a moderated-but-positive comp as implied last quarter. |
| Q1'26 | Delivered | 45% gross margin rate for 2026 Achieved 45.1% in Q1, ahead of plan despite LIFO headwinds |
| Q1'26 | Pending | Store infrastructure upgrades at more than 1,000 locations Planning continues, following 1,600+ stores upgraded in 2025 |
| Q1'26 | Pending | Open 40-45 new stores and 10-15 market hubs in 2026 Opened 2 market hubs to 35 total, on pace for full year targets |
| Q1'26 | Delivered | Modernize DIY loyalty program with Advance Rewards Launched in Q1 with increased sign-ups, penetration, and transactions |
| Q1'26 | Delivered | Launch ARGOS owned oil brand Successfully launched and expanded beyond motor oil to hydraulic oils, antifreeze, performance chemicals |
| Q1'26 | Pending | Return to positive free cash flow in 2026 with approximately $100M generation On track with -$75M Q1 outflow vs -$198M prior year, but seasonal pattern requires H2 performance |
| Q4'25 | Pending | Return to positive free cash flow in 2026 Committed to $100M FCF for 2026 |
| Q4'25 | Pending | Target at least 100 new store openings over the next 2 years 40-45 in 2026 suggests on pace but back-end weighted |
| Q4'25 | Delivered | Complete consolidation to 16 DCs in the U.S. by end of 2025 Currently at 16 DCs as committed |
| Q4'25 | Delivered | Launch refreshed store operating model in Q4 with full implementation during first half of 2026 Launched in Q4 as promised, rollout continuing |
| Q4'25 | Pending | Stay on the path to opening 60 market hubs by mid-2027 Reaffirmed timeline, still on track |
| Q4'25 | Exceeded | We will continue to open new market hubs in 2026 Committed to 10-15 openings, more specific than Q3 promise |
| Q4'25 | Delivered | We expect to end the year with 33 market hub locations Achieved exactly 33 locations as promised |
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