| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 27, 2026 | 7/12 | 2 medium flags | 0 | 0 | Call sheet → |
| Q1'26 | May 28, 2026 | 11/12 | 6 low flags | 4 | 0 | Call sheet → |
| Q4'25 | March 5, 2026 | 12/12 | 1 medium, 5 low flags | 6 | 0 | Call sheet → |
| Q3'25 | November 25, 2025 | 10/12 | 2 high, 4 medium, 1 low flags | 7 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q1'26 | Delivered | Tax refund upside especially in Q1 (from Q4 call) Quantified at 1.5-2 points of comp benefit |
| Q1'26 | Pending | Store Experience 2.0 completion across chain by end of year (from Q4 call) Reiterated this timeline |
| Q1'26 | Exceeded | 110 net new stores for 2026 (from Q4 call) Raised to 115 net new stores |
| Q1'26 | Delivered | Any ahead-of-plan sales in 2026 will drive further operating margin expansion (from Q4 call) Q1 showed exactly this - 6% comp drove 20bps expansion vs guided decline |
| Q1'26 | Exceeded | We are raising our comp guidance to 1% to 3% for the full year (from Q4 call) Updated to 2-4% range, passing through Q1 outperformance |
| Q1'26 | Pending | We think there may be potential upside in Q3 and maybe even in Q4 (from Q4 call) Still maintaining this view for 2026 back half, reiterated on this call |
| Q4'25 | Delivered | Strong new store performance New stores meeting $7M target and comping above chain |
| Q4'25 | Exceeded | Continued margin expansion despite tariffs Not only maintained but accelerated margin expansion |
| Q4'25 | Delivered | 104 net new stores for 2025 Opened exactly 104 net new stores as planned |
| Q4'25 | Delivered | Full year EBIT margin expansion of 60-70bps Hit 80bps at high end despite tariff headwinds |
| Q4'25 | Exceeded | Q4 EBIT margin expansion of 30-50bps Delivered 100bps expansion, double the high end |
| Q4'25 | Exceeded | Q4 comp guidance of 0-2% maintained Delivered 4% comp, well above high end of guidance range |
| Q3'25 | Exceeded | Offset most but not all incremental tariff pressure Fully offset tariff impact and raised full-year margin guidance by 30bps |
| Q3'25 | Delivered | Ready to chase if trend turns stronger, with great deals in reserve Did chase when weather turned in mid-October, comp improved to mid-single digits |
| Q3'25 | Exceeded | 100 net new stores in fiscal 2025 Raised to 104 net new stores, 4% increase from original plan |
| Q3'25 | Exceeded | Q3 EPS guidance of $1.50 to $1.60 Delivered $1.80 vs $1.50-1.60 guidance, $0.20-0.30 beat |
| Q3'25 | Exceeded | Operating margin of down 20 basis points to flat vs Q3 2024 Delivered +60bps expansion vs guidance of down 20bps to flat, major beat |
| Q3'25 | Exceeded | Total sales increase of 5% to 7% for Q3 Delivered 7% total sales growth, at high end of guidance |
| Q3'25 | Delivered | Comp store sales guidance of 0% to 2% for Q3 Delivered 1% comp, within guidance range but at low end |
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