| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'27 | August 27, 2026 | 7/12 | 2 high, 2 medium, 2 low flags | 0 | 1 | Call sheet → |
| Q1'26 | June 2, 2026 | 10/12 | 1 high, 3 medium, 3 low flags | 3 | 0 | Call sheet → |
| Q4'25 | March 12, 2026 | 11/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Q3'25 | December 4, 2025 | 10/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'27 | Missed | Modest SG&A deleverage in 2026 was forecast in Q1 2026 earnings call Q2 SG&A leverage was flat, not delevered, after tariff reinvestments |
| Q1'26 | Exceeded | EPS range of $7.10 to $7.35 for 2026 Raised guidance to $7.20-$7.45 after Q1 outperformance |
| Q1'26 | Pending | Launch at least 15 new nonconsumable brands in 2026 Launched 3 brands in Q1 including Kelly Williams, on track |
| Q1'26 | Pending | Launch delivery subscription program pilot Still described as 'later this year' with no specific timeline |
| Q1'26 | Delivered | Continued gross margin expansion in 2026 65bps expansion in Q1 exceeded expectations despite higher fuel costs |
| Q1'26 | Delivered | Grow inventory at rate below sales growth Inventory per store down 1.6% vs sales up 3.4% |
| Q1'26 | Pending | Open 450 new stores in 2026 Opened 190 in Q1, on track for annual target |
| Q1'26 | Pending | Execute 2,000 Project Renovate and 2,250 Project Elevate remodels in 2026 Completed 659 Renovate and 711 Elevate in Q1 - on pace but early |
| Q4'25 | Exceeded | DG delivery available in more than 17,000 stores Now available through ~18,000 stores across multiple platforms |
| Q4'25 | Delivered | Continue to see significant improvements in customer satisfaction in remodeled stores Both remodel programs scoring 100+ bps higher than chain average |
| Q4'25 | Pending | Net sales growth of approximately 4.7% to 4.9% for 2025 Q4 performance suggests will hit or exceed this range |
| Q4'25 | Delivered | Capital spending towards low end of $1.3B-$1.4B range Came in at low end as guided |
| Q4'25 | Exceeded | 575 new store openings in US plus up to 15 in Mexico in 2025 Opened 581 US stores, 16 Mexico stores |
| Q4'25 | Delivered | Execute approximately 4,885 real estate projects in 2025 Completed the program as planned |
| Q3'25 | Exceeded | Capital spending in range of $1.3B to $1.4B Now expecting towards low end, better capital efficiency |
| Q3'25 | Delivered | Shrink to be continued tailwind though lesser extent in Q4 90bps improvement delivered as promised, with Q4 moderation noted |
| Q3'25 | Pending | Execute approximately 4,885 real estate projects in 2025 On track with projects substantially completed through 10 periods |
| Q3'25 | Delivered | Expect Project Elevate comp lifts in 3% to 5% range Tracking to ~3%, at low end but within range |
| Q3'25 | Delivered | Continue to expect comp sales lifts of approximately 6% for Project Renovate stores Maintained 6% target, down from prior 6-8% range but delivered |
| Q3'25 | Exceeded | DG delivery available in approximately 10,000 stores by year-end Actually delivered 17,000+ stores, massive beat on guidance |
Get free previews of our earnings-call research: the key changes, management scores, and questions worth investigating. Subscribe for full call sheets and deeper analysis.
Subscriptions are managed by Substack. If the form does not load, subscribe directly. Or follow the RSS feed.