| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'27 | August 20, 2026 | 5/12 | 1 high, 4 medium, 1 low flags | 1 | 0 | Call sheet → |
| Q1'27 | May 21, 2026 | 8/12 | 2 medium, 4 low flags | 4 | 0 | Call sheet → |
| Q4'26 | February 19, 2026 | 11/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Q1'26 | 2025-05-15 | 9/12 | 5 medium, 3 low flags | 5 | 1 | Call sheet → |
| Q4'25 | 2025-02-20 | 10/12 | 3 medium, 3 low flags | 7 | 0 | Call sheet → |
| Q3'25 | November 19, 2024 | 10/12 | 1 medium, 6 low flags | 5 | 0 | Call sheet → |
| Q2'25 | August 15, 2024 | 8/12 | 5 medium, 2 low flags | 2 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'27 | Exceeded | Maintain ~7,200 rollbacks in Q1 and accelerate count Rollback count rose to ~11,000 in Q2, surpassing the prior level. |
| Q2'27 | Pending | Weekly active users of Sparky up >100% YoY and AOV +35% vs non‑Sparky customers Q2 shows customers using Sparky up 70% YoY and AOV +40% but management never confirmed the weekly active user metric or delivered a monetization plan. |
| Q1'27 | Delivered | Automation benefits and productivity improvements Confirmed 60% of stores receiving automated freight, 50% FC volume automated |
| Q1'27 | Delivered | eCommerce will continue to be primary driver of growth 26% eCommerce growth delivered as promised |
| Q1'27 | Delivered | Continue to gain market share across business Confirmed share gains in Q1 with transaction growth strongest in 6 quarters |
| Q1'27 | Pending | Profitability would improve after Q1 Q2 guide of 7-10% suggests delivery on this promise |
| Q1'27 | Pending | Full year operating income growth of 6-8% Reiterated despite fuel headwinds, requires strong back half |
| Q1'27 | Delivered | First quarter operating income growth would be lowest of any quarter Q1 at ~5% vs Q4 at 10.5%, promise kept |
| Q4'26 | Pending | Q3: International 'strong momentum' continuing International segment metrics less prominent in Q4 commentary - may indicate moderation |
| Q4'26 | Exceeded | Q3: 'Agentic commerce will be great for customers' Delivered measurable results: 50% app user engagement, 35% higher AOV |
| Q4'26 | Delivered | Q3: E-commerce growth momentum continuing 24% growth globally, 27% in US, seventh consecutive quarter above 20% |
| Q4'26 | Delivered | Q3: 'We're playing offense' to gain market share Continued share gains across income cohorts, majority from households >$100K |
| Q4'26 | Delivered | Q3: Continue growing profits faster than sales Q4 operating income +10.5% vs sales +4.9%, third consecutive year of achieving this |
| Q4'26 | Exceeded | Q3: 'The team is delivering according to plan' on automation Q4 disclosed 60% of stores getting automated freight, 50% of e-commerce fulfillment automated - ahead of prior guidance |
| Q1'26 | Delivered | International business to continue strong growth trajectory 7.8% constant currency growth vs 5.7% in Q4 |
| Q1'26 | Missed | Operating income to grow faster than sales on annual basis Q1 OI grew 3% vs sales 4% - though they say framework holds annually |
| Q1'26 | Exceeded | Continue to see eCommerce economics improve Achieved first-ever global eCommerce profitability milestone |
| Q1'26 | Pending | CapEx to range between 3% and 3.5% of sales Reaffirmed for FY26, tracking as expected |
| Q1'26 | Delivered | Consolidated net sales growth of 3% to 4% in constant currency for Q1 Hit 4% growth, at the top end of range |
| Q1'26 | Exceeded | Q1 EPS range expected to be $0.57 to $0.58 Delivered $0.61, well above guidance |
| Q1'26 | Exceeded | Q1 operating income projected to grow 0.5% to 2% in constant currency Achieved 3% growth, above the guided range |
| Q4'25 | Exceeded | Return on investment improvements ROI improved 50bps to 15.5%, highest since 2016 |
| Q4'25 | Delivered | Advertising business momentum to continue +27% growth, though slightly decelerated from +28% last quarter |
| Q4'25 | Delivered | Membership income to be a growth driver +21% growth globally, though decelerated from +22% last quarter |
| Q4'25 | Exceeded | Supply chain automation benefits to continue Now over 50% of fulfillment center volume automated vs prior disclosure of less than half |
| Q4'25 | Delivered | General merchandise improvement in future quarters Second consecutive quarter of low single-digit comp growth |
| Q4'25 | Delivered | E-commerce losses continue to narrow 80% improvement in U.S. e-commerce losses year-over-year |
| Q4'25 | Delivered | Operating income to grow faster than sales annually +9.4% operating income vs +5.2% sales, maintained the framework |
| Q3'25 | Delivered | Margin improvements from diverse set of offerings Gross margin expansion despite GLP-1 mix headwinds |
| Q3'25 | Delivered | General merchandise improvement Positive low-single digit growth despite 4% deflation |
| Q3'25 | Exceeded | International to continue strong growth 12.4% growth vs prior 8.3%, outperformed expectations |
| Q3'25 | Pending | Automation investments will yield returns that increase ROIC each year Automation penetration growing but ROIC impact not quantified this quarter |
| Q3'25 | Delivered | E-commerce losses continue to narrow Third consecutive quarter of ~40% reduction in delivery cost per order |
| Q3'25 | Delivered | Operating income will grow faster than sales 9.8% op income growth vs 6.1% sales growth - delivered again |
| Q2'25 | Delivered | Strong seasonal performance continuation (Q1) Back-to-school started strong per John Furner |
| Q2'25 | Pending | More than 900 store remodels this year (Q1) Completed nearly 70 in Q1, no Q2 update provided |
| Q2'25 | Pending | Second-half sales growth consistent with financial framework (Q1) Q3 guidance of 3.25-4.25% suggests they're sticking to this |
| Q2'25 | Delivered | E-commerce losses continue to narrow (Q1) Delivery cost per order down nearly 40% again |
| Q2'25 | Missed | Continue to see operating income growing faster than sales (Q1) Q2 op income growth 7.4% vs sales growth 4.9%, but margin compressed vs Q1's massive outperformance |
| Q2'25 | Pending | Sam's Just Go in all U.S. clubs by year end (Q1 commitment) At 325 clubs now, on track but still need ~275 more in 5 months |
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