In the third quarter ended Nov. 2, sales rose 22.2% to $1.9 billion and net income increased 16.6% to $321.7 million, prompting the company to raise its fiscal 2026 guidance.
The discount retailer released third-quarter financial results Thursday and updated its 2026 guidance, last issued in April, to reflect year-to-date performance and what it expects to be “continued positive customer response” in the fourth quarter.
Comparable store sales in Canada rose six percent, compared with 3.3 percent in the prior year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 20.1 percent to $612 million from $509.7 million last year.
Operating income rose 18 percent to $481.2 million.
Diluted net earnings per common share rose 19.4% to $1.17 from $0.98 a year earlier.
The company raised its 2026 comparable store sales forecast to 4.2 percent to 4.7 percent from a previously announced range of three to four percent.
Gross margin for the year is expected to be between 45 percent and 45.5 percent, down from the previous forecast of 44.2 percent to 45.2 percent.
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