Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when BOBS files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsBob's Discount Furniture reports Q2 revenue up 8.8%, receives $45.1M tariff refund
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
-
high
Received $45.1M in IEEPA tariff refunds, with $37.9M boosting Q2 gross profit, $5.7M reducing inventory, and $1.5M as interest income; the $41.9M receivable was collected after quarter end.
Exhibit 99.1 view on EDGAR → -
high
Q2 net revenue rose 8.8% to $619.6M driven by new stores and 2.3% comparable sales growth (higher average order value and conversion offset lower in-store traffic).
Exhibit 99.1 view on EDGAR → -
high
Q2 net income was $57.8M ($0.43 per diluted share) versus $35.2M ($0.31) prior year; adjusted net income was $27.8M ($0.20 per share) versus $32.2M ($0.29), reflecting underlying operating pressure.
Exhibit 99.1 view on EDGAR → -
medium
Adjusted gross margin declined to 45.4% from 46.4% due to less favorable freight rates versus prior year, partially offset by favorable product mix shift to higher-margin categories and improved protection plan margins.
Exhibit 99.1 view on EDGAR → -
high
Reaffirmed full-year 2026 guidance: net revenues $2,600-$2,625M, comparable sales growth 1.5%-2.5%, net income $152-$160M (now including the tariff refund), adjusted EBITDA $255-$265M, adjusted net income $121-$129M.
Exhibit 99.1 view on EDGAR →
Summary
Bob's Discount Furniture reported second quarter results that benefited materially from a one-time $45.1 million tariff refund under the International Emergency Economic Powers Act. The refund, collected after quarter end, boosted reported net income to $57.8 million and diluted EPS to $0.43, up from $35.2 million and $0.31 in the prior year.
Excluding the refund, adjusted net income declined to $27.8 million ($0.20 per share) from $32.2 million ($0.29), reflecting underlying operating headwinds. Operationally, the company delivered 8.8% revenue growth to $619.6 million, driven by new store openings and 2.3% comparable sales growth. The comp increase reflected higher average order values and improved conversion rates, though in-store traffic declined.
Adjusted gross margin compressed 100 basis points to 45.4% due to less favorable freight rates versus the prior year's unusually low costs, partially offset by a favorable product mix shift toward higher-margin "Better" and "Best" categories. Management reaffirmed full-year 2026 guidance, now incorporating the tariff refund into the net income range of $152-$160 million while holding adjusted EBITDA and adjusted net income targets steady at $255-$265 million and $121-$129 million, respectively. The guidance signals confidence in the underlying business trajectory despite the margin pressure and traffic softness evident in the quarter.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Bob's Discount Furniture disclosed Q2 FY2026 financial results for the quarter ended June 28, 2026.
Added in current filing · verify on EDGAR →
On August 6, 2026, Bob’s Discount Furniture, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 28, 2026.
The company announced financial results for its fiscal second quarter ended June 28, 2026. The 8-K references a press release attached as Exhibit 99.1 but does not include quantitative results in the body of the filing.
Event · Exhibit 99.1
Bob's Discount Furniture reported Q2 2026 results with 8.8% revenue growth, 2.3% comparable sales growth, and a $45.1M tariff refund.
Added in current filing · view on EDGAR →
Gross profit increased 20.7% to $319.1 million in the second quarter of fiscal year 2026, which is inclusive of $37.9 million in IEEPA tariff refunds discussed above, resulting in gross margin of 51.5%. Excluding the IEEPA tariff refunds, adjusted gross margin* decreased to 45.4% compared to 46.4% in the prior year period due to unusually favorable freight rates in the prior year, partially offset by favorable product mix shift into the “Better” and “Best” product categories relative to historical levels, and higher protection plan and delivery margins.
Gross profit rose 20.7% to $319.1 million, yielding a 51.5% gross margin that includes the $37.9 million tariff refund. Excluding the refund, adjusted gross margin was 45.4%, down from 46.4% in the prior year due to less favorable freight rates, though partially offset by a favorable product mix shift toward higher-margin "Better" and "Best" categories and improved protection plan and delivery margins.
Added in current filing · view on EDGAR →
The Company has reaffirmed its top- and bottom-line guidance for full fiscal year 2026 financial operating results, presented in the table below. Within our outlook, net income now reflects the tariff refund received in the second quarter, whereas adjusted EBITDA and adjusted net income do not, and we now expect pre-opening expenses of approximately $26 million compared to our prior expectation of $23-$24 million. ... Net revenues $2,600 to $2,625 million ... Comparable sales growth(1)
1.5% to 2.5% ... Net income $152 to $160 million ... Adjusted EBITDA(2)
$255 to $265 million ... Adjusted net income(2)
$121 to $129 million
Bob's reaffirmed full-year 2026 guidance: net revenues of $2,600 to $2,625 million, comparable sales growth of 1.5% to 2.5%, net income of $152 to $160 million (now including the Q2 tariff refund), adjusted EBITDA of $255 to $265 million, and adjusted net income of $121 to $129 million. Pre-opening expenses are now expected at approximately $26 million, up from the prior $23-$24 million estimate.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify