BOBS posts 8.8% revenue growth in Q2 2026, boosted by $619.6M one-time tariff refund

Filed August 6, 2026 · Period ending June 28, 2026 · ~2 min read

Key Changes

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  Q2 FY2026 net income benefited from a $37.9M tariff refund (IEEPA claims approved by CBP), recognized as a reduction to cost of sales. Excluding this one-time gain, adjusted gross margin compressed 100 bp to 45.4% due to higher freight costs, partially offset by favorable product mix.

  MD&A: Gross Margin & Tariff Refunds verify on EDGAR →
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  Company completed IPO in February 2026, raising net proceeds of $304.2M (19.45M shares at $17.00, gross $330.6M before underwriting discount).

  Notes: IPO & Debt Repayment verify on EDGAR →
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  Revenue grew 8.8% to $619.6M in Q2 FY2026, driven by $41.0M in non-comparable sales (new stores) and 2.3% comparable sales growth. Company opened 9 new stores year-to-date and targets over 500 stores by 2035, with new-store cash-on-cash returns expected to exceed 80% by year five.

  MD&A: Revenue & Store Expansion verify on EDGAR →