SHARPE
Reported results
- Total revenues increased 3.4% to $1,185.6 million in Q3 2026 versus $1,147.1 million in Q3 2025 (GAAP)
- Income from operations increased 8.3% to $241.8 million in Q3 2026 versus $223.2 million in Q3 2025 (GAAP); excluding $0.2 million negative foreign currency impact, income from operations increased 8.4%
- Net income increased 9.2% to $152.2 million in Q3 2026 versus $139.3 million in Q3 2025 (GAAP)
- Diluted earnings per share was $4.60 in Q3 2026 versus $4.08 in Q3 2025 (GAAP), a 12.7% increase
- Global retail sales growth (excluding foreign currency impact) was 3.2% in Q3 2026; U.S. same store sales growth was 0.3%; international same store sales growth (excluding foreign currency impact) was 0.2%
- Net store growth was 175 stores in Q3 2026, including 26 net store openings in the U.S. and 149 net store openings internationally
Notes
The company refranchised certain U.S. Company-owned store markets in Q2 2026. Free cash flow for three fiscal quarters 2026 was $459.8 million versus $495.6 million in three fiscal quarters 2025. Leverage ratio was 4.2x as of September 6, 2026 versus 4.5x as of September 7, 2025. The company repurchased 848,503 shares for $304.9 million during the three fiscal quarters of 2026.
Price and volatility reaction
The stock moved -4.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -7.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 310.9 | 2026-10-12 |
| Close after release | 296.1 | 2026-10-13 |
| Realised move | -4.8% | close to close |
| 30d ATM IV change | -7.9 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-13 (8-K, Item 2.02). Read the original filing on sec.gov.