SHARPE
Reported results
- Net sales increased 5.1% to $3.91 billion compared to $3.72 billion in the third quarter of 2025.
- Comparable store sales increased 0.4% in the third quarter of 2026.
- Gross profit increased 2.6% to $1.42 billion with a gross margin rate of 36.4%.
- Operating income decreased 10.2% to $307.7 million compared to $342.7 million in the third quarter of 2025.
- Net income decreased 13.3% to $224.7 million compared to $259.3 million in the prior-year period.
- Diluted Earnings Per Share (“EPS”) decreased 11.6% to $0.43 compared to $0.49 in the third quarter of 2025.
Guidance
- Fiscal year 2026 Net Sales: +2.5% to +3.5%
- Fiscal year 2026 Comparable Store Sales: (1%) to flat
- Fiscal year 2026 Operating Margin Rate: 8.0% to 8.3%
- Fiscal year 2026 Adjusted Operating Margin Rate (non-GAAP): 8.5% to 8.8%
- Fiscal year 2026 Net Income: $930 million to $990 million
- Fiscal year 2026 Adjusted Net Income (non-GAAP): $990 million to $1.05 billion
- Fiscal year 2026 Earnings per Diluted Share: $1.78 to $1.88
- Fiscal year 2026 Adjusted Earnings per Diluted Share (non-GAAP): $1.90 to $2.00
Notes
Prior period amounts for Owned Brands and Exclusive Product Categories (% of total sales) and prior year average inventory per store amounts were recast to conform to current year presentation.
Price and volatility reaction
The stock moved +6.2% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 32.69 | 2026-10-21 |
| Close after release | 34.73 | 2026-10-22 |
| Realised move | +6.2% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.