Thanks for your great work.
Rob
EPS of $0.57 beat estimates of $0.437 and sales of $326.43M beat estimates of $290.22M. Sales grew by 36.5% year-over-year, and its comparable store sales jumped 28.6%. Operating income and adjusted EBITDA grew significantly, and it demonstrated strong margin expansion. It continues to open new stores and management raised comparable store sales growth guidance to 17.0% to 19.0% for the full year, up from 7.5% to 9.0%. It also increased adjusted EBITDA margin guidance to 32.0% to 33.5%. Overall, this was an exceptional quarter, and its growth profile appears to be accelerating alongside profit margin expansion, a strong combination.
We would be comfortable buying into this strength today, although it could consolidate after this large move up.