Earnings release
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BOB'S Discount Furniture . mybobs.com BOB'S DISCOUNT FURNITURE ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS Net Revenue Increased 8.8 % Comparable Sales Increased 2.3 % Opened 4 New Stores Reaffirms Full Year 2026 Financial Guidance MANCHESTER , Conn . - Bob's Discount Furniture , Inc. ( NYSE : BOBS ) ( " We " , " our " , the " Company " , " Bob's Discount Furniture " or " Bob's " ) today announced financial results for the second fiscal quarter ended June 28 , 2026 . " Our strong second quarter results demonstrate the resilience of Bob's business model and the effectiveness of our strategy in a demanding retail environment . As consumers remain focused on value , our Everyday Low Price approach continues to resonate , driving market share gains and reinforcing our competitive position , " said Bill Barton , President and Chief Executive Officer . " These results are a testament to the outstanding execution of our teams and the unique culture that sets Bob's apart . By remaining disciplined in our investments and focused on delivering exceptional value and a differentiated experience to our customers , we are well positioned to capitalize on the significant growth opportunities ahead . " Second Quarter of Fiscal Year 2026 • Net revenue of $ 619.6 million increased 8.8 % from $ 569.5 million in the second quarter of fiscal year 2025 driven by new stores and comparable sales growth . • The Company opened 4 new stores and ended the quarter with 218 stores in 27 states . • • • • Comparable sales growth of 2.3 % was driven by higher average order value and conversion , partially offset by lower in - store traffic . The Company received approval for $ 45.1 million in International Emergency Economic Powers Act ( " IEEPA ” ) tariff refunds in the second quarter of fiscal year 2026. Of this amount , the Company recognized $ 37.9 million of tariff refunds in cost of sales related to inventory previously sold , $ 5.7 million as a reduction to inventory on hand , and $ 1.5 million in interest income . At June 28 , 2026 , we had $ 41.9 million in IEEPA tariff refund receivables , which was received subsequent to fiscal quarter end . 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 . Selling , general and administrative expenses ( " SG & A " ) increased 9.3 % to $ 235.0 million in the second quarter of fiscal year 2026 due to payroll - related expenses for new stores , higher occupancy costs associated with new and existing stores and an increase in marketing spend due to greenfield store expansion . SG & A as a percentage of revenue increased slightly to 37.9 % compared to 37.7 % in the prior year period due to incremental marketing , and higher payroll and occupancy costs associated with new stores and greenfield market expansion , substantially offset by efficiencies at existing stores . • Net income of $ 57.8 million compared to $ 35.2 million in the second quarter of fiscal year 2025. Adjusted net income * was $ 27.8 million compared to $ 32.2 million in the second quarter of fiscal year 2025 . • Diluted net income per share of $ 0.43 compared to $ 0.31 in the second quarter of fiscal year 2025. Adjusted diluted net income per share * was $ 0.20 compared to $ 0.29 in the second quarter of fiscal year 2025 . • Adjusted EBITDA * of $ 60.8 million or 9.8 % compared to $ 62.8 million or 11.0 % in the second quarter of fiscal year 2025 . * See Non - GAAP Financial Measures and Reconciliation of GAAP to Non - GAAP Financial Measures below for further information . All Non - GAAP Financial Measure exclude IEEPA tariff refunds , and related interest income as applicable .
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Balance Sheet and Liquidity • Total liquidity of $176.6 million, comprised of cash and cash equivalents of $32.0 million and available borrowing capacity of $144.6 million at June 28, 2026. Subsequent to quarter end, we received $41.9 million in IEEPA tariff refunds further strengthening our liquidity. • Inventories were $345.9 million as of the end of the second quarter of fiscal year 2026, a decrease of 1.3% compared to year end primarily related to $5.7 million in IEEPA tariff refunds recorded as a reduction of inventory in the period. • Net cash provided by operating activities was $93.1 million in the year-to-date period, an increase of $57.0 million compared to the prior year, primarily driven by the timing of payments on inventory purchases. • Investments in capital expenditures, net of tenant allowances of $47.3 million in the year-to-date period was primarily associated with our new store program and early development of a new distribution center in Georgia. Recent Developments 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. Fiscal year 2026 includes 53 weeks. The “53rd week” is expected to deliver $40.0 million in net revenues, $3.5 million in net income and $5.0 million in adjusted EBITDA. Fiscal Year 2026 Net revenues $2,600 to $2,625 million Comparable sales growth 1.5% to 2.5% Net income $152 to $160 million Adjusted EBITDA $255 to $265 million Adjusted net income $121 to $129 million Other estimates: Net capital expenditures $110 to $115 million Pre-opening expenses Approximately $26 million Effective tax rate Approximately 27% New store count Approximately 20 FD shares outstanding Approximately 135 million Comparable sales growth is a key performance indicator that measures performance during the current reporting period against the performance of the comparable store sales and of the eCommerce sales in the corresponding period of the previous fiscal year. Comparable sales growth excludes net sales from the non-comparable 53rd week. See Non-GAAP Financial Measures for definitions of Adjusted EBITDA and Adjusted net income. Net capital expenditures represents capital expenditures net of tenant allowances. FD shares outstanding reflects expected average fully diluted shares outstanding for fiscal year 2026. Conference Call A conference call to discuss fiscal year 2026 second quarter financial results is scheduled for today, August, 6, 2026, at 8:00 a.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 1-877-407-0779 (international callers dial 1-201-389- 0914) approximately 10 minutes prior to the start of the call. The conference call will be webcast and once available, a recorded replay can be accessed online at ir.mybobs.com for six months. About Bob’s Discount Furniture Bob’s Discount Furniture is a high-growth, national omnichannel retailer of value home furnishings with 218 showrooms as of June 28, 2026 across 27 U.S. states. Since our founding in 1991, we have built our ethos as a trusted and reliable brand offering superior value and service, without compromising on quality or style. Our business model is anchored in delivering furniture at “Everyday Low Prices,” and at the heart of Bob’s success is not just the value of our furniture, but the team members who bring our promise to life every day. From showroom to living room, it’s our people who make Bob’s feel like home. Our belief that everyone deserves a home they love is reflected in how we operate daily and the appreciation we have for our people and communities. From our in-store guest experience specialists who create a no-pressure, no-gimmicks shopping experience, to our distribution and logistics teams who enable fast, reliable fulfillment, Bob’s is built on the dedication of over 6,100 team members nationwide. For more information, please visit www.mybobs.com. (1) (2) (2) (3) (4) (1) (2) (3) (4)
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Contacts Investor Relations Contact: Edward Plank, Vice President, Investor Relations & Strategy IR@mybobs.com Media Contact: BobsPR@icrinc.com Non-GAAP Financial Measures In addition to the results provided in accordance with U.S. GAAP, this earnings release and related tables include adjusted gross profit, adjusted gross margin adjusted net income, adjusted EBITDA, and adjusted diluted net income per share, which present operating results on an adjusted basis. We define adjusted gross profit as gross profit adjusted to eliminate the impact of certain items that we do not consider indicative of our core operating performance and adjusted gross margin as adjusted gross profit as a percentage of net sales. We define adjusted net income as net income adjusted to eliminate the impact of certain items that we do not consider indicative of our core operating performance and the tax effect related to those items. We define adjusted diluted net income per share as adjusted net income divided by weighted average shares outstanding. We define adjusted EBITDA as net income before interest expense, interest income, income tax expense/(benefit), and depreciation and amortization, adjusted for items that are not indicative of the operating performance of the business. We believe that excluding certain items from our GAAP results allows management to better understand our financial performance from period to period. Moreover, we believe these non-GAAP financial measures provide our stakeholders with useful information to help them evaluate our operating results by facilitating an enhanced understanding of our operating performance and enabling them to make more meaningful period-to-period comparisons. We use these non-GAAP measures to evaluate the effectiveness of our business strategies, to make budgeting decisions, to evaluate our performance in connection with compensation decisions and to compare our performance against that of peer companies using similar measures. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. These non-U.S. GAAP measures are not a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company. These measures should only be read together with the corresponding U.S. GAAP measures. Please refer to the reconciliations of adjusted gross profit to gross profit, adjusted net income and adjusted EBITDA to net income and adjusted diluted net income per share to diluted net income per share, the most directly comparable financial measures prepared in accordance with U.S. GAAP, below. Forward-Looking Statements Certain statements contained herein, including statements under the headings “Recent Developments”, are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements can generally be identified by words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “contemplate” and other similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements concerning: our expected financial operating results for fiscal year 2026; plans to open new stores, expand into new regions and increase market share; and plans to increase brand awareness and increase comparable sales. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, factors and assumptions described in “Risk Factors” in our Annual Report on Form 10-K, including those relating to, among other things: • our reliance on foreign manufacturing, suppliers and imports for our products; • the significant competition within our industry; • our ability to successfully anticipate or respond to changes in consumer preferences;
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• global economic conditions and the effect of economic pressures and other business factors on discretionary consumer spending; • the impact of current and future tariffs on our business; • managing the challenges associated with our planned new store growth; • failures by our third-party suppliers or the unavailability of suitable suppliers at reasonable prices; • failures of our vendors to meet our quality standards or applicable regulatory frameworks; • disruption in our distribution capabilities or supply chain; • our ability to protect our intellectual property rights; • compliance with applicable governmental regulations; • our ability to protect the privacy and security of information related to our customers, us, our employees or others; • disruption in our information systems; and • our ability to effectively manage our eCommerce platform and digital marketing efforts. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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Bob’s Discount Furniture, Inc. Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands, except share and per share amounts) June 28, 2026 December 28, 2025 Assets Current assets Cash and cash equivalents $ 32,022 $ 53,202 Restricted cash 10,175 9,412 Accounts receivable 27,065 17,590 Inventories 345,853 350,284 Tariff refunds receivable 41,908 — Prepaids and other current assets 47,974 40,871 Total current assets 504,997 471,359 Property and equipment, net 386,867 328,827 Operating lease right-of-use assets 661,362 641,529 Intangible assets 179,100 179,100 Goodwill 181,699 181,699 Deferred offering costs — 3,981 Other assets 9,592 5,260 Total assets $ 1,923,617 $ 1,811,755 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 279,131 $ 260,610 Self-insurance reserves 30,061 27,959 Accrued expenses 52,947 66,211 Customer deposits 80,387 70,740 Current portion of Term Loan — 1,750 Finance lease liabilities, current portion 14,158 15,201 Operating lease liabilities, current portion 106,446 100,563 Total current liabilities 563,130 543,034 Term Loan — 337,430 Finance lease liabilities, noncurrent portion 72,043 44,254 Operating lease liabilities, noncurrent portion 701,052 678,800 Deferred income taxes 46,774 43,306 Other long-term liabilities 9,446 1,011 Total long-term liabilities 829,315 1,104,801 Total liabilities 1,392,445 1,647,835 Commitments and Contingencies Stockholders' Equity Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding at June 28, 2026; $0.01 par value, 50,000 shares authorized, no shares issued or outstanding at December 28, 2025— — Common stock, $0.0001 par value, 445,000,000 shares authorized, 130,685,807 shares issued and outstanding at June 28, 2026; $0.0001 par value, 300,000,000 shares authorized, 119,777,765 shares issued and 110,530,029 outstanding at December 28, 2025 13 11 Additional paid-in capital 439,441 199,796 Treasury stock shares, at cost, — and 9,247,736 shares at June 28, 2026 and December 28, 2025, respectively — (67,336) Retained earnings 91,718 31,449 Total stockholders' equity 531,172 163,920 Total liabilities and stockholders' equity $ 1,923,617 $ 1,811,755
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Bob's Discount Furniture, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited, amounts in thousands, except per share amounts) Three-Month Fiscal Period Ended June 28, 2026 June 29, 2025 Increase (Decrease) Amount % of Net Revenues Amount % of Net Revenues Amount % Net revenues $ 619,570 100.0 % $ 569,529 100.0 % $ 50,041 8.8 % Cost of sales 300,509 48.5 % 305,188 53.6 % (4,679) (1.5)% Gross profit 319,061 51.5 % 264,341 46.4 % 54,720 20.7 % Selling, general, and administrative 234,993 37.9 % 214,961 37.7 % 20,032 9.3 % Pre-opening expenses 5,533 0.9 % 5,384 1.0 % 149 2.8 % Net loss (gain) on disposal of fixed assets 44 — % (157) — % 201 NM Insurance recoveries — — % (4,497) (0.8)% (4,497) (100.0)% Total operating expenses 240,570 38.8 % 215,691 37.9 % 24,879 11.5 % Operating income 78,491 12.7 % 48,650 8.5 % 29,841 61.3 % Interest expense 1,888 0.3 % 1,221 0.2 % 667 54.6 % Interest income (1,616) (0.2)% (263) (0.1)% 1,353 NM Other income, net (1,331) (0.2)% (49) — % 1,282 NM Total other (income) expense, net (1,059) (0.1)% 909 0.1 % (1,968) NM Income before taxes 79,550 12.8 % 47,741 8.4 % 31,809 66.6 % Income tax expense 21,753 3.5 % 12,531 2.2 % 9,222 73.6 % Net income and comprehensive income$ 57,797 9.3 % $ 35,210 6.2 % 22,587 64.1 % Basic net income per share $ 0.44 $ 0.32 Diluted net income per share $ 0.43 $ 0.31 NM refers to a value that is not meaningful. (1) (1)
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Bob's Discount Furniture, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited, amounts in thousands, except per share amounts) Six-Month Fiscal Period Ended June 28, 2026 June 29, 2025 Increase (Decrease) Amount % of Net Revenues Amount % of Net Revenues Amount % Net revenues $ 1,197,666 100.0 % $ 1,102,293 100.0 % $ 95,373 8.7 % Cost of sales 622,095 51.9 % 601,309 54.6 % 20,786 3.5 % Gross profit 575,571 48.1 % 500,984 45.4 % 74,587 14.9 % Selling, general, and administrative 470,140 39.3 % 430,606 39.1 % 39,534 9.2 % Pre-opening expenses 10,273 0.9 % 8,369 0.7 % 1,904 22.8 % Net loss (gain) on disposal of fixed assets 44 — % (136) — % 180 NM Restructuring charges — — % 292 — % (292) (100.0)% Insurance recoveries (667) (0.1)% (4,497) (0.4)% (3,830) (85.2)% Total operating expenses 479,790 40.1 % 434,634 39.4 % 45,156 10.4 % Operating income 95,781 8.0 % 66,350 6.0 % 29,431 44.4 % Interest expense 17,192 1.4 % 2,124 0.2 % 15,068 NM Interest income (1,813) (0.1)% (663) (0.1)% 1,150 NM Other income, net (1,331) (0.1)% (623) — % 708 NM Total other (income) expense, net 14,048 1.2 % 838 0.1 % 13,210 NM Income before taxes 81,733 6.8 % 65,512 5.9 % 16,221 24.8 % Income tax expense 21,419 1.8 % 17,157 1.5 % 4,262 24.8 % Net income and comprehensive income$ 60,314 5.0 % $ 48,355 4.4 % 11,959 24.7 % Basic net income per share $ 0.48 $ 0.44 Diluted net income per share $ 0.46 $ 0.43 NM refers to a value that is not meaningful. (1) (1)
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Bob's Discount Furniture, Inc. Consolidated Statements of Cash Flows (Unaudited, amounts in thousands) Six-Month Fiscal Period Ended June 28, 2026 June 29, 2025 Cash flows from operating activities Net income $ 60,314 $ 48,355 Adjustments to reconcile net income to net cash provided by operating activities Stock-based compensation expense 1,554 1,822 Transaction losses 1,321 1,443 Depreciation and amortization 38,297 34,065 Non-cash interest expense 10,880 44 Loss (gain) on disposal of fixed assets 44 (136) Non-cash lease costs 36,358 37,111 Deferred income taxes 3,469 (823) Change in reserve for product warranties (200) 650 Changes in operating assets and liabilities Accounts receivable (10,796) (2,227) Inventories 4,431 (14,803) Tariff refunds receivable (41,908) — Prepaids and other current assets (7,103) (3,313) Other assets (4,392) 27 Accounts payable 21,814 (41,820) Accrued expenses (10,893) (7,225) Customer deposits 9,647 7,280 Operating leases (28,056) (24,285) Other long-term liabilities 8,365 — Net cash provided by operating activities 93,146 36,165 Cash flows from investing activities Purchase of property and equipment (59,904) (37,979) Net cash used in investing activities (59,904) (37,979) Cash flows from financing activities Principal payments on Term Loan (350,000) — Proceeds from Line of Credit 122,000 3,000 Principal payments on Line of Credit (122,000) (3,000) Principal payments on financing lease obligations (10,551) (5,487) Net proceeds related to exercise of employee stock options 1,304 1,419 Payments for the acquisition of treasury stock (50) (709) Proceeds from issuance of common stock, net of underwriter discounts 310,915 — Payments for fractional shares (45) — Payments of initial public offering costs (5,232) — Net cash used in financing activities (53,659) (4,777) Net decrease in cash, cash equivalents, and restricted cash (20,417) (6,591) Cash, cash equivalents, and restricted cash beginning of period 62,614 80,558 Cash, cash equivalents, and restricted cash end of period $ 42,197 $ 73,967 Supplemental disclosure of cash flow data Cash paid for interest $ 4,741 $ 1,155 Supplemental disclosure of noncash investing and financing activities Assets acquired under financing leases $ 37,133 $ 22,441 Purchase of property and equipment included in accounts payable 18,404 8,966 Employees cashless exercising of stock options 19 1,964
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Bob's Discount Furniture, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, amounts in thousands, except per share amounts) Three-Month Fiscal Period Ended Six-Month Fiscal Period Ended June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Net revenues $ 619,570 $ 569,529 $ 1,197,666 $ 1,102,293 Adjusted gross profit and margin Gross profit $ 319,061 $ 264,341 $ 575,571 $ 500,984 Gross margin 51.5 % 46.4 % 48.1 % 45.4 % IEEPA tariff refunds in cost of sales (37,863) — (37,863) — Adjusted gross profit $ 281,198 $ 264,341 $ 537,708 $ 500,984 Adjusted gross margin 45.4 % 46.4 % 44.9 % 45.4 % Represents the IEEPA tariff refunds recognized in the three and six-month fiscal periods ended June 28, 2026. Three-Month Fiscal Period Ended Six-Month Fiscal Period Ended June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Net revenues $ 619,570 $ 569,529 $ 1,197,666 $ 1,102,293 Adjusted net income Net income $ 57,797 $ 35,210 $ 60,314 $ 48,355 Restructuring charges — — — 292 Insurance recoveries — (4,497) (667) (4,497) Net loss (gain) on disposal of fixed assets 44 (157) 44 (136) IEEPA tariff refunds and related interest income (39,373) — (39,373) — Debt issuance costs acceleration — — 10,720 — Management fee — 500 2,000 1,016 Contract termination benefit (732) — (1,923) — Other (income) expenses, net (1,031) 51 (199) 554 Tax effect of adjustments 11,094 1,100 7,937 702 Adjusted net income $ 27,799 $ 32,207 $ 38,853 $ 46,286 Adjusted net income as % of net revenue 4.5 % 5.7 % 3.2 % 4.2 % Adjusted EBITDA Net income $ 57,797 $ 35,210 $ 60,314 $ 48,355 Interest expense 1,888 1,221 17,192 2,124 Interest income (1,616) (263) (1,813) (663) Income tax expense 21,753 12,531 21,419 17,157 Depreciation and amortization 19,682 17,307 38,297 34,065 Stock-based compensation expense 839 931 1,554 1,822 Restructuring charges — — — 292 Insurance recoveries — (4,497) (667) (4,497) Net loss (gain) on disposal of fixed assets 44 (157) 44 (136) IEEPA tariff refunds (37,863) — (37,863) — Management fee — 500 2,000 1,016 Contract termination benefit (732) — (1,923) — Other (income) expenses, net (1,031) 51 (199) 554 Adjusted EBITDA $ 60,761 $ 62,834 $ 98,355 $ 100,089 Adjusted EBITDA as % of revenue 9.8 % 11.0 % 8.2 % 9.1 % Represents the IEEPA tariff refunds and $1.5 million in related interest income recognized in the three and six-month fiscal periods ended June 28, 2026. (1) (1) (1) (2) (3) (4) (5) (6) (3) (4) (5) (1)
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Bob's Discount Furniture, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, amounts in thousands, except per share amounts) Represents the acceleration of debt issuance costs in connection with the repayment of the Term Loan in the six-month fiscal period ended June 28, 2026. Represents management fees paid in accordance with our Advisory Agreement with our controlling stockholder, which terminated in connection with our initial public offering (“IPO”). Activity for the six-month fiscal period ended June 28, 2026 reflects a termination fee of $2.0 million associated with the Advisory Agreement. Represents the acceleration of a bonus from our financing partner due to the termination of the agreement. Other (income) expenses. net represents income and costs that are not indicative of ongoing business operations and performance, including, but not limited to, third-party professional fees related to our IPO, litigation matters outside the ordinary course of business, bankruptcy settlements and senior termination benefits. Represents the IEEPA tariff refunds excluding interest income recognized in the three and six-month fiscal periods ended June 28, 2026. Three-Month Fiscal Period Ended Six-Month Fiscal Period Ended June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Adjusted diluted net income per share Diluted net income per share $ 0.43 $ 0.31 $ 0.46 $ 0.43 Restructuring charges — — — — Insurance recoveries — (0.04) (0.01) (0.04) Net loss (gain) on disposal of fixed assets — — — — IEEPA tariff refunds and related interest income (0.29) — (0.30) — Debt issuance costs acceleration — — 0.08 — Management fee — 0.01 0.02 0.01 Contract termination benefit (0.01) — (0.02) — Other (income) expenses, net (0.01) — — — Tax effect of adjustments 0.08 0.01 0.06 0.01 Adjusted diluted net income per share $ 0.20 $ 0.29 $ 0.29 $ 0.41 Diluted weighted average shares outstanding 135,640,953 112,763,460 131,874,659 112,684,120 Represents the IEEPA tariff refunds and related interest income recognized in the three and six-month fiscal periods ended June 28, 2026. Represents the acceleration of debt issuance costs in connection with the pay down of the Term Loan in the six-month fiscal period ended June 28, 2026. Represents management fees paid in accordance with our Advisory Agreement with our controlling stockholder, which terminated in connection with the consummation of our proposed IPO. See "Certain Relationships and Related Party Transactions - Advisory Agreement." Activity for the six-month fiscal period ended June 28, 2026 reflects the per share impact of a termination fee of $2.0 million associated with the Advisory Agreement. Represents the acceleration of a bonus from our financing partner due to the termination of the agreement. Other (income) expenses, net represents income and costs that are not indicative of ongoing business operations and performance, including, but not limited to, third-party professional fees related our initial public offering, litigation matters outside the normal course of business, bankruptcy settlements, and senior termination benefits. (2) (3) (4) (5) (6) (1) (2) (3) (4) (5) (1) (2) (3) (4) (5)