This is a correction, not a fresh operating update. The company reaffirmed its fiscal 2026 outlook and changed only GAAP net income to account properly for taxes tied to a second-quarter tariff refund; every other outlook metric remains unchanged (Management outlook clarification).
The corrected GAAP net income range is $142–150 million. The filing says the earlier same-day update omitted the refund’s related tax impact, so the revised figure reflects the net benefit rather than the gross refund (Management outlook clarification).
| Metric | Fiscal 2026 outlook |
|---|---|
| GAAP net income | $142–150 million (Management outlook clarification) |
Against expectations, the signal is essentially neutral. This filing does not introduce new sales, margin, cash-flow, or store-growth information, and it does not change the broader outlook. It mainly fixes the accounting presentation of an already disclosed tariff-related benefit; the supplied filing does not provide enough information to quantify the difference from the erroneous range or establish a separate published consensus.
Read the original 8-K on SEC EDGAR ↗