Fourth quarter net income was $80.8 million ($1.59 per diluted share), up from $77.2 million ($1.53 per share) year-over-year.
Full-year net income reached $209.7 million ($4.14 per share), compared to $195.5 million ($3.89 per share) in the prior year.
Net sales for the quarter increased 5.3% to $399.1 million; full-year sales grew 6.6% to $1.298 billion.
Comparable store sales rose 3.9% for the quarter and 5.6% for the year; online sales up 6.4% for the quarter and 9.8% for the year.
Gross margin for the year was 49% (gross profit of $635.9 million on $1.298 billion sales); quarterly gross margin was 52.6%, flat year-over-year.
Operating income for the year was $276.1 million, up from $257.8 million; operating margin for the quarter was 25.2% (down slightly from 25.4%).
SG&A expenses were 27.4% of sales for the quarter and 28.8% for the year, with marketing and G&A compensation increases offset by lower incentive accruals.
Inventory at year-end was $139.5 million, up 15.5% year-over-year; cash and investments totaled $306.6 million after $225.1 million in dividends paid.
Plans to open 12-14 new stores and complete 12-14 remodels in fiscal 2026, with at least half of remodels being relocations to outdoor centers.
No future sales or earnings guidance provided.
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