Net income for Q2 2026 was $44.4 million ($0.87 per diluted share), slightly down from $45 million ($0.89 per share) in Q2 2025, while year-to-date net income rose to $91.3 million from $80.2 million year-over-year.
Net sales for Q2 increased 4.6% year-over-year to $319.8 million; year-to-date net sales rose 5.3% to $608.6 million.
Comparable store sales grew 2.1% for the quarter and 3.5% year-to-date; online sales increased 2.3% for the quarter and 2.5% year-to-date.
Store count at quarter-end was 446, up from 440 a year ago.
Gross margin for Q2 was 47.9%, up 40 basis points year-over-year; merchandise margins improved by 110 basis points, including a 65 basis point benefit from tariff refunds.
Operating margin for Q2 was 17.4%, down from 18.4% in Q2 2025; year-to-date operating margin improved to 19% from 17.3%.
SG&A/operating expenses for Q2 were 30.4% of net sales, up from 29.0% last year, mainly due to higher marketing, labor, and benefits costs; total operating expenses were $97.2 million, up from $88.7 million.
Inventory at quarter-end was $161.4 million, up 13.3% year-over-year; cash and investments totaled $322.9 million.
Cash and cash equivalents at quarter-end were $264.8 million.
Women's business sales grew 9.5% year-over-year, now representing 50% of total sales, driven by strong denim and alternative pants categories.
Men's business was flat year-over-year, with denim sales down 3.5% but offset by growth in tops and shorts.
Kids business increased 11% year-over-year, led by denim, shorts, and tees.
Accessories and footwear sales rose 2.5% and 0.5% respectively; private label accounted for 44.5% of sales, up from 43.5%.
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