Shane O'Connor

“With me today is Stephen Sintros, President and Chief Executive Officer. We will review our first quarter results for fiscal year 2026, but first a brief disclaimer.”

“Consolidated revenues in our 2025 were $614,400,000 compared to $639,900,000 a year ago. The 2025 had one less week of operations compared to the prior year due to the timing of our fiscal calendar.”

“In our second quarter of 2025, consolidated revenues were $602.2 million, up 1.9% from $590.7 million a year ago, and consolidated operating income increased to $31.2 million from $27.9 million or 11.7%.”

“In our first quarter of 2025, consolidated revenues were $604.9 million, up 1.9% from $593.5 million a year ago, and consolidated operating income increased by 4.5%.”

“Consolidated revenues in our fourth quarter of 2024 were $639.9 million, an increase of 11.9% from $571.9 million a year ago. As a reminder, the fourth quarter as well as the full fiscal year included an extra week of operations due to the timing of our fiscal calendar.”