The company said net sales rose 5.0% to $10.18 billion in the Q3 2024 (13-week) period, and same-store sales increased 1.3%. Operating profit for the same quarter fell 25.3% to $323.8 million, and net income was $196.5 million, or $0.89 per diluted share.

10-QQuarterly reportFiled Dec 5, 2024Period of report Nov 1, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net sales rose 5.0% to $10.18 billion in the Q3 2024 (13-week) period, and same-store sales increased 1.3%. Operating profit for the same quarter fell 25.3% to $323.8 million, and net income was $196.5 million, or $0.89 per diluted share.
The company said gross profit as a percentage of net sales for Q3 was 28.8%, 18 basis points below 29.0% a year earlier. It said SG&A as a percentage of net sales was 25.7%, up 111 basis points from 24.5% a year earlier. The company said hurricane-related incremental SG&A expense was $32.7 million in Q3 and that it expects an SG&A impact of about $10 million in Q4.
The company said cash flow from operating activities for the 39-week period in 2024 was $2.195 billion, an increase of $753.1 million from the prior-year period. Over the same 39-week period, it repaid $750.0 million of long-term debt, and it said net interest expense fell $41.3 million to $208.4 million.
The company said it operated 20,523 stores as of November 1, 2024 and plans to open about 730 new stores and remodel about 1,620 stores in fiscal 2024. It also said that, as of the same date, about $1.38 billion remained under its share repurchase authorization, but it did not repurchase shares in 2024 1 through Q3 and does not plan to repurchase shares in Q4.

Key figures

Quarter ended November 1, 2024

Revenue: $10.2B
Operating income: $324M
Net income: $197M
EPS: $0.89
Gross profit: $2.9B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2024 Net Sales, Operating Profit and Net Income

The company said net sales rose 5.0% to $10.18 billion in the Q3 2024 (13-week) period, and same-store sales increased 1.3%. Operating profit for the same quarter fell 25.3% to $323.8 million, and net income was $196.5 million, or $0.89 per diluted share.

Source · Based on the MD&A text of the filing

Gross Margin and SG&A Ratio Changes, Hurricane Costs

The company said gross profit as a percentage of net sales for Q3 was 28.8%, 18 basis points below 29.0% a year earlier. It said SG&A as a percentage of net sales was 25.7%, up 111 basis points from 24.5% a year earlier. The company said hurricane-related incremental SG&A expense was $32.7 million in Q3 and that it expects an SG&A impact of about $10 million in Q4.

Source · Based on the MD&A text of the filing

39-Week Operating Cash Flow, Interest Expense and Debt Repayment

The company said cash flow from operating activities for the 39-week period in 2024 was $2.195 billion, an increase of $753.1 million from the prior-year period. Over the same 39-week period, it repaid $750.0 million of long-term debt, and it said net interest expense fell $41.3 million to $208.4 million.

Source · Based on the MD&A text of the filing

Store Expansion Plans and Share Repurchase Pause

The company said it operated 20,523 stores as of November 1, 2024 and plans to open about 730 new stores and remodel about 1,620 stores in fiscal 2024. It also said that, as of the same date, about $1.38 billion remained under its share repurchase authorization, but it did not repurchase shares in 2024 1 through Q3 and does not plan to repurchase shares in Q4.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.