Record Adjusted EBITDA
Achieved a record adjusted EBITDA of $258 million, marking the third consecutive year of record performance and a 9% increase compared to the prior year quarter.
Retail Segment Growth
Retail net sales increased over 100 basis points to more than $2.84 billion with positive comparable sales progression, notably in Michigan, which had positive comps in the last two quarters.
Military Sales Growth
Military sales have grown for 12 consecutive quarters, consistently generating accretive results and serving as an avenue for additional organic growth.
Margin Enhancing Initiatives
Margin enhancing initiatives drove approximately $50 million in benefits in 2024, achieving the plan target of $125 million to $150 million a year ahead of schedule.
Strong Liquidity and Cash Generation
Generated $206 million in cash from operating activities, representing a 130% increase compared to fiscal 2023, and maintained strong liquidity of about $300 million.