Financial Health And BuybackA new buyback authorization worth close to 2.5% of market cap supports forward earnings.
Store Growth PotentialNew stores are performing in line with expectations and delivering strong unit economics, reinforcing management’s confidence in the long-term store growth opportunity and its 20% store-level contribution margin target.
U.S. Sales PerformanceU.S. performance remains a standout, with comparable store sales up 7.1% y/y, driven by both higher transactions and average basket size, largely from a mature store base.