Bob’s Discount Furniture Posts 10% Revenue Rise in Third Quarter

Bob’s Discount Furniture reported third-quarter revenue of $680.4 million, up 10% from a year earlier, while net income increased to $41.7 million. The retailer also reaffirmed its full-year revenue forecast, even as its shares fell 15% in premarket trading.

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Bob’s Discount Furniture Posts 10% Revenue Rise in Third Quarter

Earnings were 31 cents a share, compared with 29 cents a share and net income of $32.3 million in the year-earlier quarter.

President and Chief Executive Bill Barton said the company was particularly pleased with the performance of its newest stores, including its entry into the Nashville market. He said Bob’s remained confident it could grow profitably while reaching new customers and markets.

The company maintained its revenue forecast of $2.6 billion to $2.625 billion. It is targeting 2026 net income of $145 million to $153 million. Bob’s shares fell 15% to $15.60 in premarket trading.

Bob’s Discount Furniture Posts 10% Revenue Rise in Third Quarter

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