** charts before earnings **
** charts after earnings **
- Reports Q3 (Oct) earnings of $0.12 per share, excluding non-recurring items,$0.09 better than the Capital IQ Consensus of $0.03; revenues rose 17.9% year/year to $192.75 mln vs the $185.39 mln Capital IQ Consensus.
- Co issues upside guidance for FY16, sees FY16 revs of $857-861 mln vs. $851.78 mln Capital IQ Consensus Estimate and vs prior guidance of $844-853 mln. Co increases FY16 pro-forma net income guidance to $59.0-60.5 mln from $52.5-55.0 mln previously. FY16 comparable store sales guidance increased to +8.5-9.0% from +6.5-7.5% previously.
- Comparable store sales in Q3 increased +8.8%, inclusive of an estimated negative 110 basis point Halloween calendar shift, and despite lapping an 8.7% gain from the prior year.
- Co says it's "experiencing a phenomenal year of record results and we are very pleased to be increasing our annual guidance for the third consecutive time."
- "Guests continued to respond well to our 'Summer of Games' promotion which concluded in [Q3] with our subsequent football-related promotions along with new food and beverage introductions. Our sales strength during the third quarter was well-represented across categories, operating days, day-parts, and geographies."
- Co is slated to open 8-9 new stores this year, mostly in the large store format, and are projecting 9-10 in 2016 across both store formats.
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