Strong Comparable Store Sales Growth
The company achieved 7.1% daily average comparable store sales growth in Q4 and 14% on a 2-year basis, marking the 21st consecutive year of positive comparable store sales growth.
Increased Net Income and Earnings
Net income increased by 53% in Q4, and diluted earnings per share grew by 44% for the fiscal year.
Gross Margin Improvement
The gross margin increased by 100 basis points in Q4 and 70 basis points for the full fiscal year.
Expansion and New Store Openings
Opened 4 new stores and relocated or remodeled 4 stores during fiscal 2024, with plans to open 4 to 6 new stores in fiscal 2025.
Increased Dividend Payout
The Board approved a 20% increase in the quarterly cash dividend to $0.12 per common share.