Brayden Dennis

They also mentioned on the call they have substantial pricing power with their retail.

The retail unit was up 15%, so every unit sold retail on average was up 15% in terms of pricing.

This helped boost both their gross margin and adjusted EBITDA margins.

They opened their first UK store under their Garage brand name.

And they believe that it shows that their brand can be successful internationally, which is kind of funny.

That part is a little bit of a head scratcher.

I know they're trying to sell the business, but it's not because you open one store that it went well that you're going to be successful on the international stage.

But...

I digress.

I just thought it was hilarious that management was like, just, yeah, it's not really a sample size.

Like it's, I mean, one to me is not a sample size.

Get to like 15 or 20 with some good results and then we can start talking.

But they also have, to be fair, stores across 41 US states.

And despite the amazing quarter, it's really, I think the...

2026 guidance that raised some question marks from investors and to be fair as well it is up around i think seven percent today roughly that i'm seeing right now yeah it rebounded quite a bit yeah i mean yeah i mean it's down a lot more rebounding it needs a lot more but

Exactly, but it still rebounded a little bit today.

So comparable store sales in terms of guidance and revenue growth remain unchanged for 2026.

They lowered the guidance of the amount of net new stores they anticipate to open in 2026.

I think that cost...

investors a little bit off guard and they slightly increased their ebitda margin guidance for 2026 but the increase was very small and was essentially just tightening the range and i think it really comes down to this and tell me if you agree or not but it really raises the question about the quarter being a one-off because as amazing as this quarter was you're still looking at comparable sales in their guidance to only increase between 11 and 14 for the years so that remained unchanged so