Boyd Group's third-quarter sales rose 28% year over year to $1.01 billion, slightly below the $1.02 billion consensus, while adjusted EPS fell 18% to $0.68 and missed the $0.85 estimate.
Boyd Group reported third-quarter sales of $1.01 billion, up 28% year over year and slightly below analyst expectations. Adjusted EPS declined 18% to $0.68, missing the $0.85 consensus. Adjusted EBITDA was $132.12 million, and adjusted net income was $18.99 million.
Revenue growth included a $206 million contribution from 342 new locations and 2.2% same-store sales growth. Margin expansion reflected Project 360 cost savings and Joe Hudson's acquisition synergies, alongside higher paint, sublet, scanning and calibration margins; lower labour and parts margins partly offset those gains. The company reported $50 million in year-to-date savings and expects Project 360 and synergies to deliver $65 million in savings in 2026. Boyd expects to open 11 start-up locations in the fourth quarter of 2026 and said same-store sales growth remained positive in October 2026.
