00:00It's Benzinga bringing Wall Street to Main Street.
00:02Raw stores reported second quarter earnings of $2.56 per share and revenue of about $627 billion,
00:10beating estimates of $194 and $618 billion respectively, according to Benzinga.
00:16Revenue increased 13% year over year, while comparable store sales rose 10%,
00:21driven primarily by customer traffic. CEO Jim Conroy said growth was supported by new customers
00:27and higher engagement from existing customers. Raw stores raised its full-year earnings guidance
00:33to $8.61 to $8.77 per share from $7.50 to $7.74, above estimates of $7.79.
00:42Raw stores repurchased $319 million of stock in the second quarter and remains on track to buy
00:48back $1.275 billion in fiscal 2026. Shares rose 4.20% in after-hours trading Thursday,
00:55according to Benzinga Pro. For all things money, visit Benzinga.com.
