Cash and equivalents totaled $659.6 million, up approximately $68 million from year-end.
Effective tax rate for the quarter was 24.9%, with full year 2025 expected between 26% and 26.5%.
Net cash flows from operations were $143.9 million year-to-date, up from $93 million prior year.
Operating income grew 11.7% to $51.4 million, while adjusted operating income grew 25.4% to $61.5 million compared to prior year.
Operating losses in Corporate and Other improved to $5.2 million from $9.8 million due to prior year acquisition-related expenses.
Revenue for the quarter was $209.6 million, a 26% increase from $166.7 million in the prior year quarter, positively impacted by the St. Augustine acquisition.
Second quarter operating performance exceeded expectations with net income of $41 million or $0.62 per diluted share, and adjusted earnings per diluted share of $0.67.
Segment revenues: CTU $118 million (+4.6%), AIU System $54.7 million (+1.9%), St. Augustine $36.7 million.
Total student enrollment increased 17.4% company-wide, with CTU up 7.4% and AIU System up 7.1%.
Comparable store sales growth was driven by a 1% increase in transactions and a 0.5% increase in average ticket.
Diluted EPS was $0.81, reflecting a 2.8% increase year-over-year.
Gross margin expanded by 31 basis points to 36.9%, supported by disciplined product cost management and everyday low price strategy.
Merchandise inventories increased modestly by 1.5% per store to $3.1 billion to support improved in-stock levels and tariff impacts.
Operating income grew 2.9% to $577.8 million, and net income increased 1.1% to $430 million.
Returned $196 million to shareholders through dividends and share repurchases in the quarter.
Selling, general and administrative expenses increased by 51 basis points to 23.9%, reflecting planned investments and modest deleverage due to comparable sales levels.
Tractor Supply delivered record second quarter results with net sales growing 4.5% to $4.44 billion and comparable store sales increasing 1.5%.
Dafinchi
