By Arasu Kannagi Basil
Jan 9 (Reuters) – Bob’s Discount Furniture recorded a 20% revenue jump and about a 64% net income increase in the first nine months of fiscal 2025, the Bain Capital-backed furniture store chain said on Friday in its paperwork for a U.S. initial public offering.
The company reported a net income of $80.7 million on revenue of $1.72 billion in the nine months ended September 28, compared with net income of $49.3 million on revenue of $1.43 billion a year earlier.
IPO activity among consumer-focused companies has remained subdued over the past year, dampened by tariff uncertainties and mounting strain on lower-income households.
“Tariff exposure is definitely a factor investors are looking at when it comes to IPOs,” said Nicholas Einhorn, director of research at Renaissance Capital, a provider of IPO-focused research and ETFs.
“2025 was not a very active year for IPOs in the consumer sector…and that dynamic may continue into 2026.”
Founded by Bob Kaufman and Gene Rosenberg, the company started its journey as a small store in Connecticut in 1991 and has since grown into a coast-to-coast brand with more than 200 locations across the country.
The company, acquired by Bain Capital in 2014, provides a variety of furnishings, including for living rooms, bedrooms, mattresses, dining rooms, occasional tables, lamps and outdoors. It plans to expand to more than 500 stores by 2035.
Bob’s flagged tariff exposure in its filing, saying it sources most of its products from overseas suppliers, with Vietnam accounting for nearly 63% of product cost volume.
While inflation and tariffs have pressured the home furnishings industry, Bob’s has shown resilience and delivered 10.5% comparable sales growth in the nine months ended September 28, driven by strength in its retail channel.
The company will list on the NYSE under the symbol “BOBS”. J.P. Morgan and Morgan Stanley are the lead underwriters for the offering.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore)
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