Core & Main, Inc. (NYSE: CNM) announced its financial results for the fourth quarter and fiscal year ended February 1, 2026. The company reported net sales of $1,581 million for the fourth quarter, a decrease of 6.9% compared to the same period last year, primarily due to one less selling week. However, average daily net sales increased by 0.9%. Gross profit margin improved by 50 basis points to 27.1%, and net income rose by 9.0% to $73 million, reflecting strong operational execution despite the sales decline. For the full fiscal year, net sales increased by 2.8% to $7,647 million, driven by a 4.8% increase in average daily net sales. The company also reported a net income of $462 million, up 6.5% from the previous year. Adjusted diluted earnings per share increased by 6.8% to $2.97. Core & Main's CEO, Mark Witkowski, highlighted the company's resilience and strategic initiatives, including investments in technology and expansion into high-growth markets. The company expects net sales for fiscal 2026 to range between $7,800 and $7,900 million, reflecting a growth of 2% to 3%. The outlook assumes stable pricing and continued execution of growth initiatives.

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