Overview
- Third-quarter EPS came in at $0.62, topping estimates, on revenue of $122.7 million that rose 2.7% but missed Wall Street expectations.
- Roughly $4 million in tariffs and related costs hit the quarter, and the CFO expects the elevated impact to continue through the fourth quarter and into next fiscal year.
- Full-year guidance was reaffirmed for mid-to-high-single-digit revenue growth and $62 million to $70 million in pre-tax income, incorporating about $11 million in tariff costs from July through year-end.
- Profitability fell year over year, with pre-tax income at $10.7 million and net income at $8.1 million, and shares dropped about 13% Thursday.
- Retail store sales increased as e-commerce demand declined, inventory rose 17.7% to $83.3 million due to pull-forward actions, and the company added 24 net new locations while continuing share repurchases.