Overview
- Revenue rose 8.3% to about $3.12 billion in Q3 with adjusted EPS of $0.32, as gross margin improved by 50 basis points to 29.8%.
- Adjusted EBITDA increased to $180.9 million, lifting the margin to roughly 5.8% and reflecting continued profitability gains.
- Autoship recurring orders accounted for about 84% of net sales and active customers reached approximately 21.16 million, up around 5% year over year.
- Q4 guidance calls for $3.24 billion to $3.26 billion in sales and $0.24 to $0.27 in adjusted EPS, falling short of some Wall Street estimates and prompting share‑price volatility.
- Full‑year sales guidance inched up to $12.58 billion to $12.60 billion with an expected adjusted EBITDA margin of about 5.6% to 5.7%, as analysts highlight steady share gains but muted category growth.