Strong Performance in Australia
Sales in the Australia region increased by 5.1% to $46 million, marking the third consecutive quarter of positive comps. This growth was not impacted by supply chain changes.
Princess Polly's Retail Expansion
Princess Polly opened its 11th store at The Westchester Mall and its 12th store in Long Island, New York. The brand also plans to open its first store in Australia and expects 8 to 10 additional stores in 2026.
Improvement in Gross Margin
Gross margin increased by 110 basis points to 59.1%, driven by a higher mix of in-store sales and less promotional activity.
Adjusted EBITDA Growth
Adjusted EBITDA reached $7 million for the quarter, contributing to a year-to-date total of more than $17 million.
Successful Debt Refinancing
The company successfully refinanced its credit facility, extending the maturity by 2 years with favorable terms.