Net Sales Growth
Net sales increased approximately 9.5% on a constant currency basis to $160.5 million, marking the fifth consecutive quarter of growth. The U.S., the largest and fastest-growing region, delivered net sales growth of 14% in the quarter.
Omnichannel Expansion Success
Princess Polly successfully opened 3 new stores in the second quarter with plans to open 8 to 10 more in 2026. New channels are exceeding expectations, and wholesale partnerships, particularly with Nordstrom, are accelerating brand awareness.
Adjusted EBITDA Achievement
The company delivered $7.5 million of adjusted EBITDA, in line with expectations.
Supply Chain Diversification
The transition to a more diversified supply chain is on schedule, with products already received from new vendors showing promising lead times, quality, and costs.
Strong Brand Performance
Princess Polly and Petal & Pup's debut in Nordstrom's chain-wide locations has been positive, and Princess Polly's TikTok Shop revenue increased by 60% year-over-year.
Debt and Leverage Improvement
Leverage was brought down to 3.5x compared to 5.5x in the same quarter last year.