Significant EBITDA and Operating Income Growth
Adjusted EBITDA grew 33% and operating income grew by 23% compared to the fiscal third quarter of the previous year. Both reported and adjusted earnings per share shifted from negative to positive.
Positive Cash Flow Generation
Generated more than $6 million in cash from operations, marking the second consecutive quarter of positive cash flow for the first time since the first fiscal quarter in 2018.
Successful Acquisition of Alline Salon Group
The acquisition of Alline Salon Group expanded growth and cash generation levers, contributing positively to results immediately upon closing.
Improvement in Same-Store Sales
Same-store sales in the Alline portfolio improved from a 7.5% decline in January to a 2.7% decline in March, turning positive in April.
Supercuts Brand Performance
Supercuts saw a same-store sales increase of 1.1% for the third quarter, with April showing a further increase of 4.5%.