Significant EBITDA Growth
Adjusted EBITDA grew 33% year-over-year, and operating income grew by 23%. Both reported and adjusted earnings per share shifted from negative to positive.
Positive Cash Flow
Generated more than $6 million in cash from operations, marking the second consecutive quarter of positive cash flow for the first time since fiscal 2018.
Strategic Acquisition Integration
The acquisition of Alline Salon Group expanded cash generation levers and contributed positively to results immediately upon closing.
Supercuts Brand Performance
Supercuts same-store sales increased by 1.1% for the third quarter, contributing to an overall healthier business mix.
Operational Improvements
Implemented a new pay plan and service menu pricing structure aimed at improving stylist incentives and overall profitability.