Margin Pressure And Gross Profit Decline In 2025A weaker gross profit in 2025 despite higher revenue points to margin erosion from pricing, product mix or rising costs. Persistent margin compression would reduce free cash flow and reinvestment capacity, force difficult trade-offs (price increases or cost cuts) and could undermine long-term profitability if structural.
Slowing Revenue Growth To Low Single-digitsRevenue growth decelerated to low single-digits in 2025, suggesting the company faces saturation, competitive pressure or softer demand. Slower top-line growth limits operating leverage benefits in e‑commerce, constrains margin expansion potential, and raises the importance of retention, new channels or product diversification to sustain returns.
Rising Total Debt In 2025 Vs 2024An increase in total debt in 2025 relative to 2024, combined with margin pressure and slowing growth, elevates refinancing and coverage risk. Higher leverage can limit strategic flexibility, raise interest burdens, and force prioritization between servicing debt and investing in growth or compliance over the medium term.