EarningsBrilliant Earth delivered second-quarter sales and earnings results that exceeded expectations on better-than-expected operating leverage, particularly on marketing.
Industry RecoveryA notable rebound in engagement ring customers is seen as early signs of a recovery in the bridal/engagement industry that should also support the back half.
Revenue GuidanceManagement raised its revenue guide by 1.2%, also ahead of the Street, while reaffirming its prior adjusted EBITDA margin guide.