Adjusted EBITDA Growth
Adjusted EBITDA grew 17% year-over-year, or 20% excluding the sale of the majority stake in Insomnia Cookies, reaching $40.6 million in the third quarter.
International Market Expansion
Organic revenue growth in the International segment increased by 6.2%, driven by growth in Canada, Japan, and Mexico. New markets like Uzbekistan and Brazil are also being targeted for expansion.
U.S. Digital Sales Growth
U.S. digital sales increased by 17% year-over-year, now representing more than 20% of U.S. retail sales.
Positive Free Cash Flow
The company generated positive free cash flow of $15.5 million in the third quarter.
Strategic Customer Growth
Approximately 1,000 profitable doors were added year-to-date with strategic partners like Target, Costco, Sam's Club, Kroger, and Publix, delivering weekly sales above system average.