Consolidated Same-Store Sales Increase
Consolidated same-store sales increased by 0.9% for the quarter, driven by pricing actions and improved salon execution.
Adjusted EBITDA Improvement
Adjusted EBITDA for the first fiscal quarter was $8 million, up from $7.6 million a year ago, marking a $400,000 improvement.
Positive Operating Cash Flow
The company generated $2.3 million in positive operating cash flow, a $3.6 million improvement versus the prior year's first quarter.
Supercuts Modernization Progress
Same-store sales for Supercuts were up 2.5% for the first fiscal quarter, with loyalty program participation increasing from 36% to 40%.
Revenue Growth
Total first-quarter revenue was $59 million, an increase of 28% or $12.9 million compared to the prior year, driven by increased revenue from company-owned salons.
Operating Income Increase
GAAP operating income increased by $3.8 million to $5.9 million compared to the previous year.
Income from Continuing Operations
Income from continuing operations was $1.4 million compared to a loss of $1.8 million in the year-ago quarter.
Technology and Digital Acceleration
The company is advancing digital and AI initiatives to enhance marketing efficiency, guest engagement, and operational simplicity.