Revenue Growth in North America
Fiscal 2025 net revenues for the U.S. and Canada totaled $136.1 million, a comparable increase of 3.3% versus 2024. U.S. net revenues grew 3.9% to $122.1 million while Canadian sales were essentially flat at $14.1 million.
Strategic Repositioning and Simplification
Completed divestiture of international joint ventures to focus on the U.S. and Canada, rebuilt leadership team, reduced management layers, and rightsized cost base to create a leaner, scalable organization aligned to core merchandising and on-demand services.
Partnership with ReposiTrak and On-Demand Merchandising
Announced a strategic, live partnership with ReposiTrak to combine out-of-stock detection, route optimization and SPAR's surge/on-demand merchandising capability — creating a data-driven 'signal to fix' closed-loop retail execution model that is being marketed to customers now.
Technology and Platform Investments
Invested in cloud/ERP (Workday stabilized), workforce management, SPARview mobile-first data platform and AI tooling for issue detection and prioritization — positioning the company to convert signals into measurable in-store outcomes.
Fiscal 2026 Financial Guidance
Management guided fiscal 2026 revenue to $143 million–$151 million (implying roughly +5% to +11% vs $136.1M in 2025) and forecast gross margins improving to 20.5%–22.5% (up from 15.9% in 2025, an expected improvement of ~4.6–6.6 percentage points).
Planned SG&A Run-Rate Reduction
Reported 2025 SG&A of $32.2 million (23.7% of revenues) included ~ $7.0 million of one-time items; management expects normalized annual SG&A run rate of approximately $25.5M–$26.5M excluding unusual items.