"Net Sales -- $141.6 million, up 1.8%, supported by higher average order value and increased units per transaction. Gross Margin -- 52.3%, a 90 basis point improvement, driven by sourcing initiatives and sell-through of higher-cost inventory. Adjusted EPS -- Loss of $0.02, favorable to last year's loss by $0.04, with adjustments for $1.6 million in restructuring and a $2.4 million one-time sales tax contingency. Adjusted EBITDA -- $10.6 million, 7.5% of net sales, an increase of $2 million, or 23.9%."
"Liquidity -- $210 million total liquidity; ending cash balance of approximately $10 million, and $11 million of debt repaid, resulting in no outstanding debt at quarter's end. Women's Business Growth -- Increased 5.8%, led by a 22% rise in the women's first layer category, and a 20% gain in women's bras. Direct Channel Sales -- Grew 5.6%, reversing from a decline in the prior quarter, with double-digit growth in units per transaction."
Net sales were $141.6 million, up 1.8%, driven by higher average order value and increased units per transaction. Gross margin improved to 52.3%, up 90 basis points, due to sourcing initiatives and sell-through of higher-cost inventory. Adjusted EPS narrowed to a loss of $0.02 after restructuring and a sales tax contingency. Adjusted EBITDA rose to $10.6 million, or 7.5% of net sales. Total liquidity was $210 million with approximately $10 million in cash and no outstanding debt after repaying $11 million. Direct channel sales grew 5.6% while retail store sales declined 4.4%. Mobile accounted for the majority of visits and sales.
Read at The Motley Fool
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