#gross-margin

#gross-margin

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%.

Third-quarter earnings at Tesla fell to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the fourth quarter in a row that profit dropped. Excluding certain charges, earning were 50 cents per share, down from 72 cents per share a year ago and below the 56 cents forecast by Wall Street analysts.

Nike yesterday revealed that it expects $1.5 billion in gross incremental costs, on an annualized basis, because of tariffs. That's a 50% increase from Nike's last estimate, provided in June, of $1 billion. Meanwhile, Nike's gross margin for its first fiscal quarter of 2026 decreased 320 basis points, in part due to "increased product costs, including new tariffs, and channel mix headwinds," EVP and CFO Matthew Friend said on a call with analysts.