Kidpik reports Q3 EPS (24c) vs (32c) last year

Reports Q3 revenue $3.389M vs $3.633M last year. “During the 3rd quarter, we continued to execute our plan to reduce inventory levels while maintaining our gross margin of about 61%. Our 3rd quarter results were, for the most part, consistent with our 2nd quarter earnings,” commented Ezra Dabah, CEO of Kidpik. “We have substantially reduced purchases on new inventory and are focused on increasing sales from our current elevated inventory level, which we believe will support our cash flow needs in the short term. We are also working to increase our proprietary brand sales through our own e-commerce site, and invite you all to visit our newly launched holiday website at shop.kidpik.com,” concluded Dabah.