Reports Q3 revenue $295.63M, consensus $297.73M. Q3 EPS included the insurance recovery equivalent to approximately 5c per diluted share. “We had a very solid Q3, highlighted by exceptional gross margin performance that drove an 11% increase in gross profit year-over-year and a 45% increase in Adjusted EBITDA to $25M, our highest ever for a Q3,” said co-founder and co-CEO Mike Karanikolas. “Particularly in the current tariff environment, I am extremely pleased by our nearly 350 basis point increase in gross margin year-over-year that further validates the competitive advantage of our data-driven merchandising and puts us on track to expand our gross margin and Adjusted EBITDA margin in the FY25 for the second straight year.”
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