Sees 2023 adjusted EBITDA approximately $51.5M, or adjusted EBITDA margin of approximately 7.9%. Sees 40 new store openings bringing the total projected store count at year end to approximately 240. "We are pleased with our strong fourth quarter performance, in particular the profitability expansion we were able to achieve with an adjusted EBITDA margin of 2.2% in the first half of 2022 up to 6.9% in the second half despite economic headwinds," said CFO Steve Miller. "Our 2023 outlook reflects our team’s commitment to maintaining discipline across the topline and bottomline while continuing to invest in our omnichannel business model, for example by opening 40 new stores. As we work to capture greater market share while providing vision for all, we’re as committed as ever to delivering value to shareholders."
Published first on TheFly
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