Financial PerformanceAscend reported a softer-than-expected quarter, with sequential retail revenue decline and a drop in wholesale profitability pressuring gross margin and operating profit.
GuidanceAHW expects continued retail pressure in IL, MA, and NJ, and has lowered its full-year guidance for revenue, EBITDA, and cash flow.
Operational CostsRising operational costs have put pressure on the company's profit margins.