Ascend Earnings + Call Notes
Brand leader continues retail expansion.
$124.7M Revs; est. $128.5M
$31.1 M AEBITDA; est. $28.5M
$43.6M GP; est. $44.7M
35% GM; est. 34.8%
($0.13) EPS; est. ($0.09)
Delivered Q325 Net Revenue of $124.7M
Achieved Q3025 AEBITDA of $31.1M, representing a 24.9% margin
Focused margin optimization fueled sequential Adj. GM growth of 300bps to 46.4%
Drove strategic market densification with seven new stores added year-to-date.
^ expanding nationwide footprint to 46 locations
Management Commentary
“During the third quarter, we continued to execute on our optimization strategies with discipline, maintaining a sharp focus on cost control and operational efficiency that underpin our long-term strategy.
These priorities have delivered profitability improvements, as reflected in our margin expansion, as we navigate a complex operating environment and focus on rebuilding topline momentum and strengthening operating leverage.
Our market densification strategy continues, with the approval of planned expansion in New Jersey coming to fruition later this month with the opening of our Little Falls partner store.
This key growth milestone positions us for further store development and regional penetration in New Jersey, while our balance sheet and strong store pipeline support additional planned openings in other key markets as we secure necessary regulatory approvals.” Sam Brill, AWH CEO
Call Notes
