Revenue and Profitability Analysis
- Revenue: $416.7 million, down 12.2% YOY and 14.9% QOQ
- Gross Profit: $202.9 million; Gross Profit Margin: 48.6%, up 330 basis points year-over-year, improving mainly due to a favorable segment mix and lower commodity costs.
- Operating Income: $32.4 million; Operating Income Margin: 7.7%, down from 8.6% YOY, primarily due to increased marketing expenses and operational challenges.
- Net Income: $6.2 million, down 72.5% YOY, translating to an EPS of $0.26; suggests declining profitability amid rising operational costs.
- Cash Flow: Operating Cash Flow of $25.3 million and Free Cash Flow at $16.2 million due to strategic inventory management ahead of peak sales seasons.