Overview

• The U.S. beauty services provider's Q1 net revenue grew 4% yr/yr to $6.4 mln

• Gross profit rose 5% yr/yr to $2.7 mln, with margin improving to 42%

• Company raised over $3.5 mln in private placement funding and secured new debt facility

Outlook

• MiniLuxe says it will focus on expanding through operating and franchise partners

• Company plans to accelerate studio-level profitability and strengthen balance sheet

• MiniLuxe continues to progress new locations in Massachusetts and Connecticut via joint ventures

Result Drivers

• STAFFED HOURS & PREMIUM SERVICES - Revenue growth and gross margin improvement driven by increased staffed hours and higher mix of premium services, per company

• COST DISCIPLINE - SG&A expenses declined 3% yr/yr due to cost controls and early AI initiatives, per company

• WEATHER IMPACT - Company said positive same-store sales growth was achieved despite unusually high number of inclement weather closures

Company press release: ID:nGNX8m8Dh5

Key Details

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