Overview
- Fiscal 2025 revenue reached close to $530 million, up about 7%, with pretax income of $67.2 million after $11 million in tariff costs.
- Management guided to mid-single-digit revenue growth for fiscal 2026, expects roughly flat first-quarter sales, and is planning for about $16 million in tariff impact.
- The company plans at least 50 net new experience locations in 2026, including a next-generation flagship at ICON Park in Orlando.
- Wholesale and international growth accelerated, with Mini Beans surpassing 3 million units, placement in roughly 1,500 Walmart stores, and a partner-led footprint now in 36 countries.
- Executives reported a pronounced e-commerce slowdown linked to Google AI search changes, including a 13.6% Q4 online sales decline, and confirmed COO Chris Hurt will become CEO on June 11, 2026.