Overview
- Shares surged in trading after the company topped quarterly sales forecasts, a sharp move for a stock that had fallen about 91% over the past year.
- Q2 revenue reached $184.74 million versus $162.10 million expected, with comparable sales up 6.6% and total customers up 8% year over year.
- Profitability metrics improved as gross margin rose to 28.9% and the adjusted EBITDA loss narrowed to $26.8 million.
- The company maintained its 2026 outlook for $1.1 billion to $1.25 billion in sales and $55 million to $75 million in adjusted EBITDA despite an adjusted loss of $5.36 per share that missed estimates.
- Management credited a March “Price Drop” to everyday value and operational steps such as select store closures and a 20% inventory reduction for reactivating lapsed shoppers, positioning the seasonal pool business for summer demand.