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Achieved seven consecutive quarters of positive cash from operations, signaling a successful transition from business stabilization to a foundation for sustainable growth.
Performance was driven largely by Supercuts, which delivered 3% same-store sales growth for the full year, marking its fifth consecutive year of growth.
Management attributed the 7.3% decline in fourth-quarter total revenue to lower non-margin franchise rental income as franchisees transitioned to independent leases.
The decline in franchise salon count was mitigated by the fact that closures were predominantly lower-volume locations with an average unit volume of $136,000, significantly below the top-quartile average.
#year #NVIDIA
Achieved seven consecutive quarters of positive cash from operations, signaling a successful transition from business stabilization to a foundation for sustainable growth.
Performance was driven largely by Supercuts, which delivered 3% same-store sales growth for the full year, marking its fifth consecutive year of growth.
Management attributed the 7.3% decline in fourth-quarter total revenue to lower non-margin franchise rental income as franchisees transitioned to independent leases.
The decline in franchise salon count was mitigated by the fact that closures were predominantly lower-volume locations with an average unit volume of $136,000, significantly below the top-quartile average.
#year #NVIDIA
11 hours ago
