SHARPE
Reported results
- GAAP consolidated net sales of $53,973 thousand (reported as $54.0 million) compared to $50,691 thousand in prior year, representing 6.5% growth; bedding segment sales grew 13.2% to $31,750 thousand
- GAAP consolidated gross profit of $15,378 thousand or 28.5% of sales versus $7,228 thousand or 14.3% of sales in prior year; adjusted gross profit (excluding $6,940 thousand tariff refunds) was $8,438 thousand or 15.6% of sales
- GAAP operating income of $6,669 thousand or 12.4% of sales versus $1,617 thousand or 3.2% of sales in prior year; adjusted operating loss of $271 thousand excluding tariff impacts versus adjusted operating loss of $1,891 thousand in prior year
- GAAP net income of $5,981 thousand or $0.47 per diluted share versus net loss of $231 thousand or $(0.02) per diluted share in prior year
- Non-GAAP adjusted EBITDA of $566 thousand versus negative $938 thousand in prior year
- Net debt reduced over 70% to $3,089 thousand at August 2, 2026 from $10,856 thousand at May 3, 2026 (fiscal year end); cash flow from operations increased to $8,102 thousand versus $(695) thousand in prior year
Guidance
- Company expects consistent sequential sales volumes in second quarter with some growth over prior-year quarter and to continue outpacing bedding industry revenue trends
- Company expects break-even operating income for second quarter and accelerating adjusted EBITDA results, representing significant improvement from comparable prior-year period
- Company will continue prioritizing debt reduction and free cash flow generation, expecting to continue improving net debt position throughout second quarter
Notes
The company received $6,940 thousand in tariff refunds from U.S. Customs and Border Protection Agency during the quarter, recorded within cost of sales. Prior-year period included $3,508 thousand restructuring credit, mostly from $4,000 thousand gain on sale of Quebec manufacturing facility. Adjusted EBITDA presentation was modified beginning in Q1 FY2027 to exclude non-cash foreign currency exchange losses.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.