American firm for personalised clothes Sew Repair Inc has projected internet income between $311 million and $316 million within the third quarter (Q3) of fiscal 2025 (FY25), ending Might 3, 2025, reflecting a year-on-year (YoY) decline of three.6 per cent to 2.1 per cent. Adjusted EBITDA is predicted to vary from $7 million to $10 million, with a margin of two.3 per cent to three.2 per cent.
For full FY25 ending closest to July 31, 2025, the corporate anticipates internet income between $1.225 billion and $1.240 billion, marking a YoY decline of 8.4 per cent to 7.3 per cent, or 6.9 per cent to five.8 per cent when adjusted for the additional week in fiscal 2024.
Sew Repair Inc has projected internet income of $311–$316 million in Q3 FY25, a YoY decline of three.6–2.1 per cent, with adjusted EBITDA of $7–$10 million.
FY25 income is predicted at $1.225–$1.240 billion, down 8.4–7.3 per cent YoY.
In Q2 FY25, income fell 5.5 per cent to $312.1 million, with a $6.6 million internet loss.
CEO Matt Baer highlighted progress in transformation and shopper expertise.
Adjusted EBITDA for the yr is forecast between $40 million and $47 million, with a margin of three.3 per cent to three.8 per cent. The gross margin for each Q3 and FY25 is predicted to stay between 44 per cent and 45 per cent, whereas promoting bills for the complete fiscal are projected to be on the larger finish of the beforehand said 8 per cent to 9 per cent vary.
Monetary overview of second quarter (Q2) FY25
The corporate reported internet income of $312.1 million in Q2 FY25 ended February 1, 2025, reflecting a 5.5 per cent YoY decline. Gross margin improved by 110 foundation factors (bps) to 44.5 per cent, pushed by larger common order values and improved product margins.
The corporate reported a internet lack of $6.6 million, with a diluted loss per share of $0.05 in Q2. Adjusted EBITDA stood at $15.9 million, with an adjusted EBITDA margin of 5.1 per cent, reflecting continued value administration efforts. Internet money utilized in working actions amounted to $16.2 million, whereas free money stream was destructive $19.4 million for the quarter. The corporate ended the quarter with $229.8 million in money, money equivalents, and investments, with no excellent debt.
“Our team delivered another strong quarter, once again exceeding our expectations as we further advanced our transformation strategy,” stated Matt Baer, chief govt officer (CEO) at Sew Repair. “Our purchasers are responding to the enhancements we’ve made to our expertise, together with the elevated newness in our assortment, expanded repair flexibility, and investments in stronger client-stylist relationships. We’re inspired by our progress and stay centered on efficiently executing our technique so we are able to realise our imaginative and prescient to be essentially the most client-centric and personalised purchasing expertise.
