The Brand House Collective (NASDAQ:TBHC) reported another quarter of pressured results as e-commerce declines and margin compression overshadowed gains in store traffic.
Third-quarter fiscal 2025 net sales fell to $103.5 million from $114.4 million a year earlier, the company said, with consolidated comparable sales down 7.4%.
The sharpest drop came online, where e-commerce revenue slid 34.6%, while comparable store sales rose 1.7%.
Gross profit contracted to $21.1 million, or 20.4% of sales, compared with $32.1 million, or 28.1%, in the prior-year period.
Management cited ongoing liquidation efforts and tariff-related costs as key drivers of the margin deterioration.
Adjusted net loss widened to $13.6 million, and adjusted EBITDA came in at a loss of $9.9 million.
The company also continued to pare back inventory, which declined to $88.9 million from $111.2 million a year earlier.
Cash on hand totaled $6.5 million at the end of the quarter, with $61.6 million of debt outstanding.
Elsewhere, liquidity improved as of Dec. 15, with $12.2 million available on the revolver and an additional $20 million in capacity from Beyond.