SPAR Group swings to Q3 net income of $50,000
SGRP•SPAR Group reported third-quarter FY26 net income of $50,000, its second consecutive profitable quarter, while revenue fell 19% year over year to $33.54 million. It forecast full-year revenue of $125 million to $130 million.
1. Quarterly results
SPAR Group swung to third-quarter FY26 net income of $50,000 from a year-earlier loss. Net revenues fell 19% year over year to $33.54 million, hurt by lower U.S. remodel activity. Selling, general and administrative expenses dropped 39% to $5.61 million, reflecting cost reductions and organizational restructuring.
2. Agreement and outlook
A new three-year services agreement with a national retailer begins in 2027 and covers merchandising, store remodeling and temporary labor. SPAR Group forecast full-year FY26 net revenues of $125 million to $130 million, with some projects shifting into 2027.
