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SGRP-News
SGRP-Events
SPAR Group Sees FY26 Gross Margins of 20.5%-22.5%
Sees FY26 gross margins 20.5%-22.5%. William Linnane, president and CEO of Spar Group, commented, "Today, we are issuing our fiscal year 2026 financial guidance. Our business pipeline is strong, with an improved mix weighted toward our higher-margin core merchandising solutions. The contracts we have secured to date in 2026, combined with our pipeline, support expectations for continued revenue growth and gross margin expansion. We expect this favorable shift in service mix-from remodeling toward merchandising-to continue throughout the year. SPAR's deep, long-standing relationships with leading retailers and CPGs position us well to expand wallet share and win new business. While we are monitoring broader market conditions, we believe our client mix leaves us well-positioned for a strong 2026."
ReposiTrak and SPAR Group Announce Strategic Agreement
ReposiTrak (TRAK) and SPAR Group (SGRP) announced a strategic agreement designed specifically to help retailers improve on-shelf availability, reduce store-level labor strain, and ensure that high-velocity products reach the shelf quickly and consistently. Retailers continue to face rising expectations from shoppers while managing tight labor markets, and increasing operational complexity driven by the evolving use of the store for online fulfillment. The new ReposiTrak-SPAR solution directly addresses these pressures by combining: ReposiTrak's proprietary technologies for scan-based trading, perpetual inventory accuracy, out-of-stock detection, and route optimization with SPAR's nationwide, on-demand service workforce capable of executing merchandising tasks in any store, anywhere in the country.
Spar Group Appoints Steven Hennen as CFO
Spar Group appointed Steven Hennen as CFO, effective December 8. Hennen succeeds Antonio Calisto Pato, who served as CFO since February 2023. Calisto Pato will be actively involved in the Q4 and full-year reporting process, and will serve as an advisor to ensure a smooth transition through the filing of the company's 2025 Annual Report. Most recently, Hennen served as President and CFO of Baker & Taylor, a multi hundred-million-dollar annual revenue company, where he managed global finance and operations. His earlier leadership roles included VP of Finance and Accounting and Corporate Controller at Red Ventures. Hennen also held CFO and senior leadership roles for DyStar, L.P./Color Solutions International, Boehme Filatex and Technimark. He began his career with KPMG.
Spar Group announces Q3 adjusted earnings per share of 10 cents, up from 5 cents a year ago.
Reports Q3 revenue $41.416M vs $37.788M last year. William Linnane, President and Chief Executive Officer of SPAR Group, commented, "Although we are very pleased to report topline momentum this quarter, with combined U.S. and Canada net revenues up 28.2% over third quarter last year, we recognize that there is more work ahead to build a structurally leaner and more profitable business. The quarter had a benefit to its growth rate due to the timing of one-off project work. However, overall we do expect the growth of U.S. and Canada net revenue to be higher in second half than in first half of 2025. As we plan for 2026, our strategic imperatives center on driving continued revenue growth-particularly within higher margin merchandising services for retailers and consumer packaged goods clients-reducing senior team leadership costs and management layers, eliminating non-revenue-generating costs, and heightening our focus on cash generation and working capital discipline."
Spar Group names William Linnane as its new CEO
SPAR Group announced the appointment of William Linnane as its CEO. Linnane, who has served as President and Interim CEO since earlier this year, assumes the permanent CEO role, effective immediately. In conjunction with the appointment, Linnane also joins the Company's Board of Directors.
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