Perfect Moment, the London-based luxury skiwear maker, reported sales rose 24 percent in the fiscal second quarter ended September 30, to $4.8 million from $3.8 million a year ago. Adjusted EBITDA loss shrank to $800,000 from a loss of $2.0 million.
Gross margin improved to 60.1 percent, up from 54.0 percent in Q2 FY25. Total operating expenses decreased 14 percent to $4.0 million compared to $4.6 million a year ago. The operating loss was reduced to $1.1 million, down from a loss of $2.6 million the previous year.
“Our second quarter marks another step forward on our path to profitability through more efficient execution,” said Jane Gottschalk, co-founder, creative director and president of Perfect Moment. “We delivered strong top-line growth, expanded margins, and significantly improved operating performance – all while strengthening the global reach and desirability of the Perfect Moment brand. We are entering the key winter season with strong momentum, a disciplined balance sheet, and a sharper operating model designed for sustainable growth.”
Chath Weerasinghe, chief financial and operating officer of Perfect Moment, commented: “We’ve demonstrated clear operating leverage on higher revenues. Our over 600-basis-point gross margin improvement, coupled with reduced overhead and the introduction of an agile supply chain model, reflects the success of our financial restructuring and cost realignment efforts, despite market headwinds. We are executing with discipline and continuing to invest in initiatives that strengthen long-term brand value and scalability.”
Image courtesy Perfect Moment
