SPAR Group (SGRP) Q2 FY26 earnings call

SPAR Group achieved a significant milestone in Q2 FY26, returning to profitability for the first time since Q1 FY25, driven by a strategic shift towards higher-margin merchandising services and improved operational discipline. Despite a decline in overall net revenues due to reduced remodel activity, the company reported strong adjusted EBITDA growth and stable gross margins. Management is focused on building a leaner organization, enhancing technology through a partnership with Repositrak, and improving long-term shareholder value, while navigating the recent NASDAQ delisting.