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MINILUXE REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER AND YTD Q3 2025
Globenewswire· 2025-11-20 01:43
Core Insights - MiniLuxe Holding Corp. reported continued double-digit system-wide sales growth and 10 consecutive quarters of unit economic improvement [1][6] Financial Performance - For Q3 2025, total revenue reached $7.261 million, reflecting a 7% year-over-year increase, while year-to-date (YTD) revenue was $20.873 million, an 8% increase [5][6] - Gross profit for Q3 2025 was $3.105 million, a 6% increase from the previous year, maintaining a gross margin of 43% [5][6] - Adjusted EBITDA for Q3 2025 was ($912,000), showing a 2% improvement compared to the previous year [5][12] Sales Growth - System-wide sales growth was 11% year-over-year for Q3 2025, totaling $7.6 million, with net revenue growth of 7% to $7.3 million [6] - Year-to-date sales growth also stood at 11%, with system-wide revenue at $21.6 million and net revenue at $20.9 million [6] Unit Economics - The company has seen improvements in unit economics for 10 consecutive quarters, driven by a favorable service mix and labor efficiency [6] - Cash contribution on a 4-wall basis for the full company-owned fleet increased approximately 40% year-over-year [6] Team and Client Metrics - The company reported an 87% year-over-year retention rate of hourly team members, with over 50% of the team having more than 5 years of tenure [6] - MiniLuxe achieved a net promoter score (NPS) of over 85, indicating strong client loyalty, with around 80% of clients being repeat customers [6] Growth Strategy - MiniLuxe's strategy includes strengthening unit economics across its 24 studios and expanding growth through mergers and acquisitions (M&A) and franchise partnerships [4][6] - The company signed a new franchise operating partner for the Connecticut region, covering three new sites, and is actively evaluating M&A opportunities [6]
MINILUXE ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT
Globenewswire· 2025-09-06 00:06
Core Viewpoint - MiniLuxe Holding Corp. plans to issue 345,000 Class A subordinate voting shares at CAD$0.40 per share to settle approximately USD$100,000 in debts owed to Cue Ball Capital, LLC for advisory and consulting services [1][2]. Group 1: Shares for Debt Transaction - The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - All securities issued will have a hold period of four months and one day from the issuance date [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider [3]. - The company will rely on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3]. - The shares issued to related parties do not exceed 25% of the company's market capitalization, allowing for exemption from minority approval [3]. Group 3: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [5]. - The company aims to transform the self-care and nail care industry through better standards, technology, and a focus on healthier products [5]. - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [5].
MiniLuxe Announces Completion of Planned Share Issuance for the Purposes of Acquiring a New Studio Location in Dallas, Texas
Globenewswire· 2025-08-14 11:30
Core Viewpoint - MiniLuxe Holding Corp. is expanding its presence in the Dallas-Fort Worth market through the acquisition of a new studio location, supported by a strategic partnership and the issuance of shares to fund this expansion [1][3][4]. Group 1: Acquisition Details - The company has issued 437,500 Class A subordinate voting shares at a price of USD $0.40 per share to facilitate the acquisition of a new studio location in the Dallas-Fort Worth area [1]. - MiniLuxe's wholly owned subsidiary now holds approximately 66.15% of the issued and outstanding LLC membership interests of the newly formed entity [2]. - The securities issued are subject to a hold period of four months and one day from the date of issuance [2]. Group 2: Strategic Importance - This acquisition enhances MiniLuxe's footprint in a key growth region, indicating a successful strategy of expansion through mergers and acquisitions [3]. - The company aims to accelerate growth through various means, including acquisitions, new company-owned stores, joint ventures, and franchising [3]. Group 3: Partnership and Team - The new location benefits from a strong joint venture partnership with Leslie Concors, who has a successful track record in growing consumer brands [4]. - Kayleigh Se, MiniLuxe's Regional Operating Partner, will also contribute her expertise to the new venture, ensuring continuity and quality in operations [4]. Group 4: Leadership Insights - The CEO of MiniLuxe expressed optimism about the acquisition, highlighting the identification of tier-one conversion opportunities in desirable neighborhoods [5]. - Leslie Concors, a new shareholder and partner, expressed confidence in the potential of the Lakewood location to enhance the MiniLuxe experience [6]. Group 5: Company Overview - MiniLuxe is a lifestyle brand focused on the beauty and self-care industry, providing high-quality nail care and esthetic services [8]. - The company aims to transform the self-care and nail care industry through better standards and technology, while also empowering a diverse workforce [9][10].
MiniLuxe Announces Planned Share Issuance for a New Studio Location Acquisition in the DFW (Dallas Fort Worth) Region
Globenewswire· 2025-08-11 11:15
Core Viewpoint - MiniLuxe Holding Corp. is pursuing a strategy of mergers and acquisitions, focusing on regions where it already has a presence, with a planned issuance of 437,500 subordinate voting shares to facilitate the acquisition of a new studio in the Dallas–Fort Worth market [1][2]. Company Overview - MiniLuxe is a Delaware corporation based in Boston, Massachusetts, operating in the beauty and self-care industry, specializing in high-quality nail care and esthetic services [3]. - The company aims to transform the fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform, enhancing talent and client experiences [3]. Acquisition Strategy - The planned acquisition involves converting an existing salon business to the MiniLuxe brand, which is not considered a material transaction in terms of cash value or size, representing well under 1% of the company's fully diluted share ownership [2]. - This transaction is with a non-related party and requires approval from the TSX Venture Exchange [2]. Business Model and Growth - MiniLuxe is expanding its reach through franchising and acquiring existing nail salons, providing entrepreneurs with opportunities to partner with a recognized brand [4]. - The company has performed over 4 million services since its inception, focusing on professional development and economic mobility for a diverse workforce [4].