Clear Eyes Q3 Revenue at $283.4M, Below Consensus
Reports Q3 revenue $283.4M, consensus $286.52M. "We exceeded our third quarter revenue outlook and delivered solid profitability in the quarter, which reflected the benefits of our diverse business model and strong financial profile. We are pleased with these results, especially when navigating the challenging consumer backdrop we've experienced year-to-date. As expected, we continued to make progress toward improving Clear Eyes supply, increasing sales sequentially and closing on the acquisition of Pillar5 in December. Furthermore, our superior free cash flow and low leverage allowed us to repurchase approximately 0.8 million shares in the third quarter to further enhance shareholder value," said Ron Lombardi, CEO.
