The company generated operating income of US$0.9 million, gross margin of 62.4% and adjusted EBITDA of US$1.4 million.

Gross profit was down by 6% to US$10.9 million while net income for the quarter totalled US$0.6 million.

CEO Janet Carr said: “The weakness in consumer demand that we saw toward the end of Q2 continued into Q3, with retail traffic slowing and some caution among our commercial customers. However, our continued financial discipline allowed us to respond to these conditions to deliver positive operating profit and cash.

“We continued to improve warehouse handling and freight-in and duty costs, helping to reduce cost of sales and boost gross margin, and with slowing retail traffic, we reduced operating expenses in retail labour and corporate expenses.”