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PLBY Group's sales grew 9% to $31.7 million last quarter, with profits nearly tripling to $1.9 million.

ResultsRead the original at Benzinga
Good for PLBY

PLBY Group's revenue rose 9% to $31.7 million, operating income nearly tripled to $4 million, and net income reached $1.9 million. It plans to spend about $5 million on a Miami Beach club, but the reported gains across sales and profit measures support a favorable reading.

PLBY · PLBY Group

AI read · Good for PLBY

The AI's read

The gains span sales and both profit measures. The company's adjusted measure of business performance stayed positive for a seventh straight quarter. That measure nearly doubled, and its margin rose from 14% to 25%. PLBY also plans to spend about $5 million on a Miami Beach club, expecting future membership sales to repay it. That recovery is not yet certain, but the reported improvements across the business support a favorable reading.

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