Online jewelry firm Mene's Q3 revenue rises on cost savings

Mene

19/11/2025 22:06

Overview

Mene Q3 2025 revenue increases 10% YoY to C$5.9 mln

Net income for Q3 2025 was C$0.1 mln

Gross profit margin remains stable at 30% YoY

Outlook

Mene focuses on sustaining revenue growth in the U.S. market

Company implements targeted ads and live agent program for growth

Mene continues SEO/SEM improvements for better search engine positioning

Result Drivers

SEPTEMBER SALE - Strong response to September sale contributed to 10% revenue increase YoY

AVERAGE ORDER VALUE - Average order value increased by 32% YoY, despite declines in new customer acquisitions and orders

COST SAVINGS - Operational transformation generated over C$410k in cost savings, exceeding yearly target

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$5.90 mln
Q3 Net Income
C$100,000
Q3 Gross Margin
30%
Q3 Gross Profit
C$1.80 mln


Press Release: ID:nBw7SzQFka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)