SPAR Group issues 2026 guidance with revenue growth expectations

SPAR Group, Inc. (NASDAQ: SGRP) issued financial guidance for fiscal year 2026, projecting net sales between $143 million and $151 million compared to $136.1 million in fiscal 2025.

The Charlotte-based merchandising and marketing services company expects gross margins to improve to 20.5% to 22.5% from 15.9% in the prior year. The company projects selling, general and administrative expenses, excluding unusual items, of $25.5 million to $26.5 million, down from $32.2 million in fiscal 2025.

Chief Executive Officer William Linnane said the company expects continued revenue growth and gross margin expansion driven by a shift toward higher-margin merchandising services from remodeling work. SPAR reduced its cost base in the second half of 2025 and is targeting SG&A expenses below $6.5 million per quarter.

The company recently completed a $4.0 million capital raise and announced an on-demand merchandising partnership with ReposiTrak. SPAR provides merchandising, marketing and distribution solutions to retailers and brands in the United States and Canada.

The guidance reflects management's expectations for the business pipeline and contracted work secured to date in 2026, according to the company's statement.

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