Welcome to our dedicated page for Spar Group news (Ticker: SGRP), a resource for investors and traders seeking the latest updates and insights on Spar Group stock.
SPAR Group, Inc. (NASDAQ: SGRP) is a merchandising, marketing and retail services company that reports frequent updates on its operations, strategy and leadership. News coverage for SPAR Group often centers on its work providing merchandising, marketing and distribution solutions to retailers and brands across North America, particularly in the United States and Canada.
Investors and analysts following SGRP news can expect regular announcements related to financial performance, including quarterly results for its North American businesses, commentary on revenue trends, margins and cost structure, and discussions of its efforts to create a leaner, more profitable organization. Earnings releases have highlighted changes in revenue mix, restructuring costs and initiatives to manage selling, general and administrative expenses, as well as liquidity and working capital.
SPAR Group’s news flow also features corporate strategy and capital structure developments. The company has reported divestitures of international joint ventures, a strategic focus on North America, and amendments to its revolving credit facilities in the United States and Canada. These updates provide insight into how SPAR Group is managing its balance sheet, borrowing capacity and financial flexibility.
Leadership and governance changes are another recurring theme in SGRP news. Recent announcements include executive transitions in the Chief Executive Officer role, the appointment of a new Chief Financial Officer, the addition of a Chief Technology Officer, and changes to the Board of Directors and board committee leadership. The company has also reported insider and executive share purchases and investments by outside investor groups.
For readers tracking developments in merchandising and retail services, the SPAR Group news page offers a consolidated view of these financial, strategic and governance updates. Monitoring this feed can help users understand how the company is repositioning its operations, emphasizing technology and analytics, and managing its relationships with retailers, brands and financial partners.
SPAR Group (NASDAQ: SGRP) promoted Jean Richer to Head of North American Sales & Marketing, reporting to CEO William Linnane, to lead commercial growth across the U.S. and Canada and target merchandising and CPG clients using data-enabled solutions.
The company also disclosed recent executive share purchases: CFO Steve Hennen bought 55,000 shares, CTO Josh Jewett bought 125,000 shares, and CEO William Linnane now holds 190,909 shares after acquiring 173,000 shares in November.
The leadership moves and insider purchases are described as aligning management with shareholders to support long-term growth into 2026.
SPAR Group (NASDAQ: SGRP) appointed Steven Hennen as Chief Financial Officer, effective December 8, 2025. Hennen succeeds Antonio Calisto Pato, who will support fourth-quarter and full-year reporting and serve as an advisor through the filing of the 2025 Form 10-K.
Hennen has more than 25 years of finance and operational leadership, most recently serving as President and CFO of Baker & Taylor, a multi‑hundred‑million‑dollar revenue company. His background includes finance and M&A roles at Red Ventures and senior finance positions at DyStar, Color Solutions International, Boehme Filatex, and Technimark, with an earlier career at KPMG. The company said Hennen will focus on strategic priorities, financial platform enhancement and disciplined capital stewardship.
SPAR Group (NASDAQ: SGRP) reported third quarter 2025 results on Nov 14, 2025: Q3 net revenues $41.4M with U.S. and Canada comparable net revenues up 28.2% year-over-year. Consolidated gross margin declined to 18.6% from 22.3% a year earlier, pressured by a higher remodeling revenue mix. GAAP net loss was $8.8M (‑$0.37/share); non‑GAAP adjusted diluted loss was $0.10 per share. The company recorded ~$4.0M restructuring and $1.6M one‑time costs. Adjusted EBITDA was $90K. Liquidity totaled $10.4M and revolving facilities were expanded to $36M through Oct 2027.
SPAR Group (NASDAQ: SGRP) appointed William Linnane as permanent Chief Executive Officer, effective November 14, 2025. Linnane, who served as President and Interim CEO earlier in 2025, also joins the company's Board of Directors.
The company highlighted Linnane's prior executive experience at SPAR and the board expressed confidence in his ability to lead growth and innovation. Linnane said his priorities include transforming retail innovation, accelerating growth, building a structurally leaner, more profitable business, and surpassing key financial goals in 2026.
SPAR Group (NASDAQ: SGRP) named 40-year retail veteran James Gillis as Executive Chairman effective immediately and confirmed President William Linnane will report to him and lead operational execution.
The company amended and restated its credit facilities, increasing the U.S. revolving credit to $30 million and the Canada revolving credit to $6 million, with both facilities extended through October 10, 2027 and interest at Prime+1.25% with a minimum of 6.75% per annum.
SPAR will relocate its corporate headquarters to Charlotte, NC effective November 1, 2025, moving Corporate Administration, Finance and Accounting, Human Resources, and Business Operations to the new HQ; further consolidation is planned in 2026. Linnane also acquired a stake in the company as part of his role.
SPAR Group (NASDAQ: SGRP) announced leadership moves and strategic repositioning on October 8, 2025. The company named William Linnane President and appointed Josh Jewett as Chief Technology Officer to lead digital transformation and AI initiatives. Management cites nearly two years of strategic-alternatives work, divestment of offshore businesses, and operational repositioning and says it expects to outperform key financial metrics in 2026.
The priorities listed include delighting customers, scaling the business, improving operational efficiency, and leveraging technology partnerships to drive competitive differentiation.
SPAR Group (NASDAQ:SGRP) announced significant leadership changes as CEO Mike Matacunas plans to retire in October 2025 after nearly five years of leadership. William Linnane, currently Chief Strategy and Growth Officer, has been appointed President effective immediately.
Under Matacunas' leadership since 2021, SPAR Group underwent a substantial transformation, including doubling the U.S. and Canadian businesses, exiting international joint ventures, improving profitability, and expanding into new segments. Additionally, Global COO Kori Belzer is retiring, and Global CCO Ron Lutz will transition to an executive advisor role as of August 29, 2025.
Linnane, who joined SPAR in 2021, brings extensive retail experience from previous roles at Sears, Eason Retail, and Tesco. The company reports it is positioned to deliver its largest new business pipeline in its 50-year history.
SPAR Group (NASDAQ: SGRP) announced that a group of high-net-worth investors has acquired 220,000 SPAR shares for $2.00 per share, representing a significant 76% premium over the previous closing price of $1.13. The $440,000 cash transaction was completed using treasury shares.
The investor group previously supported the terminated Highwire Capital transaction. Separately, SPAR has issued a demand letter to Highwire Capital for $1,758,728 in termination fees due to the unconsummated merger agreement.
SPAR Group (NASDAQ: SGRP), a provider of merchandising, marketing, and distribution services, will participate in the 16th Annual Midwest IDEAS Investor Conference on August 27, 2025. The event will take place at The InterContinental Chicago Magnificent Mile.
CEO Mike Matacunas and Chief Strategy and Growth Officer William Linnane will deliver a presentation from 11:30 AM to 12:05 PM CT and host one-on-one investor meetings throughout the day. The presentation will be available via webcast through SPAR Group's investor relations website, with a replay available afterward.
SPAR Group (NASDAQ: SGRP) reported its Q2 2025 financial results, showing sequential growth despite year-over-year comparisons affected by previous divestitures. The company achieved Q2 2025 revenues of $38.6 million, representing a 13.5% increase from Q1 2025, with U.S. and Canada revenues up 5% year-over-year.
Key highlights include improved gross margins of 23.5%, up from 21.4% in Q1 and 20.6% in the prior year period. The company reported break-even earnings per share, compared to a loss of ($0.16) per share in Q2 2024. SPAR maintains a strong financial position with total liquidity of $15.1 million and is pursuing a significant pipeline of over $200 million in potential future business opportunities in the U.S. and Canada.
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