Quarterly report

Harbor & Pine Co. · Second quarter 2026

Summary

Revenue reached 3.4 million dollars, 15% more than in the first quarter and ahead of plan. Growth came from the north, where a new store opened, and from online orders in the west¹. Costs stayed within budget for the third quarter in a row.

• Revenue: 3.4 M$, +15%
• Operating margin: 18%, +2 points
• Online share of sales: 21%
  • twice the share a year ago

Sales by region

Table 1. Revenue by region, thousand dollars

Growth

Quarterly growth is measured as the change of revenue against the previous quarter, where R₁ and R₂ are the revenues of the two quarters:

$$g=\frac{R_{2}-R_{1}}{R_{1}}\times 100\%$$

Figure 1. Revenue in April, May and June, thousand dollars: last year (light) and this year (dark)

Every month of the quarter beat the same month of last year. June was the strongest month on record²; the summer sale moved part of the July demand into it, so July will look weaker in comparison.

Next steps

1. Open the second store in the north
   1. Choose the site by the end of July
   2. Hire and train the staff in August
2. Move the west region fully online
3. Report the third quarter by 15 October