Evercore Partners

Evercore acknowledges improving topline trends at Hims & Hers (HIMS) — US revenue growth accelerating to 16% YoY and a record 300K net subscriber adds — but remains concerned about the receding profit outlook. The firm points to another EBITDA guide cut, gross margin contracting ~12 points YoY to 64%, and limited disclosure around Eucalyptus' contribution.