{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-010507","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.382430+00:00","generated_at":"2026-05-15T08:04:53.611484+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SPAR Group issues FY2026 guidance: net sales $143-$151M, gross margins 20.5%-22.5%","bullets":["FY2026 net sales guidance of $143M-$151M vs FY25 actual of $136.1M, implying 5%-11% growth.","Gross margins expected to improve to 20.5%-22.5% from 15.9% in FY25.","SG&A (excl unusual items) guided at $25.5-$26.5M, down from $32.2M in FY25; targeting below $6.5M/quarter.","Recently completed $4.0M capital raise and announced on-demand merchandising partnership with ReposiTrak.","Management cites improved service mix toward higher-margin core merchandising and AI opportunities for 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-010507","json":"https://secwatch.observer/filing/0001437749-26-010507.json","markdown":"https://secwatch.observer/filing/0001437749-26-010507.md","text":"https://secwatch.observer/filing/0001437749-26-010507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010507/0001437749-26-010507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010507/sgrp20260331_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:04:53.611484+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf6e43aff3698fd452799c0be8bf5d1aeb9cf639","claim":"SPAR Group, Inc. reported fiscal year 2026 results: revenue $143 - $151. Guidance initiated.","evidence_excerpt":"the medium term as we continue to transform the organization, while remaining capital light in our investment approach.” In millions FY25 Actual FY26 Guidance Net Sales $ 136.1 $143 - $151 Gross Margins 15.9 % 20.5% - 22.5% SG&A, excl unusual items $ 32.2 $25.5 - $26.5 1 About SPAR Group, Inc. SPAR Group is an innovative services company offering","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010507/0001437749-26-010507-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2026"},{"label":"Revenue","value":"$143 - $151"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}