CarParts.com reports Q1 EPS (3c) vs. (27c) last year

Reports Q1 revenue $132.0M vs. last year. CEO David Meniane commented: “In Q1 of 2026, we reached a milestone we have been building toward for five consecutive quarters: our first positive adjusted EBITDA since Q1 2024. Adjusted EBITDA was positive $585K, a swing of nearly $7M from the same quarter last year, driven by deliberate action across every line item in the P&L…A-Premium is approaching $45M in annualized run rate revenue, up from $35M at year-end…Spark and Zaap, our AI systems for customer experience and internal operations, are live. And we are running next day delivery out of 2 of our 4 warehouses today, with a target of 300,000 packages through our last mile network over the next 12 to 24 months. We have always been two companies in one: a digital layer and a physical asset base. In a world where AI is commoditizing digital execution, the physical infrastructure (our distribution network, our last mile capability, and our global supply chain) becomes the moat. That is where we are investing. We ended the quarter with $38M in cash and no revolver debt. The path to sustained free cash flow runs through levers we control, and we are executing against them today.”