Strong First Quarter Performance
Sales of $971 million with a comparable sales increase of 7.1%. Increased transactions by 6.2% led to adjusted EPS of $0.86.
Store Growth
Opened 55 new stores across 20 states, ending the quarter with 1,826 stores, an increase of 221 stores or 13.8% over last year.
Improved Inventory and Gross Margin
Adjusted gross profit increased by 24.6% to $328.4 million, with a gross margin increase of approximately 140 basis points to 33.8%.
Customer Engagement and Marketing Success
Invested in creator content for social media with encouraging results, highlighting value to increase brand awareness.
Tariff Mitigation Efforts
Reduction in goods sourced from China by about ten percentage points for the back half of the year, with diversification of sourcing and pricing adjustments.