Net Sales Increase
Net sales increased by 8.5% to $1.13 billion driven by new store openings and a 30 basis point increase in comparable store sales.
Gross Margin Improvement
Gross margin increased by 110 basis points to 30.4%, exceeding expectations due to improvements in inventory management.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 31.7% to $51.9 million, with a margin of 4.6%, up 80 basis points from the prior year.
New Store Openings
11 new stores were opened in the first quarter, putting the company on track to achieve its annual target of 33 to 35 net new stores.
System Integration Progress
Completed the initial Phase 1 rollout of the real-time ordering guide, improving inventory visibility and execution.
Traffic Increase
Comp growth driven by a 2.3% increase in the number of transactions, showcasing strong traffic.