Total Sales Increase
Fiscal 2025 Q1 total sales increased by 5.8% to $1.161 billion, compared to $1.97 billion in the same period last year.
Record Customer Satisfaction
Achieved record customer satisfaction scores, demonstrating effective execution of growth strategies.
Sourcing Diversification
Successfully diversified sourcing away from China, reducing dependency from 50% in 2018 to mid to low single digits expected by the end of fiscal 2025.
Gross Margin Improvement
First quarter fiscal 2025 gross profit rose by 8.1%, with a 100 basis point increase in gross margin rate to 43.8% due to lower supply chain costs.
Connected Customer Sales Growth
Connected customer sales increased by 2.1% from the same period last year, now accounting for approximately 18.3% of sales.
Pro Sales Growth
Sales and comparable store sales to Pros continued to grow, accounting for approximately 50% of total sales, surpassing the company's overall sales performance.