Strong Performance in Occasion Dresses
Sales momentum remained strong in occasion dresses, particularly in the bridesmaid category, driving healthy year-over-year net sales growth.
Improved Inventory Management
Inventory management resulted in a 4% year-over-year inventory reduction, while product margins increased 100 basis points versus the prior year period.
Brand Campaign Success
Successful campaigns and partnerships increased customer engagement and brand awareness, leading to the highest brand equity score to date.
Significant Wholesale Growth
Triple-digit year-over-year growth in Q1 revenue from wholesale, driven by growth among major partners and momentum in specialty retail.
Operational Improvements
Operational improvements with a sequential increase in gross margin to 40.3% from 37.9% in Q4 2024, and a $900,000 gross margin growth quarter-over-quarter.
Cost Efficiency Gains
OpEx declined 12% year-over-year, with fixed costs down 16%, reflecting ongoing efficiencies and strengthening profitability.
Positive Adjusted EBITDA Expected
Expected return to positive adjusted EBITDA in the second quarter of 2025 following improvements in March.