Total Revenue (Net Sales)

9% decline (from $193.427 m in Q1 2025 to $175.647 m in Q1 2026)

Total Revenue fell by about 9% YoY due to a reduction in same-store sales (previously a key driver of declines) and lower customer transactions, with an average sale per transaction down by 2.5% in Q1 2026. These factors, compounded by persistent inflationary pressures seen in earlier periods, contributed to weaker overall sales performance. " "

Gross Profit

Declined to $54.328 m in Q1 2026 (margin near 31%, slightly down)

Gross Profit deterioration reflects the lower revenue volume combined with modest margin compression from increased operating costs. This continued the trend from previous periods where reduced net sales and higher relative expense pressures (including costlier distribution and occupancy expenses) have eroded profitability. "

Operating Loss

Increased by 50% (from $10.981 m in Q1 2025 to $16.437 m in Q1 2026)

Operating Loss widened significantly as the decline in net sales was not offset by a proportional reduction in selling and administrative expenses. This indicates that fixed and inflation-driven costs remained elevated even as revenue dropped—a trend that followed similar pressures observed in prior periods. " "

Net Loss

Increased by 108% (from $8.286 m in Q1 2025 to $17.250 m in Q1 2026)

Net Loss more than doubled YoY due to the combined effects of declining sales, lower gross margins, and a significant increase in operating loss. The pronounced deterioration is consistent with the underlying issues seen previously, where higher relative expense burdens and subdued consumer demand deepened losses. " "

Diluted Earnings (Loss) Per Share

Worsened from $(0.38) in Q1 2025 to $(0.78) in Q1 2026

Diluted Loss Per Share deteriorated by over 100% as a result of the much larger net loss in Q1 2026 combined with a slight increase in weighted-average shares. This metric’s decline underscores the amplified impact of deteriorating profitability, following the previous period’s trends of increased losses and margin pressure. " " "