• Operational Improvements: The company’s plan to close 15 stores in fiscal 2025 (with 8 already closed in Q1) is expected to reallocate capital and inventory to its best-performing locations, potentially leading to improved margins and efficiency.
• Focused Expense Management: Management is actively managing merchandize margins, expenses, and inventory levels amidst a challenging sales environment, which could translate into better gross profit optimization and streamlined operations.
• Financial Flexibility: The extension of the $150 million credit facility with maturity in December 2029 provides the company with solid financial backing, supporting its strategic initiatives and investments in store-related remodeling and other operational enhancements.

• Declining Sales and Weak Same-Store Performance: Q4 net sales dropped from $196.3 million to $181.6 million with same-store sales down 6.1%, and fiscal 2024 same-store sales declined 9.4% overall, indicating persistent demand weakness.
• Margin Pressure and Increased Costs: Gross profit margin fell from 30.2% to 28.2% due to rising occupancy/distribution expenses and lower merchandise margins, stressing the company’s profitability.
• Deteriorating Near-Term Guidance: The fiscal 2025 first-quarter outlook expects same-store sales to decline in the mid-to-high single-digit range and net loss per share to widen to $0.75–$0.85, signaling potential short-term financial headwinds.

1. **No Q&A Session**  
   **Q:** Was there a Q&A session during the call?  
   **A:** The transcript provided contains only prepared remarks and management commentary on performance and guidance, with no Q&A segment included.  **[1156388_BGFV_3417802_1]** **[1156388_BGFV_3417802_2]** **[1156388_BGFV_3417802_3]**