Net Sales

8% lower (from $746,596k in Q1 2025 to $686,909k in Q1 2026)

Net sales declined by about 8%, reflecting reduced customer demand and lower comparable sales compared to the previous year, indicating challenges in driving traffic or conversion that have persisted or worsened since Q1 2025. " "

Gross Profit

Up roughly 20% (from $245,069k in Q1 2025 to $295,126k in Q1 2026)

Gross profit increased by approximately 20% despite lower net sales, suggesting an improved product mix or cost efficiencies that enhanced margin performance relative to Q1 2025. " "

Operating Profit

Shifted from a profit of $9,382k in Q1 2025 to a loss of $7,262k in Q1 2026

Operating performance reversed significantly, likely due to increased operating expenses and additional cost pressures that offset the gains in gross profit improvements, a stark contrast to the profit achieved in the previous period. " "

Net Income

Fell from a slight profit of $885k in Q1 2025 to a loss of $17,136k in Q1 2026

Net income deteriorated sharply as the operating loss and higher non-operating expenses created a substantial net loss, reversing the marginal profitability of Q1 2025. " "

Basic EPS

Dropped from $0.01 in Q1 2025 to –$0.36 in Q1 2026

Basic EPS declined markedly, mirroring the shift from near breakeven earnings to a significant loss per share, which is consistent with the deteriorated net income performance. " "

Cash & Cash Equivalents

Decreased by 15.8% (from $54,638k in Q1 2025 to $46,025k in Q1 2026)

Cash reserves fell by 15.8%, reflecting reduced cash flows from operations and likely increased liquidity requirements, a worsening of trends observed in prior periods. " "

Shareholders’ Equity

Declined by about 31% (from $387,584k in Q1 2025 to $266,940k in Q1 2026)

Shareholders’ equity dropped significantly due to cumulative net losses, dividend payments, and share repurchases that continued from previous periods, further eroding the capital base compared to Q1 2025. " "

Long-Term Debt

Increased 38% (from $372,965k in Q1 2025 to $516,192k in Q1 2026)

Long-term debt rose by 38%, indicating increased reliance on debt financing to address operational or liquidity challenges, contrasting with the lower debt levels seen in Q1 2025. " "