Financial Data and Key Metrics Changes - Comparable store sales decreased by 4% during the first quarter, attributed to lower store traffic and the absence of an extra day in 2025 compared to the leap year in 2024, which resulted in an estimated sales loss of approximately $1,000,000 [6][12] - Gross margin rate improved to 66%, representing a 20 basis point increase compared to the first quarter of 2024, driven by a decrease in inventory write-offs [13] - Operating cash flow generated was $10,000,000, with cash balance increasing to $27,100,000 at the end of the quarter [14] Business Line Data and Key Metrics Changes - An increase in tile volume sold was noted, driven by the introduction of competitively priced entry-level products and the Arbor collection of luxury vinyl tile products [6][7] - The assortment of products has been enhanced with the addition of engineered hardwood and laminate products, contributing to improved sales volume [8][10] Market Data and Key Metrics Changes - The company continues to face challenges from lower housing turnover, market volatility, and consumer confidence concerns, which are impacting overall sales [6] - The company has diversified its supplier base across over 25 countries to mitigate risks associated with evolving tariff policies [9] Company Strategy and Development Direction - The company is focused on providing an exceptional customer experience and effectively managing expenses amidst external challenges [6] - Partnerships with leading designers and brands are being leveraged to create unique and exclusive tile products, enhancing the product offering [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the changes made to the product assortment contributing to increased tile volume sold, despite ongoing industry challenges [11] - The company believes it is well-positioned to navigate the current environment with a strong assortment, balance sheet, and talented team [15] Other Important Information - The company anticipates receiving $2,000,000 in sublease income from the distribution space in New Jersey, which will help reduce SG&A expenses [14] Q&A Session Summary Question: No questions were raised during the session - There were no questions from participants during the Q&A session [17]