Net sales for the first quarter of 2026 were $215.2 million, down 11.1% from $242.1 million in the first quarter of 2025. Operating loss widened to $42.2 million compared to $24.1 million in the prior year period. Net loss for the quarter was $53.2 million, or $2.40 per diluted share. The company is executing a transformation strategy targeting $60 million in annualized cost benefits by fiscal year 2027. The company successfully exited a third-party distribution facility, expected to yield $10 million in annualized savings.