Net sales increased by 1.0% to $1,209.2 million in fiscal year 2025, up from $1,197.6 million in fiscal year 2024. Same store sales grew by 1.0% in fiscal year 2025, primarily due to growth in Hunting & Shooting Sports and Fishing departments. The company reported a net loss of $50.1 million for fiscal year 2025, compared to a net loss of $33.1 million in fiscal year 2024. Gross profit remained flat at 30.9% of net sales in fiscal year 2025, with improved margins in most departments offset by lower margins in Hunting & Shooting Sports and an unfavorable product mix shift. Selling, general, and administrative expenses increased by 1.1% to $393.0 million, remaining flat at 32.5% of net sales. An impairment expense of $17.8 million was recognized in fiscal year 2025 related to ten underperforming store locations. Adjusted EBITDA decreased to $27.5 million (2.3% margin) in fiscal year 2025 from $29.6 million (2.5% margin) in fiscal year 2024. Inventory decreased by 8.5% ($29.1 million) to $312.9 million at the end of fiscal year 2025. E-commerce driven sales increased by 6.6% and comprised over 20% of total sales in fiscal year 2025. The company plans to close approximately five underperforming stores after the 2026 holiday season and does not plan to open new stores in fiscal year 2026.