CarParts.com, Inc. $(PRTS)$, a leading eCommerce provider of automotive parts and accessories, reported its first quarter 2025 financial results, showing a decrease in net sales and an increase in net loss compared to the same period last year. Net sales for the first quarter ended March 29, 2025, were $147.4 million, down 11% from $166.3 million in the year-ago quarter. The decline in sales was attributed to soft consumer demand, inclement weather, and continued pressures in lighting and mirrors. The company reported a net loss of $15.3 million, or ($0.27) per share, compared to a net loss of $6.5 million, or ($0.11) per share, in the same quarter last year. Gross profit decreased to $47.3 million from $53.9 million, with a gross margin of 32.1%. CarParts.com also highlighted that its mobile app has reached approximately 900,000 cumulative net downloads and over 5,000 CarParts+ and Roadside Assistance Memberships have been sold year to date. The company is evaluating various strategic alternatives in response to inbound interest and, as a result, is not providing guidance for 2025. As of March 29, 2025, CarParts.com had a cash balance of $38.5 million and no revolver debt.
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