Revenue Growth in Q2
For the first six weeks of the second quarter, revenues were up double digits year-over-year on sequentially lower marketing spend.
Increased Focus on High Margin Opportunities
The company is focusing on high margin fee income, repeat customers, and mobile app traffic, which are at record levels.
Expansion of Wholesale Business
Over 700 new commercial customers were onboarded, with same and next-day last mile delivery launched in Texas and North Florida markets.
Strong Inventory and Supply Chain Management
The company proactively invested in inventory ahead of tariffs, with a low obsolescence risk and pre-freight margins over 50%.
Vertically Integrated Supply Chain Optimization
The company has scaled its supply chain with a product margin in the mid-50s percent and extra capacity to leverage as the business grows.