Lapping a horrific first quarter last year, net income was $10,959,000 in Q1 against a loss of $17,395,000, on revenues that more than doubled to $163,157,000 from $77,289,000. Brick-and-mortar sales were up 172%, comping against a fleet that was mostly closed by the end of Q1 last year. E-commerce sales increased 17% and accounted for 22% of the total against 39% penetration last year. The results compared very favorably with 2019, with store comps up 11.7% and digital up 80.4% on a two-year basis. E-commerce penetration was 15.1% in Q1 ‘19.

Comparisons with 2020 were not considered meaningful, but the first ... Log in to view full article.