REI chief Mary Beth Laughton finished her first year at the co-op’s helm with a dramatically improved bottom line, benefiting from cost-cutting and other initiatives under her Peak 28 turnaround plan. A profitable back half helped narrow the 2025 net loss to $54,284,000 from a loss of $156,439,000 as the top line was just north of flat at $3,537,064,000 up from $3,526,474,000 for the 53-week year ended Jan. 3 over the 52-week FY24. Gross margin expanded 270 b.p. to 43.1%, while operating expenses inched lower, leveraging 20 b.p. to 44.6% of ... Log in to view full article.