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REVENUES | 3 Months Ended
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Mar. 29, 2025
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Disaggregation of Revenue The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or Non-U.S. Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales from company-operated Wrangler® and Lee® branded full-price and outlet stores, online and international concession arrangements. Other includes sales and licensing of Chic®, Rock & Republic®, other company-owned brands and private label apparel.
| Three Months Ended March 2025 |
(In thousands) | Wrangler |  | Lee |  | Other |  | Total |
Channel revenues |  |  |  |  |  |  |  |
U.S. Wholesale | $ | 335,504 |  |  | $ | 108,764 |  |  | $ | 2,609 |  |  | $ | 446,877 |  |
Non-U.S. Wholesale | 45,225 |  |  | 53,834 |  |  | — |  |  | 99,059 |  |
Direct-to-Consumer | 39,517 |  |  | 37,302 |  |  | 146 |  |  | 76,965 |  |
Total | $ | 420,246 |  |  | $ | 199,900 |  |  | $ | 2,755 |  |  | $ | 622,901 |  |
Geographic revenues |  |  |  |  |  |  |  |
U.S. | $ | 368,302 |  |  | $ | 122,303 |  |  | $ | 2,755 |  |  | $ | 493,360 |  |
International | 51,944 |  |  | 77,597 |  |  | — |  |  | 129,541 |  |
Total | $ | 420,246 |  |  | $ | 199,900 |  |  | $ | 2,755 |  |  | $ | 622,901 |  |
| Three Months Ended March 2024 |
(In thousands) | Wrangler |  | Lee |  | Other |  | Total |
Channel revenues |  |  |  |  |  |  |  |
U.S. Wholesale | $ | 328,725 |  |  | $ | 119,147 |  |  | $ | 2,092 |  |  | $ | 449,964 |  |
Non-U.S. Wholesale | 44,438 |  |  | 63,618 |  |  | — |  |  | 108,056 |  |
Direct-to-Consumer | 36,331 |  |  | 36,678 |  |  | 173 |  |  | 73,182 |  |
Total | $ | 409,494 |  |  | $ | 219,443 |  |  | $ | 2,265 |  |  | $ | 631,202 |  |
Geographic revenues |  |  |  |  |  |  |  |
U.S. | $ | 357,463 |  |  | $ | 132,283 |  |  | $ | 2,265 |  |  | $ | 492,011 |  |
International | 52,031 |  |  | 87,160 |  |  | — |  |  | 139,191 |  |
Total | $ | 409,494 |  |  | $ | 219,443 |  |  | $ | 2,265 |  |  | $ | 631,202 |  |
Contract Balances and Performance Obligations The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) |  | March 2025 |  |  | December 2024 |  | March 2024
Accounts receivable, net |  | $ | 208,261 |  |  |  | $ | 243,660 |  |  | $ | 239,632 |
Contract assets (a) |  | 7,899 |  |  |  | 16,576 |  |  | 6,311 |
Contract liabilities (b) |  | 1,632 |  |  |  | 1,757 |  |  | 1,522 |
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets. (b) Included within "accrued and other current liabilities" in the Company's balance sheets. For the three months ended March 2025 and March 2024, no significant revenue was recognized that was included in contract liabilities as of December 2024 and December 2023, respectively. For the three months ended March 2025, no significant revenue was recognized from performance obligations satisfied, or partially satisfied, in prior periods. As of March 2025, the Company has contractual rights under its licensing agreements to receive $83.0 million of fixed consideration related to the future minimum guarantees through December 2030.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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