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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The tables below present certain segment information for our reportable segments for the periods indicated:

			Fiscal year ended December 28, 2024
(dollars in thousands)			U.S. Retail						U.S. Wholesale						International						Total
Net sales			$	1,417,108					$	1,021,396					$	405,598					$	2,844,102
Cost of goods sold(1)			567,435						705,550						205,951						1,478,936
Selling expenses(2)			489,481						9,591						103,566						602,638
Distribution expenses(3)			89,368						62,875						24,607						176,850
Other segment items(4)			137,898						26,400						32,504						196,802
Segment operating income			$	132,926					$	216,980					$	38,970					$	388,876

(1)Refer to Note 2, Summary of Significant Accounting Policies for additional information on the components of Cost of goods sold.

(2)Selling expenses include the costs of operating our retail stores and eCommerce channels, as well as wholesale sales management costs.

(3)Distribution expenses include payments to third-party shippers and handling costs to process product through our distribution facilities, including eCommerce fulfillment costs, and delivery to our wholesale customers and to our retail stores.

(4)Other segment items include royalty income and overhead costs that are attributable to our reportable segments and include allocated accounting, finance, human resources, and information technology expenses, occupancy costs, and other benefit and compensation programs, including performance-based compensation.

			Fiscal year ended December 30, 2023
(dollars in thousands)			U.S. Retail						U.S. Wholesale						International						Total
Net sales			$	1,501,780					$	1,014,584					$	429,230					$	2,945,594
Cost of goods sold			602,152						717,936						229,571						1,549,659
Selling expenses			506,709						8,363						95,155						610,227
Distribution expenses			95,354						63,188						24,903						183,445
Other segment items			106,923						26,152						34,470						167,545
Segment operating income			$	190,642					$	198,945					$	45,131					$	434,718

			Fiscal year ended December 31, 2022
(dollars in thousands)			U.S. Retail						U.S. Wholesale						International						Total
Net sales			$	1,680,159					$	1,080,471					$	452,103					$	3,212,733
Cost of goods sold			689,543						800,974						249,858						1,740,375
Selling expenses			521,516						9,402						89,452						620,370
Distribution expenses			113,455						78,079						24,653						216,187
Other segment items			102,788						24,777						28,462						156,027
Segment operating income			$	252,857					$	167,239					$	59,678					$	479,774

The table below presents a reconciliation of reportable segment operating income to Income before income taxes:

			Fiscal year ended
			December 28, 2024						December 30, 2023						December 31, 2022
Total segment operating income			$	388,876					$	434,718					$	479,774
Items not included in segment operating income:
Unallocated corporate expenses(1)			(102,326)						(106,901)						(91,603)
Organizational restructuring(2)			(1,822)						(4,412)						—
OshKosh tradename impairment charge			(30,000)						—						—
Skip Hop tradename impairment charge			—						—						(9,000)
Consolidated operating income			$	254,728					$	323,405					$	379,171
Interest expense			31,331						33,973						42,781
Interest income			(11,039)						(4,776)						(1,261)
Other expense (income), net			3,627						(8,034)						975
Loss on extinguishment of debt			—						—						19,940
Income before income taxes			$	230,809					$	302,242					$	316,736

(1)Unallocated corporate expenses include corporate overhead expenses that are not directly attributable to one of our reportable segments and include unallocated accounting, finance, legal, human resources, and information technology expenses, occupancy costs for our corporate headquarters, and other benefit and compensation programs, including performance-based compensation.

(2)Related to charges for corporate organizational restructuring in the fiscal year ended December 28, 2024 and organizational restructuring and related corporate office lease amendment actions in the fiscal year ended December 30, 2023.

Schedule of Additional Reportable Segment Information

The tables below present additional information for our reportable segments for the periods presented:

Depreciation and amortization expense

			Fiscal year ended
			December 28, 2024						December 30, 2023						December 31, 2022
U.S. Wholesale			$	8,749					$	10,958					$	13,415
U.S. Retail			35,562						38,710						39,975
International			11,413						11,758						11,695
Unallocated corporate			2,202						2,713						191
Total			57,926						64,139						65,276

Inventory

			December 28, 2024						December 30, 2023
Inventory:
U.S. Wholesale(*)			$	374,610					$	381,146
U.S. Retail			59,868						73,366
International			67,854						82,613
Total inventory			$	502,332					$	537,125
All other assets			1,930,835						1,841,488
Total assets			$	2,433,167					$	2,378,613

(*)U.S. Wholesale inventories also include inventory produced and warehoused for the U.S. Retail segment.

Consolidated Net Sales by Product

The table below represents consolidated net sales by product:

			Fiscal year ended
(dollars in thousands)			December 28, 2024						December 30, 2023						December 31, 2022
Baby			$	1,139,129					$	1,098,304					$	1,103,023
Playclothes			948,602						992,726						1,125,352
Sleepwear			373,373						411,678						492,152
Other(*)			382,998						442,886						492,206
Total net sales			$	2,844,102					$	2,945,594					$	3,212,733

(*)Other product offerings include bedding, outerwear, swimwear, shoes, socks, diaper bags, gift sets, toys, and hair accessories.

Property, Plant, and Equipment, net, by Geographic Area

The following represents Property, plant, and equipment, net, and Operating lease assets by geographic area:

(dollars in thousands)			December 28, 2024						December 30, 2023
United States			$	614,751					$	582,049
International			143,338						129,469
Total			$	758,089					$	711,518

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