XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 11 - Segment Information | 6 Months Ended
--- | ---
Aug. 02, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 11. Segment Information The Company’s operations are conducted through three operating segments consisting of DTC, commercial and international franchising. The DTC segment includes the operating activities of corporately-managed locations and other retail delivery operations in the U.S., Canada, the Republic of Ireland and the U.K., including the Company’s e-commerce sites and temporary stores. The commercial segment includes the Company’s transactions with other businesses, mainly comprised of licensing the Company’s intellectual properties for third-party use and wholesale sales to our partner-operated locations. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in select countries in Asia, Australia, the Middle East, Africa, and South America. The operating segments have discrete sources of revenue, different capital structures and different cost structures. These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities. Accordingly, the Company has determined that each of its operating segments represent a reportable segment. The three reportable segments follow the same accounting policies used for the Company’s consolidated financial statements. The following is a summary of the financial information for the Company’s reportable segments (in thousands):
|  | Direct-to- |  |  |  |  |  |  | International |  |  |  |  |
|  | Consumer |  |  | Commercial |  |  | Franchising |  |  | Total |
Thirteen weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenue |  | $ | 114,635 |  |  | $ | 8,629 |  |  | $ | 983 |  |  | $ | 124,247 |
Cost of Goods Sold |  |  | 48,552 |  |  |  | 3,419 |  |  |  | 765 |  |  |  | 52,736 |
Gross Profit |  |  | 66,083 |  |  |  | 5,210 |  |  |  | 218 |  |  |  | 71,511 |
Selling, General & Administrative |  |  | 34,183 |  |  |  | 97 |  |  |  | - |  |  |  | 34,280 |
Contribution Margin |  |  | 31,900 |  |  |  | 5,113 |  |  |  | 218 |  |  |  | 37,231 |
Overhead Expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22,119 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (206 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 15,318 |
Thirteen weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenue |  | $ | 103,455 |  |  | $ | 7,294 |  |  | $ | 1,049 |  |  | $ | 111,798 |
Cost of Goods Sold |  |  | 47,607 |  |  |  | 3,008 |  |  |  | 614 |  |  |  | 51,229 |
Gross Profit |  |  | 55,848 |  |  |  | 4,286 |  |  |  | 435 |  |  |  | 60,569 |
Selling, General & Administrative |  |  | 31,717 |  |  |  | 257 |  |  |  | - |  |  |  | 31,974 |
Contribution Margin |  |  | 24,131 |  |  |  | 4,029 |  |  |  | 435 |  |  |  | 28,595 |
Overhead Expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,238 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (188 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,545 |
Twenty-six weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenue |  | $ | 234,224 |  |  | $ | 16,251 |  |  | $ | 2,167 |  |  | $ | 252,642 |
Cost of Goods Sold |  |  | 100,123 |  |  |  | 6,433 |  |  |  | 1,588 |  |  |  | 108,144 |
Gross Profit |  |  | 134,101 |  |  |  | 9,818 |  |  |  | 579 |  |  |  | 144,498 |
Selling, General & Administrative |  |  | 68,535 |  |  |  | 193 |  |  |  | - |  |  |  | 68,728 |
Contribution Margin |  |  | 65,566 |  |  |  | 9,625 |  |  |  | 579 |  |  |  | 75,770 |
Overhead Expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 41,227 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (406 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 34,949 |
Twenty-six weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenue |  | $ | 211,323 |  |  | $ | 13,278 |  |  | $ | 1,927 |  |  | $ | 226,528 |
Cost of Goods Sold |  |  | 97,022 |  |  |  | 5,541 |  |  |  | 1,231 |  |  |  | 103,794 |
Gross Profit |  |  | 114,301 |  |  |  | 7,737 |  |  |  | 696 |  |  |  | 122,734 |
Selling, General & Administrative |  |  | 62,489 |  |  |  | 451 |  |  |  | - |  |  |  | 62,940 |
Contribution Margin |  |  | 51,812 |  |  |  | 7,286 |  |  |  | 696 |  |  |  | 59,794 |
Overhead Expenses(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33,834 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (614 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 26,574 |
| (1) | Overhead expenses contain selling, general and administrative expenses not attributable to a segment.
Total assets, depreciation and amortization, and capital expenditures for the Company's segments, as well as for Corporate and support, are as follows:
|  | Direct-to- |  |  |  |  |  |  | International |  |  |  |  |  |  |  |  |
|  | Consumer |  |  | Commercial |  |  | Franchising |  |  | Corporate |  |  | Total |
Thirteen weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 2,691 |  |  |  | 35 |  |  |  | - |  |  |  | 942 |  |  |  | 3,668 |
Capital Expenditures |  |  | 2,381 |  |  |  | - |  |  |  | - |  |  |  | 984 |  |  |  | 3,365 |
Thirteen weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 2,584 |  |  |  | 54 |  |  |  | - |  |  |  | 998 |  |  |  | 3,636 |
Capital Expenditures |  |  | 2,187 |  |  |  | - |  |  |  | - |  |  |  | 1,083 |  |  |  | 3,270 |
Twenty-six weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 219,168 |  |  | $ | 11,466 |  |  | $ | 1,648 |  |  | $ | 85,956 |  |  | $ | 318,238 |
Depreciation and amortization |  |  | 5,425 |  |  |  | 74 |  |  |  | - |  |  |  | 1,869 |  |  |  | 7,368 |
Capital Expenditures |  |  | 4,021 |  |  |  | - |  |  |  | - |  |  |  | 2,307 |  |  |  | 6,328 |
Twenty-six weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 198,235 |  |  | $ | 10,345 |  |  | $ | 1,067 |  |  | $ | 69,812 |  |  | $ | 279,459 |
Depreciation and amortization |  |  | 5,207 |  |  |  | 106 |  |  |  | - |  |  |  | 1,981 |  |  |  | 7,294 |
Capital Expenditures |  |  | 4,090 |  |  |  | - |  |  |  | - |  |  |  | 1,610 |  |  |  | 5,700 |
The Company’s reportable segments are primarily determined by the types of products and services that they offer. Each reportable segment may operate in many geographic areas. Revenues are recognized in the geographic areas based on the location of the customer or franchisee. The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands):
|  | North |  |  |  |  |  |  |  |  |  |  |  |  |
|  | America (1) |  |  | Europe (2) |  |  | Other (3) |  |  | Total |
Thirteen weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 107,066 |  |  | $ | 15,775 |  |  | $ | 1,406 |  |  | $ | 124,247 |
Thirteen weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 96,766 |  |  | $ | 14,012 |  |  | $ | 1,020 |  |  | $ | 111,798 |
Twenty-six weeks ended August 2, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 218,339 |  |  | $ | 31,402 |  |  | $ | 2,901 |  |  | $ | 252,642 |
Property and equipment, net |  |  | 54,121 |  |  |  | 4,683 |  |  |  | 0 |  |  |  | 58,804 |
Twenty-six weeks ended August 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 196,217 |  |  | $ | 28,461 |  |  | $ | 1,850 |  |  | $ | 226,528 |
Property and equipment, net |  |  | 49,436 |  |  |  | 3,867 |  |  |  | 0 |  |  |  | 53,303 |
For purposes of this table only:
(1) North America includes corporately-managed locations and sales to wholesale customers in the United States and Canada.
(2) Europe includes corporately-managed locations in the U.K. and the Republic of Ireland and sales to wholesale customers in Europe.
(3) Other includes wholesale and franchise businesses outside of North America and Europe.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration