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v3.25.2

Operating Segments (Tables) | 6 Months Ended
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Aug. 02, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information by Operating Group | The table below presents certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.
| Second Quarter |  | First Half
| Fiscal 2025 |  | Fiscal 2024 |  | Fiscal 2025 |  | Fiscal 2024
Tommy Bahama |  |  |  |  |  |  |
Net sales | $ | 229,003 |  |  | $ | 245,079 |  |  | $ | 445,178 |  |  | $ | 470,696 |
Costs of goods sold | 90,052 |  |  | 94,385 |  |  | 166,502 |  |  | 171,694 |
Gross profit | $ | 138,951 |  |  | $ | 150,694 |  |  | $ | 278,676 |  |  | $ | 299,002 |
Operating costs: |  |  |  |  |  |  |
Variable and distribution costs | 13,652 |  |  | 14,626 |  |  | 26,952 |  |  | 28,517 |
Advertising costs | 10,199 |  |  | 11,330 |  |  | 20,346 |  |  | 19,469 |
Employment costs | 47,278 |  |  | 46,217 |  |  | 94,565 |  |  | 93,707 |
Occupancy costs | 23,508 |  |  | 22,289 |  |  | 46,286 |  |  | 43,924 |
Depreciation and amortization | 7,644 |  |  | 7,004 |  |  | 15,221 |  |  | 14,197 |
Other segment items (1) | 9,998 |  |  | 8,293 |  |  | 17,887 |  |  | 15,614 |
Tommy Bahama operating income | $ | 26,672 |  |  | $ | 40,935 |  |  | $ | 57,419 |  |  | $ | 83,574 |
Lilly Pulitzer |  |  |  |  |  |  |
Net sales | $ | 90,268 |  |  | $ | 91,689 |  |  | $ | 189,310 |  |  | $ | 180,110 |
Costs of goods sold | 31,275 |  |  | 29,550 |  |  | 65,388 |  |  | 58,692 |
Gross profit | $ | 58,993 |  |  | $ | 62,139 |  |  | $ | 123,922 |  |  | $ | 121,418 |
Operating costs: |  |  |  |  |  |  |
Variable and distribution costs | 5,606 |  |  | 5,313 |  |  | 11,654 |  |  | 10,198 |
Advertising costs | 8,377 |  |  | 10,078 |  |  | 16,902 |  |  | 19,357 |
Employment costs | 13,957 |  |  | 13,349 |  |  | 27,616 |  |  | 27,188 |
Occupancy costs | 5,932 |  |  | 5,221 |  |  | 11,375 |  |  | 10,332 |
Depreciation and amortization | 4,576 |  |  | 4,724 |  |  | 9,491 |  |  | 9,318 |
Other segment items (1) | 7,333 |  |  | 6,527 |  |  | 15,535 |  |  | 12,554 |
Lilly Pulitzer operating income | $ | 13,212 |  |  | $ | 16,927 |  |  | $ | 31,349 |  |  | $ | 32,471 |
Johnny Was |  |  |  |  |  |  |
Net sales | $ | 45,415 |  |  | $ | 50,280 |  |  | $ | 88,888 |  |  | $ | 101,492 |
Costs of goods sold | 17,275 |  |  | 16,851 |  |  | 32,630 |  |  | 34,814 |
Gross profit | $ | 28,140 |  |  | $ | 33,429 |  |  | $ | 56,258 |  |  | $ | 66,678 |
Operating costs: |  |  |  |  |  |  |
Variable and distribution costs | 2,364 |  |  | 3,533 |  |  | 4,515 |  |  | 6,566 |
Advertising costs | 6,499 |  |  | 7,381 |  |  | 12,033 |  |  | 13,735 |
Employment costs | 10,023 |  |  | 9,850 |  |  | 20,284 |  |  | 19,404 |
Occupancy costs | 5,127 |  |  | 5,549 |  |  | 10,516 |  |  | 10,894 |
Depreciation and amortization | 3,188 |  |  | 4,037 |  |  | 6,569 |  |  | 8,043 |
Other segment items (1) | 5,407 |  |  | 4,735 |  |  | 10,219 |  |  | 9,359 |
Johnny Was operating loss | $ | (4,468) |  |  | $ | (1,656) |  |  | $ | (7,878) |  |  | $ | (1,323) |
Emerging Brands |  |  |  |  |  |  |
Net sales | $ | 38,530 |  |  | $ | 32,929 |  |  | $ | 72,778 |  |  | $ | 65,931 |
Costs of goods sold | 15,744 |  |  | 13,199 |  |  | 29,678 |  |  | 26,673 |
Gross profit | $ | 22,786 |  |  | $ | 19,730 |  |  | $ | 43,100 |  |  | $ | 39,258 |
Operating costs: |  |  |  |  |  |  |
Variable and distribution costs | 2,925 |  |  | 2,535 |  |  | 5,372 |  |  | 4,893 |
Advertising costs | 3,331 |  |  | 2,948 |  |  | 6,479 |  |  | 5,674 |
Employment costs | 7,042 |  |  | 6,241 |  |  | 13,619 |  |  | 11,933 |
Occupancy costs | 2,087 |  |  | 1,478 |  |  | 3,955 |  |  | 2,740 |
Depreciation and amortization | 1,036 |  |  | 663 |  |  | 1,981 |  |  | 1,277 |
Other segment items (1) | 3,391 |  |  | 3,052 |  |  | 6,814 |  |  | 6,130 |
Emerging Brands operating income | $ | 2,974 |  |  | $ | 2,813 |  |  | $ | 4,880 |  |  | $ | 6,611 |
Corporate |  |  |  |  |  |  |
Net sales | $ | (73) |  |  | $ | (91) |  |  | $ | (150) |  |  | $ | (159) |
Cost of goods sold (2) | 1,172 |  |  | 890 |  |  | 1,895 |  |  | 2,825 |
Gross profit | $ | (1,245) |  |  | $ | (981) |  |  | $ | (2,045) |  |  | $ | (2,984) |
Depreciation and amortization | 141 |  |  | 122 |  |  | 287 |  |  | 256 |
Unallocated Corporate costs and income (3) | 11,593 |  |  | 5,406 |  |  | 21,821 |  |  | 13,132 |
Corporate operating loss | $ | (12,979) |  |  | $ | (6,509) |  |  | $ | (24,153) |  |  | $ | (16,372) |
Consolidated Operating income | $ | 25,411 |  |  | $ | 52,510 |  |  | $ | 61,617 |  |  | $ | 104,961 |
Interest expense, net | 1,548 |  |  | 89 |  |  | 3,274 |  |  | 963 |
Earnings before income taxes | $ | 23,863 |  |  | $ | 52,421 |  |  | $ | 58,343 |  |  | $ | 103,998 |
(1)For all reporting units, other segment items primarily consists of software costs, professional services costs, other selling, general, and administrative costs and royalties and other income. (2)Cost of goods sold for Corporate and Other included a LIFO accounting charge of $1 million in the Second Quarter of Fiscal 2025 and the Second Quarter of Fiscal 2024 and a charge of $1 million in the First Half of Fiscal 2025 and $3 million in the First Half of Fiscal 2024. (3)Unallocated Corporate costs for Corporate and Other primarily consists of unallocated employment and other overhead expenses. The tables below present certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.
| First Half
| Fiscal 2025 |  | Fiscal 2024
Purchases of Property and Equipment |  |  |
Tommy Bahama | $ | 18,350 |  |  | $ | 17,283 |
Lilly Pulitzer | 4,456 |  |  | 4,045 |
Johnny Was | 712 |  |  | 2,219 |
Emerging Brands | 2,881 |  |  | 4,868 |
Corporate and Other | 28,205 |  |  | 25,113 |
Purchases of Property and Equipment | $ | 54,604 |  |  | $ | 53,528 |
| August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
Assets |  |  |  |  |
Tommy Bahama (1) | $ | 676,133 |  | $ | 681,730 |  | $ | 586,068
Lilly Pulitzer (2) | 205,203 |  | 205,398 |  | 198,507
Johnny Was (3) | 222,600 |  | 235,558 |  | 244,361
Emerging Brands (4) | 131,469 |  | 121,574 |  | 111,946
Corporate and Other (5) | 88,991 |  |  | 45,545 |  |  | 31,640 |
Consolidated Total Assets | $ | 1,324,396 |  | $ | 1,289,805 |  | $ | 1,172,522
(1)Increase in Tommy Bahama total assets from August 3, 2024, relates primarily to an increase in operating lease assets, inventories and property and equipment. (2)Increase in Lilly Pulitzer total assets from August 3, 2024, includes increases in software related assets, intangible assets related to the acquisition of intellectual property rights in the Fourth Quarter of Fiscal 2024 and inventories. (3)Decrease in Johnny Was total assets from August 3, 2024, relates primarily to the amortization of acquired intangible assets and a decrease in operating lease assets. (4)Increase in Emerging Brands total assets from August 3, 2024, relates primarily to an increase in inventories and property and equipment. (5)Increase in Corporate and Other total assets from August 3, 2024, relates primarily to an increase in property and equipment primarily related to the new distribution center project in Lyons, Georgia.
Schedule of Net Sale by Geographic Area | Net sales by geographic area are presented in the table below (in thousands). The other foreign amounts primarily relate to our Tommy Bahama operations in Canada and Australia.
| Second Quarter |  | First Half
| Fiscal 2025 |  | Fiscal 2024 |  | Fiscal 2025 |  | Fiscal 2024
Net Sales |  |  |  |  |  |  |
United States | $ | 394,183 |  |  | $ | 410,193 |  |  | $ | 779,342 |  |  | $ | 799,459 |
Other foreign | 8,960 |  |  | 9,693 |  |  | 16,662 |  |  | 18,611 |
| $ | 403,143 |  |  | $ | 419,886 |  |  | $ | 796,004 |  |  | $ | 818,070 |
Schedule of Net Sales by Operating Group | The tables below quantify net sales, for each reportable segment, as well as Corporate and Other, and in total (in thousands), and the percentage of net sales by distribution channel for each reportable segment, as well as Corporate and Other, and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding.
| Second Quarter Fiscal 2025
| Net Sales |  | Retail |  | E-commerce |  | Food & Beverage |  | Wholesale |  | Other
Tommy Bahama | $ | 229,003 |  | 45% |  | 29% |  | 13% |  | 13% |  | —%
Lilly Pulitzer | 90,268 |  | 37% |  | 48% |  | —% |  | 15% |  | —%
Johnny Was | 45,415 |  | 38% |  | 46% |  | —% |  | 16% |  | —%
Emerging Brands | 38,530 |  | 23% |  | 49% |  | —% |  | 28% |  | —%
Corporate and Other | (73) |  |  | —% |  | —% |  | —% |  | —% |  | NM %
Total | $ | 403,143 |  | 41% |  | 37% |  | 7% |  | 15% |  | —%
| Second Quarter Fiscal 2024
| Net Sales |  | Retail |  | E-commerce |  | Food & Beverage |  | Wholesale |  | Other
Tommy Bahama | $ | 245,079 |  | 45% |  | 29% |  | 12% |  | 14% |  | —%
Lilly Pulitzer | 91,689 |  | 39% |  | 44% |  | —% |  | 17% |  | —%
Johnny Was | 50,280 |  | 40% |  | 45% |  | —% |  | 15% |  | —%
Emerging Brands | 32,929 |  | 20% |  | 53% |  | —% |  | 27% |  | —%
Corporate and Other | (91) |  |  | —% |  | —% |  | —% |  | —% |  | NM %
Total | $ | 419,886 |  | 41% |  | 36% |  | 7% |  | 16% |  | —%
| First Half Fiscal 2025
| Net Sales |  | Retail |  | E-commerce |  | Food & Beverage |  | Wholesale |  | Other
Tommy Bahama | $ | 445,178 |  | 45% |  | 24% |  | 14% |  | 17% |  | —%
Lilly Pulitzer | 189,310 |  | 36% |  | 45% |  | —% |  | 19% |  | —%
Johnny Was | 88,888 |  | 38% |  | 42% |  | —% |  | 20% |  | —%
Emerging Brands | 72,778 |  | 21% |  | 44% |  | —% |  | 35% |  | —%
Corporate and Other | (150) |  |  | —% |  | —% |  | —% |  | —% |  | NM %
Total | $ | 796,004 |  | 40% |  | 33% |  | 8% |  | 19% |  | —%
| First Half Fiscal 2024
| Net Sales |  | Retail |  | E-commerce |  | Food & Beverage |  | Wholesale |  | Other
Tommy Bahama | $ | 470,696 |  | 45% |  | 25% |  | 14% |  | 16% |  | —%
Lilly Pulitzer | 180,110 |  | 37% |  | 45% |  | —% |  | 18% |  | —%
Johnny Was | 101,492 |  | 39% |  | 42% |  | —% |  | 19% |  | —%
Emerging Brands | 65,931 |  | 17% |  | 45% |  | —% |  | 38% |  | —%
Corporate and Other | (159) |  |  | —% |  | —% |  | —% |  | —% |  | NM %
Total | $ | 818,070 |  | 40% |  | 33% |  | 8% |  | 19% |  | —%

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