Segment Reporting (Tables)

12 Months Ended

Feb. 01, 2025

Schedule of Operating Financial Results of our Segment

Operating financial results of our segment for fiscal years 2024, 2023 and 2022 are as follows:


(In thousands)	February 1, 2025			February 3, 2024			January 28, 2023
Net sales	$	1,202,885		$	1,175,882		$	1,262,235
Less:
Merchandise & delivery costs (1)		683,816			669,629			715,516
Store occupancy costs		90,275			84,863			78,555
Store expenses (2)		163,398			157,581			158,583
E-commerce expenses (3)		19,104			19,430			17,886
Advertising		50,533			56,272			55,902
Store depreciation and other selling expenses (4)		39,947			35,034			30,994
General and administrative expenses (5)		64,660			59,568			58,355
Other segment items (6)		(3,043	)		0			0
Interest income		(3,605	)		(2,917	)		(972	)
Interest expense		314			282			294
Income tax expense		23,720			22,792			37,054
Net income	$	73,766		$	73,348		$	110,068

(1)

Merchandise & delivery costs include the cost of merchandise and other buying and distribution costs.

(2)

Store expenses include selling expenses generally controlled operationally at the store level, such as store level payroll.

(3)

E-commerce expenses include primarily website maintenance costs and other selling expenses.

(4)

See Note 7 – Property and Equipment for more information. Other selling expenses include store-related health care, other insurance, licensing/tax costs and Property and Equipment write-offs.

(5)

General and administrative expenses include departmental and corporate expenses, including incentive and share-based compensation and merger and integration expenses.

(6)

Other segment items represent non-operating income resulting from pandemic-related tax credits associated with our acquisition of Rogan's in February 2024.