| Schedule of Operating Results of Segments |
The tables below (in thousands) reflect the operating results of the Company’s segments for the reported periods, consistent with the management and measurement system utilized within the Company.
|
|
|
Retail Stores |
|
|
Cooltech
Distribution |
|
|
Total
Segments |
|
|
13 weeks ended August 1, 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
17,616 |
|
|
$ |
34 |
|
|
$ |
17,650 |
|
|
Gross profit |
|
$ |
4,518 |
|
|
$ |
11 |
|
|
$ |
4,529 |
|
|
Operating loss |
|
$ |
(458 |
) |
|
$ |
(71 |
) |
|
$ |
(529 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
1,342 |
|
|
$ |
584 |
|
|
$ |
1,926 |
|
|
Gross profit |
|
$ |
290 |
|
|
$ |
(11 |
) |
|
$ |
279 |
|
|
Operating loss |
|
$ |
(385 |
) |
|
$ |
(359 |
) |
|
$ |
(744 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 weeks ended August 1, 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
31,455 |
|
|
$ |
138 |
|
|
$ |
31,593 |
|
|
Gross profit |
|
$ |
9,002 |
|
|
$ |
22 |
|
|
$ |
9,024 |
|
|
Operating loss |
|
$ |
(1,129 |
) |
|
$ |
(261 |
) |
|
$ |
(1,390 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
3,000 |
|
|
$ |
1,455 |
|
|
$ |
4,455 |
|
|
Gross profit |
|
$ |
646 |
|
|
$ |
(6 |
) |
|
$ |
640 |
|
|
Operating loss |
|
$ |
(821 |
) |
|
$ |
(697 |
) |
|
$ |
(1,518 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transition Period January 1 to February 1, 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
5,281 |
|
|
$ |
4 |
|
|
$ |
5,285 |
|
|
Gross profit |
|
$ |
1,498 |
|
|
$ |
10 |
|
|
$ |
1,508 |
|
|
Operating loss |
|
$ |
(615 |
) |
|
$ |
(101 |
) |
|
$ |
(716 |
) |
|
Reconciliation of Operating Loss to Cool Holdings as Reported: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2nd Fiscal Quarter |
|
|
Year-to-Date |
|
|
|
|
|
|
|
|
13 Weeks Ended August 1, 2020 |
|
|
Three Months Ended June 30, 2019 |
|
|
26 Weeks Ended August 1, 2020 |
|
|
Six Months Ended June 30, 2019 |
|
|
Transition Period January 1 to February 1, 2020 |
|
|
Operating loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments |
|
$ |
(529 |
) |
|
$ |
(744 |
) |
|
$ |
(1,390 |
) |
|
$ |
(1,518 |
) |
|
$ |
(716 |
) |
|
Unallocated expenses |
|
|
(1,393 |
) |
|
|
(3,762 |
) |
|
|
(3,163 |
) |
|
|
(5,340 |
) |
|
|
(134 |
) |
|
Total consolidated operating loss |
|
$ |
(1,922 |
) |
|
$ |
(4,506 |
) |
|
$ |
(4,553 |
) |
|
$ |
(6,858 |
) |
|
$ |
(850 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|