| 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 October 31, 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
16,923 |
|
|
$ |
— |
|
|
$ |
16,923 |
|
|
Gross profit |
|
$ |
4,845 |
|
|
$ |
— |
|
|
$ |
4,845 |
|
|
Operating loss |
|
$ |
(880 |
) |
|
$ |
(11 |
) |
|
$ |
(891 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
3,691 |
|
|
$ |
452 |
|
|
$ |
4,143 |
|
|
Gross profit |
|
$ |
1,024 |
|
|
$ |
53 |
|
|
$ |
1,077 |
|
|
Operating loss |
|
$ |
(500 |
) |
|
$ |
(225 |
) |
|
$ |
(725 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39 weeks ended October 31, 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
48,378 |
|
|
$ |
138 |
|
|
$ |
48,516 |
|
|
Gross profit |
|
$ |
13,848 |
|
|
$ |
21 |
|
|
$ |
13,869 |
|
|
Operating loss |
|
$ |
(2,008 |
) |
|
$ |
(272 |
) |
|
$ |
(2,280 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
6,691 |
|
|
$ |
1,907 |
|
|
$ |
8,598 |
|
|
Gross profit |
|
$ |
1,670 |
|
|
$ |
47 |
|
|
$ |
1,717 |
|
|
Operating loss |
|
$ |
(1,321 |
) |
|
$ |
(922 |
) |
|
$ |
(2,243 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 Simply, Inc. as Reported: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3rd Fiscal Quarter |
|
|
Year-to-Date |
|
|
|
|
|
|
|
|
13 Weeks Ended October 31, 2020 |
|
|
Three Months Ended September 30, 2019 |
|
|
39 Weeks Ended October 31, 2020 |
|
|
Nine Months Ended September 30, 2019 |
|
|
Transition Period January 1 to February 1, 2020 |
|
|
Operating loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments |
|
$ |
(891 |
) |
|
$ |
(725 |
) |
|
$ |
(2,280 |
) |
|
$ |
(2,243 |
) |
|
$ |
(716 |
) |
|
Unallocated expenses |
|
|
(737 |
) |
|
|
(1,158 |
) |
|
|
(3,901 |
) |
|
|
(6,498 |
) |
|
|
(134 |
) |
|
Total consolidated operating loss |
|
$ |
(1,628 |
) |
|
$ |
(1,883 |
) |
|
$ |
(6,181 |
) |
|
$ |
(8,741 |
) |
|
$ |
(850 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|