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Segment Reporting (Tables)

6 Months Ended

Aug. 01, 2025

Segment Reporting [Abstract]

Summary of Reportable Segment Sales and Expenses

The following presents U.S. Digital segment sales and expenses:

		13 Weeks Ended							13 Weeks Ended
		August 1, 2025							August 2, 2024
(in thousands)		Segment			Total				Segment			Total
Net revenue		$	255,254		$	255,254			$	270,361		$	270,361
All other net revenue (1)						38,825							46,812
Total consolidated net revenue					$	294,079						$	317,173
Product cost of goods sold			100,484							105,675
Shipping cost of goods sold			32,962							34,808
Marketing costs			43,283							41,883
Variable personnel costs			14,631							17,066
Other segment expenses (2)			7,204							8,119
Segment variable profit		$	56,690						$	62,810

(1)All other net revenue is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds

(2)Other segment expenses include credit card fees, customer service, webhosting, supplies and other miscellaneous expenses

		26 Weeks Ended							26 Weeks Ended
		August 1, 2025							August 2, 2024
(in thousands)		Segment			Total				Segment			Total
Net revenue		$	483,006		$	483,006			$	499,089		$	499,089
All other net revenue (1)						72,281							103,555
Total consolidated net revenue					$	555,287						$	602,644
Product cost of goods sold			184,085							185,463
Shipping cost of goods sold			62,151							68,042
Marketing costs			83,216							80,985
Variable personnel costs			30,201							33,110
Other segment expenses (2)			13,769							13,803
Segment variable profit		$	109,584						$	117,686

(1)All other net revenue is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds

(2)Other segment expenses include credit card fees, customer service, webhosting, supplies and other miscellaneous expenses

Summary of Reconciliation Between Reportable Segment Variable Profit to Consolidated Operating Income (Loss)

The reconciliation between segment variable profit to consolidated loss before income taxes is as follows:

		13 Weeks Ended				13 Weeks Ended
(in thousands)		August 1, 2025				August 2, 2024
Segment variable profit		$	56,690			$	62,810
All other variable profit (1)			8,306				9,186
Depreciation expense			(7,656	)			(8,692	)
Unallocated corporate expenses (2)			(53,357	)			(60,818	)
Interest expense			(9,262	)			(10,447	)
Other income, net			3				84
Loss before income taxes		$	(5,276	)		$	(7,877	)

(1)All other variable profit is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds

(2)Unallocated corporate expenses include fixed personnel costs, incentive compensation, office occupancy, information technology and professional fees

		26 Weeks Ended				26 Weeks Ended
(in thousands)		August 1, 2025				August 2, 2024
Segment variable profit		$	109,584			$	117,686
All other variable profit (1)			14,151				19,511
Depreciation expense			(15,947	)			(17,697	)
Unallocated corporate expenses (2)			(106,175	)			(114,781	)
Interest expense			(18,527	)			(20,783	)
Other income, net			14				172
Loss before income taxes		$	(16,900	)		$	(15,892	)

(1)All other variable profit is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds

(1)Unallocated corporate expenses include fixed personnel costs, incentive compensation, office occupancy, information technology and professional fees

Summary of Net Revenue by Distribution Channel

Net revenue is presented by distribution channel in the following tables:

		13 Weeks Ended			% of Net				13 Weeks Ended			% of Net
(in thousands)		August 1, 2025			Revenue				August 2, 2024			Revenue
Net revenue:
U.S. eCommerce		$	167,268			56.9	%		$	188,336			59.4	%
Outfitters			66,424			22.6	%			63,159			19.9	%
Third Party			21,562			7.3	%			18,866			6.0	%
Total U.S. Digital Segment Revenue			255,254							270,361
Europe eCommerce			19,639			6.7	%			22,950			7.2	%
Licensing and Retail			19,186			6.5	%			23,862			7.5	%
Total Net revenue		$	294,079						$	317,173

		26 Weeks Ended			% of Net				26 Weeks Ended			% of Net
(in thousands)		August 1, 2025			Revenue				August 2, 2024			Revenue
Net revenue:
U.S. eCommerce		$	338,016			60.9	%		$	358,868			59.5	%
Outfitters			109,346			19.7	%			105,836			17.6	%
Third Party			35,644			6.4	%			34,385			5.7	%
Total U.S. Digital Segment Revenue			483,006							499,089
Europe eCommerce			37,490			6.7	%			47,918			8.0	%
Licensing and Retail			34,791			6.3	%			55,637			9.2	%
Total Net revenue		$	555,287						$	602,644

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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-Topic 280
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-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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