XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Reporting (Tables) | 3 Months Ended
--- | ---
May 03, 2025
Segment Reporting [Abstract] |
Segment Information | The following table provides certain financial da ta by segment reconciled to the condensed consolidated financial statements (total assets by segment are not presented in the table below as the CODM does not evaluate, manage, or measure performance of segments using total assets):
(in thousands) | U.S. Retail |  | Canada Retail |  | Brand Portfolio |  | Total
Three months ended May 3, 2025 |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |
External customer sales | $ | 573,240 |  |  | $ | 53,905 |  |  | $ | 59,764 |  |  | $ | 686,909 |
Intersegment sales | — |  |  | — |  |  | 36,134 |  |  | 36,134 |
Segment net sales | 573,240 |  |  | 53,905 |  |  | 95,898 |  |  | 723,043 |
Elimination of intersegment net sales |  |  |  |  |  |  | (36,134) |
Consolidated net sales |  |  |  |  |  |  | $ | 686,909 |
Less segment expenses: |  |  |  |  |  |  |
Cost of sales, exclusive of expenses shown below | (330,444) |  |  | (28,501) |  |  | (69,227) |  |  |
Store selling expenses | (74,197) |  |  | (9,307) |  |  | — |  |  |
Occupancy costs | (64,710) |  |  | (9,002) |  |  | (1,196) |  |  |
Marketing | (33,668) |  |  | (1,078) |  |  | (3,798) |  |  |
Distribution and fulfillment costs | (11,070) |  |  | (1,231) |  |  | (2,979) |  |  |
Personnel overhead costs | (10,353) |  |  | (3,009) |  |  | (12,367) |  |  |
Depreciation and amortization | (7,878) |  |  | (1,142) |  |  | (1,760) |  |  |
Other expense items(1) | (1,312) |  |  | (270) |  |  | (4,407) |  |  |
Plus income from equity investments | — |  |  | — |  |  | 2,427 |  |  |
Segment operating profit | $ | 39,608 |  |  | $ | 365 |  |  | $ | 2,591 |  |  | 42,564 |
Net recognition of intersegment activity |  |  |  |  |  |  | 255 |
Corporate shared service costs(2) |  |  |  |  |  |  | (47,128) |
Impairment charges(2) |  |  |  |  |  |  | (2,953) |
Consolidated operating loss |  |  |  |  |  |  | (7,262) |
Interest expense, net |  |  |  |  |  |  | (11,868) |
Non-operating income, net |  |  |  |  |  |  | 8 |
Loss before income taxes |  |  |  |  |  |  | $ | (19,122) |
Cash paid for segment property and equipment | $ | 4,819 |  |  | $ | 1,056 |  |  | $ | 644 |  |  | $ | 6,519 |
(in thousands) | U.S. Retail |  | Canada Retail |  | Brand Portfolio |  | Total
Three months ended May 4, 2024 |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |
External customer sales | $ | 621,367 |  |  | $ | 55,512 |  |  | $ | 69,717 |  |  | $ | 746,596 |
Intersegment sales | — |  |  | — |  |  | 34,413 |  |  | 34,413 |
Segment net sales | 621,367 |  |  | 55,512 |  |  | 104,130 |  |  | 781,009 |
Elimination of intersegment net sales |  |  |  |  |  |  | (34,413) |
Consolidated net sales |  |  |  |  |  |  | $ | 746,596 |
Less segment expenses: |  |  |  |  |  |  |
Cost of sales, exclusive of expenses shown below | (346,959) |  |  | (29,138) |  |  | (70,653) |  |  |
Store selling expenses | (77,572) |  |  | (9,099) |  |  | — |  |  |
Occupancy costs | (65,168) |  |  | (7,893) |  |  | (1,716) |  |  |
Marketing | (35,272) |  |  | (955) |  |  | (8,360) |  |  |
Distribution and fulfillment costs | (10,635) |  |  | (1,277) |  |  | (2,591) |  |  |
Personnel overhead costs | (12,226) |  |  | (2,814) |  |  | (15,735) |  |  |
Depreciation and amortization | (8,059) |  |  | (1,001) |  |  | (1,674) |  |  |
Other expense items(1) | (1,275) |  |  | (167) |  |  | (4,309) |  |  |
Plus income from equity investments | — |  |  | — |  |  | 2,864 |  |  |
Segment operating profit | $ | 64,201 |  |  | $ | 3,168 |  |  | $ | 1,956 |  |  | 69,325 |
Net elimination of intersegment activity |  |  |  |  |  |  | (4,248) |
Corporate shared service costs(2) |  |  |  |  |  |  | (55,695) |
Consolidated operating profit |  |  |  |  |  |  | 9,382 |
Interest expense, net |  |  |  |  |  |  | (11,561) |
Non-operating expenses, net |  |  |  |  |  |  | (143) |
Loss before income taxes |  |  |  |  |  |  | $ | (2,322) |
Cash paid for segment property and equipment | $ | 5,951 |  |  | $ | 2,116 |  |  | $ | 402 |  |  | $ | 8,469 |
(1) Other expense items include professional services fees, payment service fees, supplies, travel, and other administrative segment expenses. (2) Corporate shared services costs and impairment charges are not attributed to any of our segments. Corporate shared services costs primarily relate to corporate administration, IT, finance, human resources, legal, real estate, and other shared services performing corporate-level activities. We also do not allocate amounts related to restructuring and integration charges (including severance) and acquisition-related costs.

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration