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Segment Information (Tables) | 4 Months Ended
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Apr. 19, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Operating Segment | The following tables set forth information about the Company by reportable segment:
| 16 Weeks Ended April 19, 2025 |
(In thousands) | Wholesale |  |  | Retail |  |  | Total |
Net sales (including inter-segment sales) | $ |  | 2,358,557 |  |  | $ |  | 947,575 |  |  | $ |  | 3,306,132 |
Elimination of inter-segment sales |  |  | (396,136 | ) |  |  |  | (372 | ) |  |  |  | (396,508 | )
Total consolidated net sales |  |  | 1,962,421 |  |  |  |  | 947,203 |  |  |  |  | 2,909,624 |
Less (a): |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 1,719,289 |  |  |  |  | 704,208 |  |  |  |  | 2,423,497 |
Selling, general and administrative |  |  | 181,337 |  |  |  |  | 227,926 |  |  |  |  | 409,263 |
Segment adjusted EBITDA |  |  | 61,795 |  |  |  |  | 15,069 |  |  |  |  | 76,864 |
Reconciliation of Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |
LIFO expense |  |  |  |  |  |  |  |  |  |  | (4,634 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (36,843 | )
Acquisition and integration, net |  |  |  |  |  |  |  |  |  |  | (3,840 | )
Restructuring and asset impairment, net |  |  |  |  |  |  |  |  |  |  | 368 |
Cloud computing amortization |  |  |  |  |  |  |  |  |  |  | (2,673 | )
Organizational realignment, net |  |  |  |  |  |  |  |  |  |  | (4,617 | )
Severance associated with cost reduction initiatives |  |  |  |  |  |  |  |  |  |  | (89 | )
Stock-based compensation |  |  |  |  |  |  |  |  |  |  | (5,769 | )
Stock warrant |  |  |  |  |  |  |  |  |  |  | (188 | )
Non-cash rent |  |  |  |  |  |  |  |  |  |  | 484 |
Loss on disposal of assets |  |  |  |  |  |  |  |  |  |  | (102 | )
Interest and non-operating expenses, net |  |  |  |  |  |  |  |  |  |  | (14,961 | )
Earnings before income taxes |  |  |  |  |  |  |  |  | $ |  | 4,000 |
Other segment disclosures: |  |  |  |  |  |  |  |  |  |  |
Acquisition and integration, net | $ |  | 2,061 |  |  | $ |  | 1,779 |  |  | $ |  | 3,840 |
Restructuring and asset impairment, net |  |  | (3,605 | ) |  |  |  | 3,237 |  |  |  |  | (368 | )
Depreciation and amortization |  |  | 18,091 |  |  |  |  | 18,752 |  |  |  |  | 36,843 |
Purchases of property and equipment |  |  | 13,754 |  |  |  |  | 17,839 |  |  |  |  | 31,593 |
a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.
| 16 Weeks Ended April 20, 2024 |
(In thousands) | Wholesale |  |  | Retail |  |  | Total |
Net sales (including inter-segment sales) | $ |  | 2,348,386 |  |  | $ |  | 792,833 |  |  | $ |  | 3,141,219 |
Elimination of inter-segment sales |  |  | (334,365 | ) |  |  |  | (591 | ) |  |  |  | (334,956 | )
Total consolidated net sales |  |  | 2,014,021 |  |  |  |  | 792,242 |  |  |  |  | 2,806,263 |
Less (a): |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 1,775,476 |  |  |  |  | 588,423 |  |  |  |  | 2,363,899 |
Selling, general and administrative |  |  | 180,919 |  |  |  |  | 186,550 |  |  |  |  | 367,469 |
Segment adjusted EBITDA |  |  | 57,626 |  |  |  |  | 17,269 |  |  |  |  | 74,895 |
Reconciliation of Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |
LIFO expense |  |  |  |  |  |  |  |  |  |  | (2,020 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (30,646 | )
Acquisition and integration, net |  |  |  |  |  |  |  |  |  |  | (327 | )
Restructuring and asset impairment, net |  |  |  |  |  |  |  |  |  |  | (5,768 | )
Cloud computing amortization |  |  |  |  |  |  |  |  |  |  | (2,018 | )
Organizational realignment, net |  |  |  |  |  |  |  |  |  |  | (306 | )
Severance associated with cost reduction initiatives |  |  |  |  |  |  |  |  |  |  | (69 | )
Stock-based compensation |  |  |  |  |  |  |  |  |  |  | (3,720 | )
Stock warrant |  |  |  |  |  |  |  |  |  |  | (326 | )
Non-cash rent |  |  |  |  |  |  |  |  |  |  | 901 |
Gain on disposal of assets |  |  |  |  |  |  |  |  |  |  | 20 |
Interest and non-operating expenses, net |  |  |  |  |  |  |  |  |  |  | (12,439 | )
Earnings before income taxes |  |  |  |  |  |  |  |  | $ |  | 18,177 |
Other segment disclosures: |  |  |  |  |  |  |  |  |  |  |
Acquisition and integration, net | $ |  | — |  |  | $ |  | 327 |  |  | $ |  | 327 |
Restructuring and asset impairment, net |  |  | (150 | ) |  |  |  | 5,918 |  |  |  |  | 5,768 |
Depreciation and amortization |  |  | 16,078 |  |  |  |  | 14,568 |  |  |  |  | 30,646 |
Purchases of property and equipment |  |  | 22,622 |  |  |  |  | 17,541 |  |  |  |  | 40,163 |
a) The significant expense categories and amounts align with the segment level-information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.
|  |  |  | April 19, |  |  | December 28, |
(In thousands) |  |  |  | 2025 |  |  | 2024 |
Total assets |  |  |  |  |  |  |  |  |  |
Wholesale |  |  |  | $ |  | 1,571,911 |  |  | $ |  | 1,576,043 |
Retail |  |  |  |  |  | 1,008,665 |  |  |  |  | 1,026,253 |
Total |  |  |  | $ |  | 2,580,576 |  |  | $ |  | 2,602,296 |

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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 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
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