v3.25.1
Segment Reporting
 3 Months Ended
May 04, 2025
Segment Reporting [Abstract]  
Segment Reporting 12.    SEGMENT REPORTING

As of May 4, 2025 and April 28, 2024, we had one reportable segment. The Company’s operating segment is based on how the Chief Operating Decision Maker (“CODM”) makes decisions about allocating resources and assessing performance. Our CODM is our Chief Executive Officer and the CODM receives discrete financial information for the Company’s gross margin and a summarized comprehensive statement of income monthly that categorizes selling, general and administrative expenses

into four line items with remaining expenses and expenditures for long-lived assets being consolidated as an omnichannel business. The following table summarizes the Company’s gross margin and selling, general and administrative expenses.

Three Months Ended

May 4, 2025

April 28, 2024

(13 weeks)

(13 weeks)

(in thousands)

Net sales

$

102,704

$

116,684

Cost of goods sold

49,349

55,060

Gross margin

$

53,355

$

61,624

Less:

Outbound shipping expenses

$

6,186

$

6,759

Advertising expenses

10,076

11,982

Variable expenses

10,886

10,646

Overhead expenses

38,559

41,208

Total selling, general and administrative

65,707

70,595

Operating loss

(12,352)

(8,971)

Interest expense

1,481

993

Other (loss) income, net

(161)

16

Loss before income taxes

(13,994)

(9,948)

Income tax expense (benefit)

1,270

(2,083)

Net loss

(15,264)

(7,865)

Less: Net income (loss) attributable to noncontrolling interest

29

8

Net loss attributable to controlling interest

$

(15,293)

$

(7,873)