Schedule of Operating Income (Loss) by Segment |
The following table presents sales and operating income (loss) by segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended April 26, 2025 | (Amounts in thousands) | | Wholesale | | Retail | | Corporate & Other | | Intersegment Eliminations | | Consolidated | Sales to external customers | | $ | 1,056,914 | | | $ | 898,370 | | | $ | 153,923 | | | $ | — | | | $ | 2,109,207 | | Intersegment sales | | 422,905 | | | — | | | 6,552 | | | (429,457) | | | — | | Total sales | | 1,479,819 | | | 898,370 | | | 160,475 | | | (429,457) | | | 2,109,207 | | Cost of sales | | 1,093,828 | | | 399,038 | | | 67,540 | | | (377,617) | | | 1,182,789 | | Gross profit | | 385,991 | | | 499,332 | | | 92,935 | | | (51,840) | | | 926,418 | | SG&A expenses | | 283,197 | | | 393,915 | | | 144,728 | | | (51,840) | | | 770,000 | | Goodwill impairment | | 20,581 | | | — | | | — | | | — | | | 20,581 | | Operating income (loss) | | $ | 82,213 | | | $ | 105,417 | | | $ | (51,793) | | | $ | — | | | $ | 135,837 | | | | | | | | | | | | | Interest expense | | | | | | | | | | (545) | | Interest income | | | | | | | | | | 14,877 | | Other income (expense), net | | | | | | | | | | (3,035) | | Income before income taxes | | | | | | | | | | $ | 147,134 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended April 27, 2024 | (Amounts in thousands) | | Wholesale | | Retail | | Corporate & Other | | Intersegment Eliminations | | Consolidated | Sales to external customers | | $ | 1,048,431 | | | $ | 855,126 | | | $ | 143,470 | | | $ | — | | | $ | 2,047,027 | | Intersegment sales | | 398,847 | | | — | | | 10,299 | | | (409,146) | | | — | | Total sales | | 1,447,278 | | | 855,126 | | | 153,769 | | | (409,146) | | | 2,047,027 | | Cost of sales | | 1,073,251 | | | 380,520 | | | 72,626 | | | (361,040) | | | 1,165,357 | | Gross profit | | 374,027 | | | 474,606 | | | 81,143 | | | (48,106) | | | 881,670 | | SG&A expenses | | 274,654 | | | 362,924 | | | 141,402 | | | (48,106) | | | 730,874 | | Operating income (loss) | | $ | 99,373 | | | $ | 111,682 | | | $ | (60,259) | | | $ | — | | | $ | 150,796 | | | | | | | | | | | | | Interest expense | | | | | | | | | | (455) | | Interest income | | | | | | | | | | 15,482 | | Other income (expense), net | | | | | | | | | | (71) | | Income before income taxes | | | | | | | | | | $ | 165,752 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended April 29, 2023 | (Amounts in thousands) | | Wholesale | | Retail | | Corporate & Other | | Intersegment Eliminations | | Consolidated | Sales to external customers | | $ | 1,215,429 | | | $ | 982,043 | | | $ | 151,961 | | | $ | — | | | $ | 2,349,433 | | Intersegment sales | | 474,819 | | | — | | | 14,229 | | | (489,048) | | | — | | Total sales | | 1,690,248 | | | 982,043 | | | 166,190 | | | (489,048) | | | 2,349,433 | | Cost of sales | | 1,289,247 | | | 449,117 | | | 84,453 | | | (438,117) | | | 1,384,700 | | Gross profit | | 401,001 | | | 532,926 | | | 81,737 | | | (50,931) | | | 964,733 | | SG&A expenses | | 285,786 | | | 371,355 | | | 147,084 | | | (50,931) | | | 753,294 | | Operating income (loss) | | $ | 115,215 | | | $ | 161,571 | | | $ | (65,347) | | | $ | — | | | $ | 211,439 | | | | | | | | | | | | | Interest expense | | | | | | | | | | (536) | | Interest income | | | | | | | | | | 6,670 | | Other income (expense), net | | | | | | | | | | (11,784) | | Income before income taxes | | | | | | | | | | $ | 205,789 | |
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Schedule of Additional Financial Information by Segment |
The following tables present additional financial information by segment and location. | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | | (52 weeks) | | (52 weeks) | | (52 weeks) | (Amounts in thousands) | | 4/26/2025 | | 4/27/2024 | | 4/29/2023 | Depreciation and Amortization | | | | | | | Wholesale segment | | $ | 26,309 | | | $ | 28,189 | | | $ | 23,327 | | Retail segment | | 11,198 | | | 9,632 | | | 7,922 | | Corporate and Other | | 9,160 | | | 10,731 | | | 8,944 | | Consolidated depreciation and amortization | | $ | 46,667 | | | $ | 48,552 | | | $ | 40,193 | | | | | | | | | Capital Expenditures | | | | | | | Wholesale segment | | $ | 31,333 | | | $ | 30,854 | | | $ | 38,491 | | Retail segment | | 36,915 | | | 18,502 | | | 22,285 | | Corporate and Other | | 6,032 | | | 4,195 | | | 8,036 | | Consolidated capital expenditures | | $ | 74,280 | | | $ | 53,551 | | | $ | 68,812 | | | | | | | | | Sales by Country (1) | | | | | | | United States | | 91% | | 90% | | 89% | Canada | | 6% | | 6% | | 6% | Other | | 3% | | 4% | | 5% | Total | | 100% | | 100% | | 100% |
(1)Sales are attributed to countries on the basis of the customer's location.
| | | | | | | | | | | | | | | (Amounts in thousands) | | 4/26/2025 | | 4/27/2024 | Assets | | | | | Wholesale segment | | $ | 662,987 | | | $ | 722,044 | | Retail segment | | 727,178 | | | 650,586 | | Unallocated assets | | 531,997 | | | 540,812 | | Consolidated assets | | $ | 1,922,162 | | | $ | 1,913,442 | | | | | | | Long-Lived Assets by Geographic Location | | | | | Domestic | | $ | 976,220 | | | $ | 911,616 | | International | | 72,591 | | | 94,778 | | Consolidated long-lived assets | | $ | 1,048,811 | | | $ | 1,006,394 | |
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