v3.25.2
Segment Reporting (Tables)
3 Months Ended
Jun. 28, 2025
Segment Reporting  
Schedule of segment revenue, segment profit or loss, and significant expenses

The following table presents information about our segment revenue, segment profit or loss, and significant expenses (in thousands):

Thirteen Weeks Ended

June 28,

June 29,

(In thousands)

2025

    

2024

Net Sales

$

504,067

$

423,386

Less:

Merchandise cost of goods sold1

241,667

210,544

Buying, occupancy, and distribution center expenses2

65,179

56,093

Gross profit

197,221

156,749

Selling expenses3

92,142

74,750

Other general and administrative expenses4

34,359

31,777

Income from operations

70,720

50,222

Other segment expenses5

17,312

11,313

Net income

$

53,408

$

38,909

1 Merchandise cost of goods sold includes the cost of merchandise, inbound and outbound freight, obsolescence and shrinkage provisions, supplier allowances, and inventory acquisition-related costs.

2 Buying, occupancy, and distribution center expenses include store and distribution center occupancy costs (including rent, depreciation, and utilities), occupancy-related taxes, and compensation costs for merchandise purchasing, exclusive brand design and development, and distribution center personnel. Consolidated depreciation expense was $17.5 million and $14.3 million for the thirteen weeks ended June 28, 2025 and June 29, 2024, respectively.

3 Selling expenses include all store-level salaries and hourly labor costs, store overhead, and other operating costs, including advertising, pay-per-click, marketing campaigns, operating supplies, repairs and maintenance, credit card fees, and costs of third-party services.

4 Includes corporate compensation and benefits, travel expenses, corporate occupancy costs, stock-based compensation costs, legal and professional fees, insurance, and other related corporate costs.

5 Includes interest expense, other income/(loss), and income tax expense.

Schedule of disaggregated revenue

The Company disaggregates net sales into the following major merchandise categories:

    

Thirteen Weeks Ended

% of Net Sales

    

June 28, 2025

June 29, 2024

Footwear

    

48

%

49

%

Apparel

35

%

34

%

Hats, accessories and other

17

%

17

%

Total

100

%

100

%

The Company further disaggregates net sales between stores and e-commerce:

    

Thirteen Weeks Ended

% of Net Sales

    

June 28, 2025

June 29, 2024

Stores

    

91

%

91

%

E-commerce

9

%

9

%

Total

100

%

100

%