v3.25.2
Segment Reporting
 6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
Segment Reporting

11. Segment Reporting

 

We identify our operating segments according to how our business activities are managed and evaluated. As of August 2, 2025, our operating segments included our United States operations, Canadian operations, European operations, and Australian operations. Our operating segments have been aggregated and are reported as one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. We continually monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments.

We identified our CEO as our CODM as the CEO allocates resources and evaluates the performance of our operating segments based on our key performance indicators as outlined in Part I Item 2 of this Form 10-Q.

The CODM uses these measures to monitor trends in year over year performance comparisons, sequential quarter performance comparisons, compare actual results to forecasts and to make investment decisions.

The following table is a summary of significant segment expenses and results of operations:

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

August 2, 2025

 

 

 

August 3, 2024

 

 

 

August 2, 2025

 

 

 

August 3, 2024

 

Net sales

 

$

 

214,275

 

 

$

 

210,179

 

 

$

 

398,618

 

 

$

 

387,567

 

Product COGS (1)

 

 

 

90,219

 

 

 

 

89,780

 

 

 

 

170,895

 

 

 

 

167,379

 

Other COGS (2)

 

 

 

48,038

 

 

 

 

48,605

 

 

 

 

96,390

 

 

 

 

96,495

 

Gross profit

 

 

 

76,018

 

 

 

 

71,794

 

 

 

 

131,333

 

 

 

 

123,693

 

Store SG&A (3)

 

 

 

53,994

 

 

 

 

53,781

 

 

 

 

105,721

 

 

 

 

104,981

 

Corporate SG&A (4)

 

 

 

21,917

 

 

 

 

18,406

 

 

 

 

45,377

 

 

 

 

39,259

 

Operating profit (loss)

 

$

 

107

 

 

$

 

(393

)

 

$

 

(19,765

)

 

$

 

(20,547

)

 

(1)
Product COGS consists of branded merchandise costs and our private label merchandise costs including design, sourcing, importing, and inbound freight costs.
(2)
Other COGS consists of buying, occupancy, ecommerce fulfillment, distribution and warehousing costs (including associated depreciation) freight costs for store merchandise transfers, inventory shrinkage and impairment of operating lease right-of-use-assets.
(3)
Store SG&A consists of store personnel wages and benefits, freight costs for merchandise shipments from the distribution centers to the stores, store supplies, store depreciation, the cost of our website and supporting teams, and other costs allocated to the operations of our stores.
(4)
Corporate SG&A consists of administrative staff wages and benefits, information technology expenses, depreciation on fixed assets at the home office, facility expenses, impairment costs, training expenses, advertising and marketing costs.