Operating Segments (Tables)

6 Months Ended

Aug. 02, 2025

Schedule of Financial Information by Operating Group

The table below presents certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	Second Quarter				First Half
	Fiscal 2025		Fiscal 2024		Fiscal 2025		Fiscal 2024
Tommy Bahama
Net sales	$	229,003	$	245,079	$	445,178	$	470,696
Costs of goods sold	90,052		94,385		166,502		171,694
Gross profit	$	138,951	$	150,694	$	278,676	$	299,002
Operating costs:
Variable and distribution costs	13,652		14,626		26,952		28,517
Advertising costs	10,199		11,330		20,346		19,469
Employment costs	47,278		46,217		94,565		93,707
Occupancy costs	23,508		22,289		46,286		43,924
Depreciation and amortization	7,644		7,004		15,221		14,197
Other segment items (1)	9,998		8,293		17,887		15,614
Tommy Bahama operating income	$	26,672	$	40,935	$	57,419	$	83,574
Lilly Pulitzer
Net sales	$	90,268	$	91,689	$	189,310	$	180,110
Costs of goods sold	31,275		29,550		65,388		58,692
Gross profit	$	58,993	$	62,139	$	123,922	$	121,418
Operating costs:
Variable and distribution costs	5,606		5,313		11,654		10,198
Advertising costs	8,377		10,078		16,902		19,357
Employment costs	13,957		13,349		27,616		27,188
Occupancy costs	5,932		5,221		11,375		10,332
Depreciation and amortization	4,576		4,724		9,491		9,318
Other segment items (1)	7,333		6,527		15,535		12,554
Lilly Pulitzer operating income	$	13,212	$	16,927	$	31,349	$	32,471
Johnny Was
Net sales	$	45,415	$	50,280	$	88,888	$	101,492
Costs of goods sold	17,275		16,851		32,630		34,814
Gross profit	$	28,140	$	33,429	$	56,258	$	66,678
Operating costs:
Variable and distribution costs	2,364		3,533		4,515		6,566
Advertising costs	6,499		7,381		12,033		13,735
Employment costs	10,023		9,850		20,284		19,404
Occupancy costs	5,127		5,549		10,516		10,894
Depreciation and amortization	3,188		4,037		6,569		8,043
Other segment items (1)	5,407		4,735		10,219		9,359
Johnny Was operating loss	$	(4,468)	$	(1,656)	$	(7,878)	$	(1,323)
Emerging Brands
Net sales	$	38,530	$	32,929	$	72,778	$	65,931
Costs of goods sold	15,744		13,199		29,678		26,673
Gross profit	$	22,786	$	19,730	$	43,100	$	39,258


Operating costs:
Variable and distribution costs	2,925		2,535		5,372		4,893
Advertising costs	3,331		2,948		6,479		5,674
Employment costs	7,042		6,241		13,619		11,933
Occupancy costs	2,087		1,478		3,955		2,740
Depreciation and amortization	1,036		663		1,981		1,277
Other segment items (1)	3,391		3,052		6,814		6,130
Emerging Brands operating income	$	2,974	$	2,813	$	4,880	$	6,611
Corporate
Net sales	$	(73)	$	(91)	$	(150)	$	(159)
Cost of goods sold (2)	1,172		890		1,895		2,825
Gross profit	$	(1,245)	$	(981)	$	(2,045)	$	(2,984)
Depreciation and amortization	141		122		287		256
Unallocated Corporate costs and income (3)	11,593		5,406		21,821		13,132
Corporate operating loss	$	(12,979)	$	(6,509)	$	(24,153)	$	(16,372)
Consolidated Operating income	$	25,411	$	52,510	$	61,617	$	104,961
Interest expense, net	1,548		89		3,274		963
Earnings before income taxes	$	23,863	$	52,421	$	58,343	$	103,998

(1)For all reporting units, other segment items primarily consists of software costs, professional services costs, other selling, general, and administrative costs and royalties and other income.

(2)Cost of goods sold for Corporate and Other included a LIFO accounting charge of $1 million in the Second Quarter of Fiscal 2025 and the Second Quarter of Fiscal 2024 and a charge of $1 million in the First Half of Fiscal 2025 and $3 million in the First Half of Fiscal 2024.

(3)Unallocated Corporate costs for Corporate and Other primarily consists of unallocated employment and other overhead expenses.

The tables below present certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	First Half
	Fiscal 2025		Fiscal 2024
Purchases of Property and Equipment
Tommy Bahama	$	18,350	$	17,283
Lilly Pulitzer	4,456		4,045
Johnny Was	712		2,219
Emerging Brands	2,881		4,868
Corporate and Other	28,205		25,113
Purchases of Property and Equipment	$	54,604	$	53,528


	August 2, 2025		February 1, 2025		August 3, 2024
Assets
Tommy Bahama (1)	$	676,133	$	681,730	$	586,068
Lilly Pulitzer (2)	205,203		205,398		198,507
Johnny Was (3)	222,600		235,558		244,361
Emerging Brands (4)	131,469		121,574		111,946
Corporate and Other (5)	88,991		45,545		31,640
Consolidated Total Assets	$	1,324,396	$	1,289,805	$	1,172,522

(1)Increase in Tommy Bahama total assets from August 3, 2024, relates primarily to an increase in operating lease assets, inventories and property and equipment.

(2)Increase in Lilly Pulitzer total assets from August 3, 2024, includes increases in software related assets, intangible assets related to the acquisition of intellectual property rights in the Fourth Quarter of Fiscal 2024 and inventories.

(3)Decrease in Johnny Was total assets from August 3, 2024, relates primarily to the amortization of acquired intangible assets and a decrease in operating lease assets.

(4)Increase in Emerging Brands total assets from August 3, 2024, relates primarily to an increase in inventories and property and equipment.

(5)Increase in Corporate and Other total assets from August 3, 2024, relates primarily to an increase in property and equipment primarily related to the new distribution center project in Lyons, Georgia.

Schedule of Net Sale by Geographic Area

Net sales by geographic area are presented in the table below (in thousands). The other foreign amounts primarily relate to our Tommy Bahama operations in Canada and Australia.


	Second Quarter				First Half
	Fiscal 2025		Fiscal 2024		Fiscal 2025		Fiscal 2024
Net Sales
United States	$	394,183	$	410,193	$	779,342	$	799,459
Other foreign	8,960		9,693		16,662		18,611
	$	403,143	$	419,886	$	796,004	$	818,070

Schedule of Net Sales by Operating Group

The tables below quantify net sales, for each reportable segment, as well as Corporate and Other, and in total (in thousands), and the percentage of net sales by distribution channel for each reportable segment, as well as Corporate and Other, and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding.


	Second Quarter Fiscal 2025
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	229,003	45%	29%	13%	13%	—%
Lilly Pulitzer	90,268		37%	48%	—%	15%	—%
Johnny Was	45,415		38%	46%	—%	16%	—%
Emerging Brands	38,530		23%	49%	—%	28%	—%
Corporate and Other	(73)		—%	—%	—%	—%	NM %
Total	$	403,143	41%	37%	7%	15%	—%


	Second Quarter Fiscal 2024
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	245,079	45%	29%	12%	14%	—%
Lilly Pulitzer	91,689		39%	44%	—%	17%	—%
Johnny Was	50,280		40%	45%	—%	15%	—%
Emerging Brands	32,929		20%	53%	—%	27%	—%
Corporate and Other	(91)		—%	—%	—%	—%	NM %
Total	$	419,886	41%	36%	7%	16%	—%


	First Half Fiscal 2025
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	445,178	45%	24%	14%	17%	—%
Lilly Pulitzer	189,310		36%	45%	—%	19%	—%
Johnny Was	88,888		38%	42%	—%	20%	—%
Emerging Brands	72,778		21%	44%	—%	35%	—%
Corporate and Other	(150)		—%	—%	—%	—%	NM %
Total	$	796,004	40%	33%	8%	19%	—%


	First Half Fiscal 2024
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	470,696	45%	25%	14%	16%	—%
Lilly Pulitzer	180,110		37%	45%	—%	18%	—%
Johnny Was	101,492		39%	42%	—%	19%	—%
Emerging Brands	65,931		17%	45%	—%	38%	—%
Corporate and Other	(159)		—%	—%	—%	—%	NM %
Total	$	818,070	40%	33%	8%	19%	—%