v3.26.1
Segment Reporting and Entity-Wide Information
 3 Months Ended
May 02, 2026
Segment Reporting and Entity-Wide Information [Abstract]  
Segment Reporting and Entity-Wide Information
(11)
Segment Reporting and Entity-Wide Information

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment and one reportable segment. The Company’s chief operating decision maker (the “CODM”) is the Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level, for purposes of assessing performance and allocating resources.
 
The CODM uses net income to allocate resources for the single segment to make decisions regarding annual budget, new store openings, landlord and vendor negotiations, marketing decisions, pursuing new business ventures, and driving the Company’s values. The CODM reviews asset information on a consolidated basis.
 
The following table summarizes the percentage of net sales by each product group for each period presented:
 
   
Thirteen weeks ended
  
   
May 2,
2026
    
May 3,
2025
  
   
(in thousands)
  
Consumables
  
$
226,947
    
34.4
%
  
$
188,910
    
32.8
%
Home
    
187,493
    
28.5
%
    
172,672
    
29.9
%
Seasonal
    
118,004
    
17.9
%
    
102,483
    
17.8
%
Other
    
126,484
    
19.2
%
    
112,702
    
19.5
%
Total
  
$
658,928
    
100.0
%
  
$
576,767
    
100.0
%
Our single segment net sales, net income, and significant expenses are as follows for the thirteen weeks ended May 2, 2026 and May 3, 2025:
 
   
May 2,
2026
   
May 3,
2025
  
Net sales
  
$
658,928
    
$
576,767
  
Cost of sales
    
382,964
      
339,736
  
Selling, general, and administrative expenses other
    
128,084
      
112,522
  
Occupancy
    
38,349
      
33,430
  
Advertising expenses(1)
    
18,848
      
15,716
  
Depreciation and amortization expenses(2)
    
11,283
      
9,357
  
Stock-based compensation expense
    
3,401
      
3,164
  
Pre-opening expenses
    
6,442
      
6,656
  
Interest income, net
    
(4,966
)
    
(4,788
)
Income tax expense
    
18,123
      
13,414
  
Segment income
    
56,400
      
47,560
  
                 
Reconciliation of profit or loss:
                
Adjustments and reconciling items
    
-
      
-
  
Consolidated net income
  
$
56,400
    
$
47,560
  
 
  (1)
Expenses reported in operating expenses excludes advertising expenses recorded in pre-opening.

(2)
Expenses reported in operating expenses excludes depreciation and amortization recorded in cost of sales.