| Schedule of Segment Information |
The following table summarizes the Company’s gross margin and selling, general and administrative expenses.
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Three Months Ended |
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|
|
May 3, 2026 |
|
|
May 4, 2025 |
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|
(13 weeks) |
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|
(13 weeks) |
|
(in thousands) |
|
|
|
|
|
|
Net sales |
|
$ |
98,594 |
|
|
$ |
102,704 |
|
Cost of goods sold |
|
|
41,960 |
|
|
|
49,349 |
|
Gross margin |
|
$ |
56,634 |
|
|
$ |
53,355 |
|
Less: |
|
|
|
|
|
|
Outbound shipping expenses |
|
$ |
5,302 |
|
|
$ |
6,186 |
|
Advertising expenses |
|
|
9,426 |
|
|
|
10,076 |
|
Variable expenses |
|
|
9,849 |
|
|
|
10,886 |
|
Overhead expenses |
|
|
37,225 |
|
|
|
38,010 |
|
Total selling, general and administrative |
|
|
61,802 |
|
|
|
65,158 |
|
Impairment of long-lived assets |
|
|
2,709 |
|
|
|
549 |
|
Restructuring expense |
|
|
1,354 |
|
|
|
— |
|
Operating loss |
|
|
(9,231 |
) |
|
|
(12,352 |
) |
Interest expense |
|
|
790 |
|
|
|
1,481 |
|
Other (loss) income, net |
|
|
93 |
|
|
|
(161 |
) |
Loss before income taxes |
|
|
(9,928 |
) |
|
|
(13,994 |
) |
Income tax expense |
|
|
120 |
|
|
|
1,270 |
|
Net loss |
|
|
(10,048 |
) |
|
|
(15,264 |
) |
Less: Net income attributable to noncontrolling interest |
|
|
53 |
|
|
|
29 |
|
Net loss attributable to controlling interest |
|
$ |
(10,101 |
) |
|
$ |
(15,293 |
) |
|