| Schedule of Operations by Segment |
A summary of the information about the Company’s operations by segment is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, 2026: |
|
Retail Operations |
|
|
Subscription Operations |
|
|
Wholesale Operations |
|
|
Total Company |
|
Net sales(1) |
|
$ |
1,220,914 |
|
|
$ |
167,264 |
|
|
$ |
93,167 |
|
|
$ |
1,481,345 |
|
Cost of sales(2) |
|
|
760,058 |
|
|
|
119,342 |
|
|
|
59,379 |
|
|
|
938,779 |
|
Segment gross profit |
|
|
460,856 |
|
|
|
47,922 |
|
|
|
33,788 |
|
|
|
542,566 |
|
Segment selling, general and administrative expenses |
|
|
342,277 |
|
|
|
37,840 |
|
|
|
9,765 |
|
|
|
389,882 |
|
Segment income from operations |
|
$ |
118,579 |
|
|
$ |
10,082 |
|
|
$ |
24,023 |
|
|
$ |
152,684 |
|
Less general corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
13,003 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
$ |
139,681 |
|
Other income, net |
|
|
|
|
|
|
|
|
|
|
|
6,185 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
145,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, 2025: |
|
Retail Operations |
|
|
Subscription Operations |
|
|
Wholesale Operations |
|
|
Total Company |
|
Net sales(1) |
|
$ |
1,130,510 |
|
|
$ |
124,354 |
|
|
$ |
74,637 |
|
|
$ |
1,329,501 |
|
Cost of sales(2) |
|
|
701,759 |
|
|
|
89,786 |
|
|
|
48,892 |
|
|
|
840,437 |
|
Segment gross profit |
|
|
428,751 |
|
|
|
34,568 |
|
|
|
25,745 |
|
|
|
489,064 |
|
Segment selling, general and administrative expenses |
|
|
306,121 |
|
|
|
27,552 |
|
|
|
8,712 |
|
|
|
342,385 |
|
Segment income from operations |
|
$ |
122,630 |
|
|
$ |
7,016 |
|
|
$ |
17,033 |
|
|
$ |
146,679 |
|
Less general corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
18,452 |
|
Income from operations |
|
|
|
|
|
|
|
|
|
|
$ |
128,227 |
|
Other income, net |
|
|
|
|
|
|
|
|
|
|
|
9,646 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
137,873 |
|
(1)Eliminated from Wholesale segment net sales were intercompany sales of $2,797 and $2,792 for the three months ended April 30, 2026, and 2025, respectively. (2)Eliminated from Wholesale segment cost of sales were intercompany charges of $2,873 and $2,818 for the three months ended April 30, 2026, and 2025, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 30, |
|
|
January 31, |
|
|
April 30, |
|
|
|
2026 |
|
|
2026 |
|
|
2025 |
|
Inventory |
|
|
|
|
|
|
|
|
|
Retail operations |
|
$ |
665,780 |
|
|
$ |
630,836 |
|
|
$ |
601,983 |
|
Wholesale operations |
|
|
61,078 |
|
|
|
70,109 |
|
|
|
61,820 |
|
Total inventory |
|
$ |
726,858 |
|
|
$ |
700,945 |
|
|
$ |
663,803 |
|
Rental product, net (1) |
|
|
|
|
|
|
|
|
|
Subscription operations |
|
$ |
270,270 |
|
|
$ |
246,413 |
|
|
$ |
222,448 |
|
Property and equipment, net |
|
|
|
|
|
|
|
|
|
Retail operations |
|
$ |
1,342,093 |
|
|
$ |
1,291,541 |
|
|
$ |
1,213,621 |
|
Subscription operations |
|
|
275,696 |
|
|
|
171,704 |
|
|
|
129,805 |
|
Wholesale operations |
|
|
2,981 |
|
|
|
2,991 |
|
|
|
3,131 |
|
Total property and equipment, net |
|
$ |
1,620,770 |
|
|
$ |
1,466,236 |
|
|
$ |
1,346,557 |
|
(1)Rental product, net is included in "Other assets" in the Condensed Consolidated Balance Sheets.
|
| Schedule of Net Sales and Percentage of Net Sales by Merchandise Category |
The following tables summarize net sales and percentage of net sales from contracts with customers by merchandise category and by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
April 30, |
|
|
|
2026 |
|
|
2025 |
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
Apparel |
|
$ |
849,858 |
|
|
|
69 |
% |
|
$ |
783,005 |
|
|
|
69 |
% |
Home |
|
|
153,521 |
|
|
|
13 |
% |
|
|
147,687 |
|
|
|
13 |
% |
Accessories |
|
|
160,023 |
|
|
|
13 |
% |
|
|
146,689 |
|
|
|
13 |
% |
Other |
|
|
57,512 |
|
|
|
5 |
% |
|
|
53,129 |
|
|
|
5 |
% |
Retail operations |
|
|
1,220,914 |
|
|
|
100 |
% |
|
|
1,130,510 |
|
|
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subscription operations |
|
|
167,264 |
|
|
|
|
|
|
124,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apparel |
|
|
88,251 |
|
|
|
95 |
% |
|
|
67,615 |
|
|
|
91 |
% |
Accessories |
|
|
4,617 |
|
|
|
5 |
% |
|
|
6,772 |
|
|
|
9 |
% |
Other |
|
|
299 |
|
|
|
0 |
% |
|
|
250 |
|
|
|
0 |
% |
Wholesale operations (1) |
|
|
93,167 |
|
|
|
100 |
% |
|
|
74,637 |
|
|
|
100 |
% |
Total net sales |
|
$ |
1,481,345 |
|
|
|
|
|
$ |
1,329,501 |
|
|
|
|
(1)Net of intersegment elimination.
|
| Schedule of Revenues and Long-Lived Assets, by Domestic and Foreign Operations Segment |
The Company has foreign operations primarily in Europe and Canada. Revenues and long-lived assets, based upon the Company’s domestic and foreign operations, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 30, |
|
|
January 31, |
|
|
April 30, |
|
|
|
2026 |
|
|
2026 |
|
|
2025 |
|
Property and equipment, net |
|
|
|
|
|
|
|
|
|
Domestic operations |
|
$ |
1,459,372 |
|
|
$ |
1,303,937 |
|
|
$ |
1,193,445 |
|
Foreign operations |
|
|
161,398 |
|
|
|
162,299 |
|
|
|
153,112 |
|
Total property and equipment, net |
|
$ |
1,620,770 |
|
|
$ |
1,466,236 |
|
|
$ |
1,346,557 |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
April 30, |
|
|
|
2026 |
|
|
2025 |
|
Net Sales |
|
|
|
|
|
|
Domestic operations |
|
$ |
1,296,902 |
|
|
$ |
1,172,150 |
|
Foreign operations |
|
|
184,443 |
|
|
|
157,351 |
|
Total net sales |
|
$ |
1,481,345 |
|
|
$ |
1,329,501 |
|
|