| Summary of Revenue, Income from Operations and Significant Expenses of Reportable Segments |
The following table sets forth revenue, income from operations, and significant expenses for each of the Company’s reportable segments for the three and nine months ended June 30,
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Three Months Ended June 30, 2026 |
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|
Retail Operations |
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|
Product Manufacturing |
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|
Intersegment Adjustments & Eliminations |
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|
Total |
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|
|
(Amounts in thousands) |
|
Revenue |
|
$ |
609,120 |
|
|
$ |
33,265 |
|
|
$ |
(31,127 |
) |
|
$ |
611,258 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
395,350 |
|
|
|
29,564 |
|
|
|
(31,734 |
) |
|
|
393,180 |
|
Selling, general and administrative expenses |
|
|
176,604 |
|
|
|
4,255 |
|
|
|
- |
|
|
|
180,859 |
|
Income (loss) from operations |
|
$ |
37,166 |
|
|
$ |
(554 |
) |
|
$ |
607 |
|
|
$ |
37,219 |
|
Interest expense |
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|
|
|
|
|
|
|
|
|
|
14,310 |
|
Income before income tax provision |
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|
|
|
|
|
|
|
|
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$ |
22,909 |
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|
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|
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|
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|
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|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
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|
|
Retail Operations |
|
|
Product Manufacturing |
|
|
Intersegment Adjustments & Eliminations |
|
|
Total |
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|
|
(Amounts in thousands) |
|
Revenue |
|
$ |
655,750 |
|
|
$ |
32,150 |
|
|
$ |
(30,741 |
) |
|
$ |
657,159 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
460,107 |
|
|
|
30,916 |
|
|
|
(33,485 |
) |
|
|
457,538 |
|
Selling, general and administrative expenses |
|
|
167,564 |
|
|
|
4,542 |
|
|
|
- |
|
|
|
172,106 |
|
Goodwill impairment (1) |
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|
- |
|
|
|
69,055 |
|
|
|
- |
|
|
|
69,055 |
|
Income (loss) from operations |
|
$ |
28,079 |
|
|
$ |
(72,363 |
) |
|
$ |
2,744 |
|
|
$ |
(41,540 |
) |
Interest expense |
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|
|
|
|
|
|
|
|
|
|
16,936 |
|
(Loss) before income tax provision |
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|
|
|
|
|
|
|
|
|
$ |
(58,476 |
) |
(1) The Company recognized a non-cash, pre-tax goodwill impairment charge of $69.1 million related to the product manufacturing reporting unit and segment during fiscal 2025.
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|
Nine Months Ended June 30, 2026 |
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|
|
Retail Operations |
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|
Product Manufacturing |
|
|
Intersegment Adjustments & Eliminations |
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|
Total |
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|
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(Amounts in thousands) |
|
Revenue |
|
$ |
1,638,865 |
|
|
$ |
78,592 |
|
|
$ |
(73,609 |
) |
|
$ |
1,643,848 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
1,091,264 |
|
|
|
74,354 |
|
|
|
(81,604 |
) |
|
|
1,084,014 |
|
Selling, general and administrative expenses |
|
|
490,866 |
|
|
|
15,991 |
|
|
|
- |
|
|
|
506,857 |
|
Income (loss) from operations |
|
$ |
56,735 |
|
|
$ |
(11,753 |
) |
|
$ |
7,995 |
|
|
$ |
52,977 |
|
Interest expense |
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|
|
|
|
|
|
|
|
|
|
44,825 |
|
Income before income tax provision |
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|
|
|
|
|
|
|
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|
$ |
8,152 |
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|
|
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|
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|
|
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|
Nine Months Ended June 30, 2025 |
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|
|
Retail Operations |
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|
Product Manufacturing |
|
|
Intersegment Adjustments & Eliminations |
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|
Total |
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|
|
(Amounts in thousands) |
|
Revenue |
|
$ |
1,750,439 |
|
|
$ |
105,591 |
|
|
$ |
(98,895 |
) |
|
$ |
1,757,135 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
1,205,651 |
|
|
|
97,065 |
|
|
|
(104,367 |
) |
|
|
1,198,349 |
|
Selling, general and administrative expenses |
|
|
454,517 |
|
|
|
15,041 |
|
|
|
- |
|
|
|
469,558 |
|
Goodwill impairment (1) |
|
|
- |
|
|
|
69,055 |
|
|
|
- |
|
|
|
69,055 |
|
Income (loss) from operations |
|
$ |
90,271 |
|
|
$ |
(75,570 |
) |
|
$ |
5,472 |
|
|
$ |
20,173 |
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
53,860 |
|
(Loss) before income tax provision |
|
|
|
|
|
|
|
|
|
|
$ |
(33,687 |
) |
(1) The Company recognized a non-cash, pre-tax goodwill impairment charge of $69.1 million related to the product manufacturing reporting unit and segment during fiscal 2025.
|
| Summary of Depreciation and Amortization of Reportable Segments |
The following table sets forth depreciation and amortization for each of the Company’s reportable segments for the three and nine months ended June 30,
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Three Months Ended |
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June 30, |
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|
2026 |
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|
2025 |
|
|
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(Amounts in thousands) |
|
Depreciation: |
|
|
|
|
|
|
Retail Operations |
|
$ |
8,459 |
|
|
$ |
8,200 |
|
Product Manufacturing |
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|
1,809 |
|
|
|
1,728 |
|
Depreciation |
|
$ |
10,268 |
|
|
$ |
9,928 |
|
Amortization: |
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|
|
|
|
|
Retail Operations |
|
$ |
2,326 |
|
|
$ |
2,609 |
|
Product Manufacturing |
|
|
- |
|
|
|
- |
|
Amortization |
|
$ |
2,326 |
|
|
$ |
2,609 |
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|
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|
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|
|
|
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Nine Months Ended |
|
|
|
June 30, |
|
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|
2026 |
|
|
2025 |
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|
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(Amounts in thousands) |
|
Depreciation: |
|
|
|
|
|
|
Retail Operations |
|
$ |
25,462 |
|
|
$ |
23,708 |
|
Product Manufacturing |
|
|
5,481 |
|
|
|
5,198 |
|
Depreciation |
|
$ |
30,943 |
|
|
$ |
28,906 |
|
Amortization: |
|
|
|
|
|
|
Retail Operations |
|
$ |
6,945 |
|
|
$ |
7,479 |
|
Product Manufacturing |
|
|
- |
|
|
|
- |
|
Amortization |
|
$ |
6,945 |
|
|
$ |
7,479 |
|
|