
	Fiscal quarter ended July 4, 2026
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Net sales	$	304,677	$	215,552	$	95,261	$	615,490
Cost of goods sold(1)	123,769		158,647		48,143		330,559
Selling expenses(2)	124,464		2,431		28,052		154,947
Distribution expenses(3)	17,020		14,512		5,397		36,929
Other segment items(4)	35,171		10,221		8,259		53,651
Segment operating income	$	4,253	$	29,741	$	5,410	$	39,404

(3)Distribution expenses include payments to third-party shippers and handling costs to process product through our distribution facilities, including eCommerce fulfillment costs, and delivery to our wholesale customers and to our retail stores.

(4)Other segment items include royalty income and overhead costs that are attributable to our reportable segments and include allocated accounting, finance, human resources, and information technology expenses, occupancy costs, and other benefit and compensation programs, including performance-based compensation.


	Two fiscal quarters ended July 4, 2026
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Net sales	$	636,925	$	466,959	$	192,719	$	1,296,603
Cost of goods sold	268,302		350,382		99,116		717,800
Selling expenses	250,618		4,839		56,200		311,657
Distribution expenses	37,322		28,916		11,585		77,823
Other segment items	67,393		16,296		16,249		99,938
Segment operating income	$	13,290	$	66,526	$	9,569	$	89,385


	Fiscal quarter ended June 28, 2025
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Net sales	$	299,549	$	192,998	$	92,766	$	585,313
Cost of goods sold	116,495		138,068		48,990		303,553
Selling expenses	127,246		2,420		26,227		155,893
Distribution expenses	18,210		15,184		5,022		38,416
Other segment items	33,830		10,264		8,920		53,014
Segment operating income	$	3,768	$	27,062	$	3,607	$	34,437


	Two fiscal quarters ended June 28, 2025
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Net sales	$	593,980	$	443,094	$	178,065	$	1,215,139
Cost of goods sold	237,144		308,676		96,469		642,289
Selling expenses	248,768		4,810		50,481		304,059
Distribution expenses	37,460		30,411		11,138		79,009
Other segment items	64,532		16,825		16,586		97,943
Segment operating income	$	6,076	$	82,372	$	3,391	$	91,839


	Fiscal quarter ended				Two fiscal quarters ended
	July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025
Total segment operating income	$	39,404	$	34,437	$	89,385	$	91,839
Items not included in segment operating income:
Tariff refund recovery(1)	127,669		—		127,669		—
Unallocated corporate expenses(2)	(21,304)		(22,687)		(42,842)		(44,699)
Leadership transition costs(3)	(4,726)		(1,068)		(4,726)		(7,194)
IP litigation costs(4)	(1,217)		—		(1,217)		—
Operating model improvement costs(5)	—		(6,638)		—		(9,800)
Consolidated operating income	$	139,826	$	4,044	$	168,269	$	30,146
Interest expense	11,312		7,857		23,069		15,676
Interest income	(8,483)		(4,292)		(11,739)		(7,434)
Other expense (income), net	352		(1,224)		438		(1,148)
Income before income taxes	$	136,645	$	1,703	$	156,501	$	23,052

(1)Related to $128 million of IEEPA tariff recoveries, excluding interest received, which are reflected as a reduction of Cost of goods sold in our condensed consolidated statement of operations.

(2)Unallocated corporate expenses include corporate overhead expenses that are not directly attributable to one of our business segments and include unallocated accounting, finance, legal, human resources, and information technology expenses, occupancy costs for our corporate headquarters, and other benefit and compensation programs, including performance-based compensation.

(3)Related to costs associated with the retirement of Michael D. Casey, the Company’s former Chief Executive Officer, in the first quarter of fiscal 2025 and costs related to the departure of Douglas C. Palladini, the Company’s former Chief Executive Officer, in the second quarter of fiscal 2026. Amounts are reflected within Selling, general, and administrative expenses in our condensed consolidated statement of operations.

(4)Reflects third-party legal defense costs incurred in connection with a specific intellectual property litigation matter not in the ordinary course of business described in Note 15, Commitments and Contingencies to the condensed consolidated financial statements. Amounts are reflected within Selling, general, and administrative expenses in our condensed consolidated statement of operations.

(5)Primarily related to third-party consulting costs to support operating model improvements. Amounts are reflected within Selling, general, and administrative expenses in our condensed consolidated statement of operations.