Segment Reporting (Tables)
|
6 Months Ended |
Jul. 31, 2026 |
|---|
| Segment Reporting [Abstract] |
|
| Summary of Reportable Segment Sales and Expenses |
The following presents U.S. Digital segment sales and expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
|
13 Weeks Ended |
|
|
|
July 31, 2026 |
|
|
August 1, 2025 |
|
(in thousands) |
|
Segment |
|
Total |
|
|
Segment |
|
Total |
|
Net revenue |
|
$ |
268,898 |
|
$ |
268,898 |
|
|
$ |
255,254 |
|
$ |
255,254 |
|
All other net revenue (1) |
|
|
|
|
33,140 |
|
|
|
|
|
38,825 |
|
Total consolidated net revenue |
|
|
|
$ |
302,038 |
|
|
|
|
$ |
294,079 |
|
Product cost of goods sold |
|
|
110,620 |
|
|
|
|
|
100,484 |
|
|
|
Shipping cost of goods sold |
|
|
34,888 |
|
|
|
|
|
33,096 |
|
|
|
Other cost of goods sold (2) |
|
|
(19,020 |
) |
|
|
|
|
(134 |
) |
|
|
Marketing costs |
|
|
46,008 |
|
|
|
|
|
43,283 |
|
|
|
Variable personnel costs |
|
|
16,185 |
|
|
|
|
|
14,631 |
|
|
|
Other segment expenses (3) |
|
|
8,816 |
|
|
|
|
|
7,204 |
|
|
|
Segment variable profit |
|
$ |
71,401 |
|
|
|
|
$ |
56,690 |
|
|
|
(1)All other net revenue is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds (2)Other cost of goods sold includes royalty expense, tariff recovery, donations and other miscellaneous cost of goods sold (3)Other segment expenses include credit card fees, customer service, webhosting, supplies and other miscellaneous expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended |
|
|
26 Weeks Ended |
|
|
|
July 31, 2026 |
|
|
August 1, 2025 |
|
(in thousands) |
|
Segment |
|
Total |
|
|
Segment |
|
Total |
|
Net revenue |
|
$ |
474,021 |
|
$ |
474,021 |
|
|
$ |
483,006 |
|
$ |
483,006 |
|
All other net revenue (1) |
|
|
|
|
66,933 |
|
|
|
|
|
72,281 |
|
Total consolidated net revenue |
|
|
|
$ |
540,954 |
|
|
|
|
$ |
555,287 |
|
Product cost of goods sold |
|
|
187,146 |
|
|
|
|
|
184,085 |
|
|
|
Shipping cost of goods sold |
|
|
64,370 |
|
|
|
|
|
60,799 |
|
|
|
Other cost of goods sold (2) |
|
|
(13,781 |
) |
|
|
|
|
1,352 |
|
|
|
Marketing costs |
|
|
85,511 |
|
|
|
|
|
83,216 |
|
|
|
Variable personnel costs |
|
|
30,278 |
|
|
|
|
|
30,201 |
|
|
|
Other segment expenses (3) |
|
|
15,023 |
|
|
|
|
|
13,769 |
|
|
|
Segment variable profit |
|
$ |
105,474 |
|
|
|
|
$ |
109,584 |
|
|
|
(1)All other net revenue is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds (2)Other cost of goods sold includes royalty expense, tariff recovery, donations and other miscellaneous cost of goods sold (3)Other segment expenses include credit card fees, customer service, webhosting, supplies and other miscellaneous expenses
|
| Summary of Reconciliation Between Reportable Segment Variable Profit to Consolidated Operating Income (Loss) |
The reconciliation between segment variable profit to consolidated income (loss) before income taxes is as follows:
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
|
13 Weeks Ended |
|
(in thousands) |
|
July 31, 2026 |
|
|
August 1, 2025 |
|
Segment variable profit |
|
$ |
71,401 |
|
|
$ |
56,690 |
|
All other variable profit (1) |
|
|
2,260 |
|
|
|
8,306 |
|
Depreciation expense |
|
|
(6,147 |
) |
|
|
(7,656 |
) |
Unallocated corporate expenses (2) |
|
|
(59,327 |
) |
|
|
(53,357 |
) |
Interest expense |
|
|
(1,021 |
) |
|
|
(9,262 |
) |
Other income, net |
|
|
1,051 |
|
|
|
3 |
|
Income (loss) before income taxes |
|
$ |
8,217 |
|
|
$ |
(5,276 |
) |
(1)All other variable profit is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds (2)Unallocated corporate expenses include fixed personnel costs, strategic alternative costs, incentive compensation, office occupancy, information technology and professional fees
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended |
|
|
26 Weeks Ended |
|
(in thousands) |
|
July 31, 2026 |
|
|
August 1, 2025 |
|
Segment variable profit |
|
$ |
105,474 |
|
|
$ |
109,584 |
|
All other variable profit (1) |
|
|
7,238 |
|
|
|
14,151 |
|
Depreciation expense |
|
|
(12,247 |
) |
|
|
(15,947 |
) |
Unallocated corporate expenses (2) |
|
|
(136,386 |
) |
|
|
(106,175 |
) |
Gain on WHP Transaction |
|
|
491,622 |
|
|
|
— |
|
Loss on extinguishment of debt |
|
|
(9,172 |
) |
|
|
— |
|
Interest expense |
|
|
(6,535 |
) |
|
|
(18,527 |
) |
Other income, net |
|
|
915 |
|
|
|
14 |
|
Income (loss) before income taxes |
|
$ |
440,909 |
|
|
$ |
(16,900 |
) |
(1)All other variable profit is from Europe eCommerce, Licensing and Retail that does not meet the quantitative thresholds (2)Unallocated corporate expenses include fixed personnel costs, strategic alternative costs, incentive compensation, office occupancy, information technology and professional fees
|
| Summary of Net Revenue by Distribution Channel |
Net revenue is presented by distribution channel in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
% of Net |
|
|
13 Weeks Ended |
|
% of Net |
|
(in thousands) |
|
July 31, 2026 |
|
Revenue |
|
|
August 1, 2025 |
|
Revenue |
|
Net revenue: |
|
|
|
|
|
|
|
|
|
|
U.S. eCommerce |
|
$ |
182,400 |
|
|
60.4 |
% |
|
$ |
167,268 |
|
|
56.9 |
% |
Outfitters |
|
|
69,318 |
|
|
23.0 |
% |
|
|
66,424 |
|
|
22.6 |
% |
Third Party |
|
|
17,180 |
|
|
5.7 |
% |
|
|
21,562 |
|
|
7.3 |
% |
Total U.S. Digital Segment Revenue |
|
|
268,898 |
|
|
|
|
|
255,254 |
|
|
|
Europe eCommerce |
|
|
19,739 |
|
|
6.5 |
% |
|
|
19,639 |
|
|
6.7 |
% |
Licensing and Retail |
|
|
13,401 |
|
|
4.4 |
% |
|
|
19,186 |
|
|
6.5 |
% |
Total Net revenue |
|
$ |
302,038 |
|
|
|
|
$ |
294,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended |
|
% of Net |
|
|
26 Weeks Ended |
|
% of Net |
|
(in thousands) |
|
July 31, 2026 |
|
Revenue |
|
|
August 1, 2025 |
|
Revenue |
|
Net revenue: |
|
|
|
|
|
|
|
|
|
|
U.S. eCommerce |
|
$ |
335,739 |
|
|
62.1 |
% |
|
$ |
338,016 |
|
|
60.9 |
% |
Outfitters |
|
|
107,811 |
|
|
19.9 |
% |
|
|
109,346 |
|
|
19.7 |
% |
Third Party |
|
|
30,471 |
|
|
5.6 |
% |
|
|
35,644 |
|
|
6.4 |
% |
Total U.S. Digital Segment Revenue |
|
|
474,021 |
|
|
|
|
|
483,006 |
|
|
|
Europe eCommerce |
|
|
40,266 |
|
|
7.5 |
% |
|
|
37,490 |
|
|
6.7 |
% |
Licensing and Retail |
|
|
26,667 |
|
|
4.9 |
% |
|
|
34,791 |
|
|
6.3 |
% |
Total Net revenue |
|
$ |
540,954 |
|
|
|
|
$ |
555,287 |
|
|
|
|