| Revenue |
10. REVENUE The Company’s revenue primarily consists of the sale of apparel, footwear and hard goods. Sales disaggregated based upon sales channel is presented below.
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Three Months Ended |
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|
Six Months Ended |
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|
|
August 2, 2026 |
|
|
August 3, 2025 |
|
|
August 2, 2026 |
|
|
August 3, 2025 |
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
Direct-to-consumer |
|
$ |
70,058 |
|
|
$ |
79,135 |
|
|
$ |
127,191 |
|
|
$ |
141,687 |
|
Stores |
|
|
51,331 |
|
|
|
52,581 |
|
|
|
92,792 |
|
|
|
92,733 |
|
|
|
$ |
121,389 |
|
|
$ |
131,716 |
|
|
$ |
219,983 |
|
|
$ |
234,420 |
|
Contract Assets and Liabilities Contract assets and liabilities on the Company’s consolidated balance sheets are presented in the following table:
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|
August 2, 2026 |
|
|
February 1, 2026 |
|
(in thousands) |
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|
|
|
|
Contract assets |
|
$ |
1,393 |
|
|
$ |
2,020 |
|
Contract liabilities |
|
$ |
7,344 |
|
|
$ |
9,192 |
|
The following table provides the reconciliation of the contract liability related to gift cards for the six months ended:
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|
|
August 2, 2026 |
|
|
August 3, 2025 |
|
(in thousands) |
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|
|
|
|
|
Balance as of beginning of period |
|
$ |
9,192 |
|
|
$ |
9,782 |
|
Gift cards sold |
|
|
4,553 |
|
|
|
5,318 |
|
Gift cards redeemed |
|
|
(6,215 |
) |
|
|
(7,240 |
) |
Gift card breakage |
|
|
(186 |
) |
|
|
(145 |
) |
Balance as of end of period |
|
$ |
7,344 |
|
|
$ |
7,715 |
|
|