| Schedule of Segment Information |
The following table summarizes the Company’s gross margin and selling, general and administrative expenses.
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Three Months Ended |
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Six Months Ended |
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August 2, 2026 |
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August 3, 2025 |
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August 2, 2026 |
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August 3, 2025 |
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(13 weeks) |
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(13 weeks) |
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(26 weeks) |
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(26 weeks) |
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(in thousands) |
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Net sales |
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$ |
121,389 |
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$ |
131,716 |
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$ |
219,983 |
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$ |
234,420 |
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Cost of goods sold (1) |
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33,028 |
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59,697 |
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74,988 |
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109,046 |
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Gross margin |
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$ |
88,361 |
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$ |
72,019 |
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$ |
144,995 |
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$ |
125,374 |
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Less: |
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Outbound shipping expenses |
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$ |
6,517 |
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$ |
5,976 |
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$ |
11,819 |
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$ |
12,162 |
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Advertising expenses |
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13,270 |
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11,756 |
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22,696 |
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21,832 |
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Variable expenses |
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10,704 |
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11,900 |
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20,553 |
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22,786 |
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Overhead expenses |
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39,024 |
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39,135 |
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76,249 |
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|
77,145 |
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Total selling, general and administrative |
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69,515 |
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68,767 |
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131,317 |
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133,925 |
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Impairment of long-lived assets |
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— |
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— |
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2,709 |
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549 |
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Restructuring expense |
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— |
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|
850 |
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1,354 |
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|
850 |
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Operating income (loss) |
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18,846 |
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2,402 |
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9,615 |
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(9,950 |
) |
Interest expense |
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768 |
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1,469 |
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1,558 |
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2,950 |
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Other income (loss), net (1) |
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396 |
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(82 |
) |
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489 |
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(243 |
) |
Income (loss) before income taxes |
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18,474 |
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|
851 |
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8,546 |
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(13,143 |
) |
Income tax expense (benefit) |
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61 |
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(442 |
) |
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181 |
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|
828 |
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Net income (loss) |
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18,413 |
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1,293 |
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8,365 |
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(13,971 |
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Less: Net income attributable to noncontrolling interest |
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51 |
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32 |
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104 |
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61 |
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Net income (loss) attributable to controlling interest |
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$ |
18,362 |
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$ |
1,261 |
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$ |
8,261 |
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$ |
(14,032 |
) |
(1) Cost of goods sold includes a reduction of $16.0 million and other (loss) income, net includes interest income of $0.4 million for the three and six months ended August 2, 2026 related to IEEPA tariff refunds as further discussed in Note 1.
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