v3.26.1
Operating Segments (Tables)
 6 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Operating Group
The table below presents certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.
Second QuarterFirst Half
Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025
Tommy Bahama
Net sales$230,942 $229,003 $455,578 $445,178 
Cost of goods sold68,522 90,052 145,629 166,502 
Gross profit$162,420 $138,951 $309,949 $278,676 
Operating costs:
Variable and distribution costs14,009 13,652 28,308 26,952 
Advertising costs12,399 10,199 23,073 20,346 
Employment costs48,954 47,278 98,049 94,565 
Occupancy costs24,870 23,508 49,246 46,286 
Other segment items (1)
10,912 9,998 19,879 17,887 
Tommy Bahama Segment EBITDA$51,276 $34,316 $91,394 $72,640 
Lilly Pulitzer
Net sales$85,194 $90,268 $175,567 $189,310 
Cost of goods sold18,709 31,275 53,799 65,388 
Gross profit$66,485 $58,993 $121,768 $123,922 
Operating costs:
Variable and distribution costs5,210 5,606 10,589 11,654 
Advertising costs8,549 8,377 17,203 16,902 
Employment costs13,765 13,957 27,375 27,616 
Occupancy costs5,942 5,932 11,040 11,375 
Other segment items (1)
8,046 7,333 15,581 15,535 
Lilly Pulitzer Segment EBITDA$24,973 $17,788 $39,980 $40,840 
Johnny Was
Net sales$41,404 $45,415 $79,254 $88,888 
Cost of goods sold5,312 17,275 18,280 32,630 
Gross profit$36,092 $28,140 $60,974 $56,258 
Operating costs:
Variable and distribution costs2,137 2,364 4,348 4,515 
Advertising costs4,778 6,499 8,976 12,033 
Employment costs9,762 10,023 19,191 20,284 
Occupancy costs4,903 5,127 9,801 10,516 
Other segment items (1)
5,158 5,407 10,513 10,219 
Johnny Was Segment EBITDA$9,354 $(1,280)$8,145 $(1,309)
Emerging Brands
Net sales$37,086 $38,530 $75,710 $72,778 
Cost of goods sold11,175 15,744 29,092 29,678 
Gross profit$25,911 $22,786 $46,618 $43,100 
Operating costs:
Variable and distribution costs3,859 2,925 7,315 5,372 
Advertising costs3,247 3,331 6,119 6,479 
Employment costs6,038 7,042 11,850 13,619 
Occupancy costs2,009 2,087 3,675 3,955 
Other segment items (1)
4,160 3,391 8,085 6,814 
Emerging Brands Segment EBITDA$6,598 $4,010 $9,574 $6,861 
Corporate
Net sales$(250)$(73)$(331)$(150)
Cost of goods sold (2)
(471)1,172 3,966 1,895 
Gross profit (loss)$221 $(1,245)$(4,297)$(2,045)
Unallocated Corporate costs and income (3)
6,408 11,593 20,039 21,821 
Corporate EBITDA$(6,187)$(12,838)$(24,336)$(23,866)
EBITDA$86,014 $41,996 $124,757 $95,166 
(1)For all reportable segments, other segment items primarily consist of software costs, professional services costs, other selling, general and administrative costs, royalties and other income and provisions for credit losses.
(2)Cost of goods sold for Corporate and Other included a LIFO accounting benefit of less than $1 million in the Second Quarter of Fiscal 2026 and a charge of $4 million in the First Half of Fiscal 2026. The Second Quarter of Fiscal 2025 and First Half of Fiscal 2025 included a LIFO accounting charge of $1 million.
(3)Unallocated Corporate costs and income for Corporate and Other primarily consist of unallocated employment and other overhead expenses and interest received on tariff receivables.
The following table presents a reconciliation (in thousands) from EBITDA to consolidated operating income, earnings before income taxes and total net earnings:
Second QuarterFirst Half
Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025
EBITDA$86,014 $41,996 $124,757 $95,166 
Depreciation and amortization17,198 16,585 33,578 33,549 
Operating income$68,816 $25,411 $91,179 $61,617 
Interest expense, net1,489 1,548 3,771 3,274 
Earnings before income taxes$67,327 $23,863 $87,408 $58,343 
Income tax expense18,360 7,171 23,453 15,470 
Net earnings$48,967 $16,692 $63,955 $42,873 
The tables below present certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.
Second QuarterFirst Half
Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025
Depreciation and amortization
Tommy Bahama$7,882 $7,644 $15,612 $15,221 
Lilly Pulitzer3,549 4,576 7,252 9,491 
Johnny Was2,324 3,188 4,704 6,569 
Emerging Brands851 1,036 1,769 1,981 
Corporate and Other2,592 141 4,241 287 
Depreciation and amortization$17,198 $16,585 $33,578 $33,549 
First Half
Fiscal 2026Fiscal 2025
Purchases of Property and Equipment
Tommy Bahama$16,618 $18,350 
Lilly Pulitzer3,682 4,456 
Johnny Was1,033 712 
Emerging Brands7 2,881 
Corporate and Other10,196 28,205 
Purchases of Property and Equipment$31,536 $54,604 
August 1, 2026January 31, 2026August 2, 2025
Assets
Tommy Bahama (1)
$695,493$693,069$676,133
Lilly Pulitzer (2)
224,738214,411205,203
Johnny Was (3)
150,790161,255222,600
Emerging Brands (4)
107,989122,465131,469
Corporate and Other (5)
120,245117,75888,991
Consolidated Total Assets$1,299,255$1,308,958$1,324,396
(1)Increase in Tommy Bahama total assets from August 2, 2025, relates primarily to an increase in tariff receivables and property and equipment.
(2)Increase in Lilly Pulitzer total assets from August 2, 2025, relates primarily to an increase in operating lease assets partially offset by a decrease in property and equipment and receivables.
(3)Decrease in Johnny Was total assets from August 2, 2025, relates primarily to the $57 million Third Quarter of Fiscal 2025 impairment charge for intangible assets and the amortization of acquired intangible assets. In addition, operating lease assets and property and equipment decreased primarily due to store closures.
(4)Decrease in Emerging Brands total assets from August 2, 2025, relates primarily to a decrease in operating lease assets and property and equipment due to store closures, a decrease in inventories and a $4 million Third Quarter of Fiscal 2025 impairment charge for goodwill and intangible assets related to Jack Rogers.
(5)Increase in Corporate and Other total assets from August 2, 2025, relates primarily to an increase in property and equipment related to the new distribution center project in Lyons, Georgia.
Schedule of Net Sale by Geographic Area
Net sales by geographic area are presented in the table below (in thousands). The other foreign amounts primarily relate to our Tommy Bahama operations in Canada and Australia.
Second QuarterFirst Half
Fiscal 2026Fiscal 2025Fiscal 2026Fiscal 2025
Net Sales
United States$385,022 $394,183 $768,065 $779,342 
Other foreign9,354 8,960 17,713 16,662 
$394,376 $403,143 $785,778 $796,004 
Schedule of Net Sales by Operating Group
The tables below quantify net sales, for each reportable segment, as well as Corporate and Other, and in total (in thousands), and the percentage of net sales by distribution channel for each reportable segment, as well as Corporate and Other, and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding.
Second Quarter Fiscal 2026
Net SalesRetail E-commerce Food and Beverage Wholesale Other
Tommy Bahama$230,94246%29%14%11%—%
Lilly Pulitzer85,19436%50%—%14%—%
Johnny Was41,40439%47%—%14%—%
Emerging Brands37,08619%56%—%25%—%
Corporate and Other(250)—%—%—%—%NM %
Total$394,37641%38%8%13%—%
Second Quarter Fiscal 2025
Net SalesRetail E-commerce Food and Beverage Wholesale Other
Tommy Bahama$229,00345%29%13%13%—%
Lilly Pulitzer90,26837%48%—%15%—%
Johnny Was45,41538%46%—%16%—%
Emerging Brands38,53023%49%—%28%—%
Corporate and Other(73)—%—%—%—%NM %
Total$403,14341%37%7%15%—%
First Half Fiscal 2026
Net SalesRetailE-commerceFood and BeverageWholesaleOther
Tommy Bahama$455,57845%25%15%15%—%
Lilly Pulitzer175,56736%44%—%20%—%
Johnny Was79,25439%45%—%16%—%
Emerging Brands75,71018%48%—%34%—%
Corporate and Other(331)—%—%—%—%NM %
Total$785,77840%33%9%18%—%
First Half Fiscal 2025
Net SalesRetailE-commerceFood and BeverageWholesaleOther
Tommy Bahama$445,17845%24%14%17%—%
Lilly Pulitzer189,31036%45%—%19%—%
Johnny Was88,88838%42%—%20%—%
Emerging Brands72,77821%44%—%35%—%
Corporate and Other(150)—%—%—%—%NM %
Total$796,00440%33%8%19%—%