During the first quarter of fiscal 2024, we ceased operations of our UK business and the accounting requirements for reporting the UK business as a discontinued operation were met. As a result, the UK business is presented in the accompanying consolidated financial statements as a discontinued operation for all periods presented.

As of August 1, 2026, and August 2, 2025, there were no assets or liabilities of discontinued operations in the consolidated balance sheets.


	For the Fiscal Year Ended
(in thousands)		August 1, 2026		August 2, 2025		August 3, 2024
Revenue, net		$	—	$	—	$	9,377
Cost of goods sold		—		—		6,771
Gross profit		—		—		2,606
Selling, general, and administrative expenses		—		47		11,618
Operating loss		—		(47)		(9,012)
Interest income		—		—		187
Other expense, net		—		(5)		(176)
Loss before income taxes		—		(52)		(9,001)
Provision (benefit) from income taxes		—		(157)		954
Income (loss) from discontinued operations, net of income taxes		$	—	$	105	$	(9,955)

(1) For fiscal 2024, Other expense, net includes the loss from the release of historical foreign currency translation adjustments related to the exit of the UK business. Refer to Note 9 herein for additional information.

We recorded expenses related to the exit and wind down of the UK business of an aggregate $0.1 million and $5.3 million for fiscal 2025 and fiscal 2024, respectively. In fiscal 2024, these charges were recorded in selling, general and administrative expenses from discontinued operations, and consisted primarily of severance and employee-related benefits and early contract termination charges.