Note 6 - Related Parties

3 Months Ended

Aug. 02, 2025

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

6. RELATED PARTIES

The Company is a party to a management agreement with Corporate Management Advisors, Inc. (CMA), a corporation owned by our Chairman and Chief Executive Officer. The management agreement provides that the Company will pay CMA an annual base fee equal to one percent of the consolidated net sales of the Company. Management fees to CMA were $3.3 million for each of the three fiscal months ended August 2, 2025 and July 27, 2024. At August 2, 2025 and May 3, 2025, accounts payable included amounts due to CMA of $2.0 million and $2.1 million, respectively.