Note 6 - Related Parties

6 Months Ended

Nov. 01, 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 $2.9 million for both the three fiscal months ended November 1, 2025 and October 26, 2024. Management fees to CMA were $6.2 million for both the six fiscal months ended November 1, 2025 and October 26, 2024. At November 1, 2025 and May 3, 2025, accounts payable included amounts due to CMA of $1.8 million and $2.1 million, respectively.