Operating Group Information

9 Months Ended

Nov. 02, 2024

Segment Reporting [Abstract]

Operating Group Information

Operating Group Information: We identify our operating groups based on the way our management organizes the components of our business for the purposes of allocating resources and assessing performance. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across each brand’s direct to consumer, wholesale and licensing operations, as applicable. Our business is organized as our Tommy Bahama, Lilly Pulitzer, Johnny Was and Emerging Brands operating groups.

Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, the elimination of any sales between operating groups and any other items that are not allocated to the operating groups, including LIFO inventory accounting adjustments. The accounting policies of the reportable operating segments are the same as those described in our Fiscal 2023 Form 10-K.

The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other.

	Third Quarter				First Nine Months
	Fiscal 2024		Fiscal 2023		Fiscal 2024		Fiscal 2023
Net sales
Tommy Bahama	$	161,289	$	170,144	$	631,985	$	655,022
Lilly Pulitzer	69,829		76,290		249,939		265,089
Johnny Was	46,124		49,105		147,616		150,619
Emerging Brands	30,855		31,155		96,786		96,726
Corporate and Other	(72)		(64)		(231)		(410)
Consolidated net sales	$	308,025	$	326,630	$	1,126,095	$	1,167,046
Depreciation and amortization
Tommy Bahama	$	7,188	$	6,299	$	21,385	$	18,356
Lilly Pulitzer	4,757		4,372		14,075		11,743
Johnny Was	4,340		4,684		12,383		14,593
Emerging Brands	801		504		2,078		1,389
Corporate and Other	119		161		375		398
Consolidated depreciation and amortization	$	17,205	$	16,020	$	50,296	$	46,479
Operating income (loss)
Tommy Bahama	$	445	$	12,097	$	84,019	$	118,655
Lilly Pulitzer	4,001		6,769		36,472		49,851
Johnny Was	(4,079)		935		(5,402)		7,266
Emerging Brands	1,186		3,709		7,798		10,650
Corporate and Other	(7,793)		(9,050)		(24,166)		(23,987)
Consolidated operating income (loss)	$	(6,240)	$	14,460	$	98,721	$	162,435
Interest expense, net	610		1,217		1,573		4,856
Earnings (loss) before income taxes	$	(6,850)	$	13,243	$	97,148	$	157,579

	November 2, 2024		February 3, 2024		October 28, 2023
Assets
Tommy Bahama (1)	$	621,367	$	556,431	$	563,564
Lilly Pulitzer (2)	192,850		194,871		192,566
Johnny Was (3)	246,672		251,429		331,131
Emerging Brands (4)	116,691		98,816		86,790
Corporate and Other (5)	45,553		(3,703)		(11,895)
Consolidated Total Assets	$	1,223,133	$	1,097,844	$	1,162,156

(1)Increase in Tommy Bahama total assets from October 28, 2023, relates primarily to an increase in operating lease assets and property and equipment.

(2)Change in Lilly Pulitzer total assets from October 28, 2023, includes increases in operating lease assets and receivables partially offset by a decrease in property and equipment.

(3)Decrease in Johnny Was total assets from October 28, 2023, relates primarily to the impairment charges for goodwill and intangible assets recorded in the Fourth Quarter of Fiscal 2023.

(4)Increase in Emerging Brands total assets from October 28, 2023, relates primarily to an increase in operating lease assets and property and equipment.

(5)Increase in Corporate and Other total assets from October 28, 2023, relates primarily to the new distribution center project in Lyons, Georgia.

The tables below quantify net sales, for each operating group and in total (in thousands), and the percentage of net sales by distribution channel for each operating group 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.

	Third Quarter Fiscal 2024
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	161,289	45%	20%	15%	20%	—%
Lilly Pulitzer	69,829		31%	55%	—%	14%	—%
Johnny Was	46,124		37%	41%	—%	22%	—%
Emerging Brands	30,855		16%	38%	—%	46%	—%
Corporate and Other	(72)		—%	—%	—%	—%	NM %
Total	$	308,025	38%	33%	7%	22%	—%

	Third Quarter Fiscal 2023
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	170,144	45%	21%	13%	21%	—%
Lilly Pulitzer	76,290		31%	58%	—%	11%	—%
Johnny Was	49,105		39%	41%	—%	20%	—%
Emerging Brands	31,155		12%	41%	—%	47%	—%
Corporate and Other	(64)		—%	—%	—%	—%	NM %
Total	$	326,630	37%	35%	7%	21%	—%

	First Nine Months Fiscal 2024
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	631,985	45%	24%	14%	17%	—%
Lilly Pulitzer	249,939		35%	48%	—%	17%	—%
Johnny Was	147,616		38%	42%	—%	20%	—%
Emerging Brands	96,786		17%	42%	—%	41%	—%
Corporate and Other	(231)		—%	—%	—%	—%	NM %
Total	$	1,126,095	40%	33%	8%	19%	—%

	First Nine Months Fiscal 2023
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	655,022	45%	23%	13%	19%	—%
Lilly Pulitzer	265,089		34%	51%	—%	15%	—%
Johnny Was	150,619		38%	40%	—%	22%	—%
Emerging Brands	96,726		10%	42%	—%	48%	—%
Corporate and Other	(410)		—%	—%	—%	—%	NM %
Total	$	1,167,046	38%	34%	7%	21%	—%