Operating Segments (Tables)

3 Months Ended

May 03, 2025

Schedule of Financial Information by Operating Group

The table below present certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	First Quarter
	Fiscal 2025		Fiscal 2024
Tommy Bahama
Net sales	$	216,175	$	225,617
Costs of goods sold	76,450		77,309
Gross profit	$	139,725	$	148,308
Operating costs:
Variable and distribution costs	13,300		13,891
Advertising costs	10,147		8,139
Employment costs	47,287		47,490
Occupancy costs	22,778		21,635
Depreciation and amortization	7,577		7,193
Other segment items (1)	7,889		7,321
Tommy Bahama operating income	$	30,747	$	42,639
Lilly Pulitzer
Net sales	$	99,042	$	88,421
Costs of goods sold	34,113		29,142
Gross profit	$	64,929	$	59,279
Operating costs:
Variable and distribution costs	6,048		4,885
Advertising costs	8,525		9,279
Employment costs	13,659		13,839
Occupancy costs	5,443		5,111
Depreciation and amortization	4,915		4,594
Other segment items (1)	8,202		6,027
Lilly Pulitzer operating income	$	18,137	$	15,544
Johnny Was
Net sales	$	43,473	$	51,212
Costs of goods sold	15,355		17,963
Gross profit	$	28,118	$	33,249
Operating costs:
Variable and distribution costs	2,151		3,033
Advertising costs	5,534		6,354
Employment costs	10,261		9,554
Occupancy costs	5,389		5,345
Depreciation and amortization	3,381		4,006
Other segment items (1)	4,812		4,624
Johnny Was operating (loss) income	$	(3,410)	$	333
Emerging Brands
Net sales	$	34,248	$	33,001
Costs of goods sold	13,934		13,473
Gross profit	$	20,314	$	19,528


Operating costs:
Variable and distribution costs	2,447		2,358
Advertising costs	3,148		2,727
Employment costs	6,577		5,692
Occupancy costs	1,868		1,262
Depreciation and amortization	944		614
Other segment items (1)	3,423		3,077
Emerging Brands operating income	$	1,907	$	3,798
Corporate
Net sales	$	(77)	$	(67)
Cost of goods sold (2)	723		1,936
Gross profit	$	(800)	$	(2,003)
Depreciation and amortization	146		134
Unallocated Corporate costs and income (3)	10,229		7,726
Corporate operating loss	$	(11,175)	$	(9,863)
Consolidated Operating income	$	36,206	$	52,451
Interest expense, net	1,726		874
Earnings before income taxes	$	34,480	$	51,577

(1)For all reporting units, other segment items primarily consists of software costs, professional services costs, other selling, general, and administrative costs and royalties and other income.

(2)Cost of goods sold for Corporate and Other included a LIFO accounting charge of less than $1 million in the First Quarter of Fiscal 2025 and $2 million in the First Quarter of Fiscal 2024.

(3)Unallocated Corporate costs for Corporate and Other primarily consists of unallocated employment and other overhead expenses.

The tables below presents certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	First Quarter
	Fiscal 2025		Fiscal 2024
Purchases of Property and Equipment
Tommy Bahama	$	6,968	$	5,115
Lilly Pulitzer	2,959		2,753
Johnny Was	455		1,358
Emerging Brands	2,143		1,195
Corporate and Other	10,902		1,473
Purchases of Property and Equipment	$	23,427	$	11,894


	May 3, 2025		February 1, 2025		May 4, 2024
Assets
Tommy Bahama (1)	$	695,801	$	681,730	$	607,069
Lilly Pulitzer (2)	225,040		205,398		208,182
Johnny Was (3)	229,534		235,558		246,229
Emerging Brands (4)	124,463		121,574		103,995
Corporate and Other (5)	64,868		45,545		(8,499)
Consolidated Total Assets	$	1,339,706	$	1,289,805	$	1,156,976

(1)Increase in Tommy Bahama total assets from May 4, 2024, relates primarily to an increase in operating lease assets, property and equipment, inventories and receivables.

(2)Increase in Lilly Pulitzer total assets from May 4, 2024, includes increases in receivables and inventories, as well as additional intangible assets related to the acquisition of intellectual property rights in the Fourth Quarter of Fiscal 2024.

(3)Decrease in Johnny Was total assets from May 4, 2024, relates primarily to the amortization of acquired intangible assets.

(4)Increase in Emerging Brands total assets from May 4, 2024, relates primarily to an increase in property and equipment, operating lease assets, and inventories.

(5)Increase in Corporate and Other total assets from May 4, 2024, relates primarily to an increase in property and equipment primarily 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.


	First Quarter
	Fiscal 2025		Fiscal 2024
Net Sales
United States	$	385,159	$	389,266
Other foreign	7,702		8,918
	$	392,861	$	398,184

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.


	First Quarter Fiscal 2025
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	216,175	45%	19%	16%	20%	—%
Lilly Pulitzer	99,042		35%	42%	—%	23%	—%
Johnny Was	43,473		37%	38%	—%	25%	—%
Emerging Brands	34,248		19%	38%	—%	43%	—%
Corporate and Other	(77)		—%	—%	—%	—%	NM %
Total	$	392,861	39%	29%	9%	23%	—%


	First Quarter Fiscal 2024
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	225,617	45%	21%	15%	19%	—%
Lilly Pulitzer	88,421		35%	46%	—%	19%	—%
Johnny Was	51,212		37%	40%	—%	23%	—%
Emerging Brands	33,001		15%	36%	—%	49%	—%
Corporate and Other	(67)		—%	—%	—%	—%	NM %
Total	$	398,184	39%	30%	9%	22%	—%