Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

v3.23.2
REVENUES (Tables)
6 Months Ended
Jul. 01, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or Non-U.S. Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales at company-operated Wrangler® and Lee® branded full-price and outlet stores, digital sales at www.wrangler.com and www.lee.com and sales from international concession arrangements.
Other includes sales and licensing of Rock & Republic®, other company-owned brands and private label apparel.
Three Months Ended June 2023
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 355,207  $ 98,218  $ 2,366  $ 455,791 
Non-U.S. Wholesale 38,104  51,232  —  89,336 
Direct-to-Consumer 32,174  38,558  150  70,882 
Total $ 425,485  $ 188,008  $ 2,516  $ 616,009 
Geographic revenues
U.S. $ 382,111  $ 114,248  $ 2,516  $ 498,875 
International 43,374  73,760  —  117,134 
Total $ 425,485  $ 188,008  $ 2,516  $ 616,009 
Three Months Ended June 2022
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 348,537  $ 120,197  $ 2,127  $ 470,861 
Non-U.S. Wholesale 40,457  39,858  374  80,689 
Direct-to-Consumer 28,950  32,998  74  62,022 
Total $ 417,944  $ 193,053  $ 2,575  $ 613,572 
Geographic revenues
U.S. $ 372,981  $ 135,057  $ 2,201  $ 510,239 
International 44,963  57,996  374  103,333 
Total $ 417,944  $ 193,053  $ 2,575  $ 613,572 
Six Months Ended June 2023
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 692,883  $ 233,517  $ 5,594  $ 931,994 
Non-U.S. Wholesale 90,023  117,237  10  207,270 
Direct-to-Consumer 65,726  77,903  239  143,868 
Total $ 848,632  $ 428,657  $ 5,843  $ 1,283,132 
Geographic revenues
U.S. $ 747,240  $ 263,938  $ 5,833  $ 1,017,011 
International 101,392  164,719  10  266,121 
Total $ 848,632  $ 428,657  $ 5,843  $ 1,283,132 
Six Months Ended June 2022
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 679,189  $ 257,003  $ 4,654  $ 940,846 
Non-U.S. Wholesale 93,276  130,909  875  225,060 
Direct-to-Consumer 57,902  69,361  146  127,409 
Total $ 830,367  $ 457,273  $ 5,675  $ 1,293,315 
Geographic revenues
U.S. $ 727,374  $ 285,173  $ 4,800  $ 1,017,347 
International 102,993  172,100  875  275,968 
Total $ 830,367  $ 457,273  $ 5,675  $ 1,293,315 
Contract Assets and Liabilities
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) June 2023 December 2022 June 2022
Accounts receivable, net $ 186,024  $ 225,858  $ 185,157 
Contract assets (a)
6,034  5,050  5,648 
Contract liabilities (b)
1,921  1,057  3,227 
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(b) Included within "accrued liabilities" in the Company's balance sheets.