Quarterly report [Sections 13 or 15(d)]

REVENUES

v3.25.2
REVENUES
 6 Months Ended
Jun. 28, 2025
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or International Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales from company-operated Wrangler®, Lee® and Helly Hansen® branded full-price and outlet stores, online and international concession arrangements.
Other includes sales and licensing of the Musto®, Chic® and Rock & Republic® brands, as well as other company-owned brands and private label apparel.
Three Months Ended June 2025
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 382,782  $ 90,252  $ 2,713  $ 2,116  $ 477,863 
International Wholesale 38,078  37,256  16,444  1,488  93,266 
Direct-to-Consumer 40,419  38,119  7,515  1,077  87,130 
Total $ 461,279  $ 165,627  $ 26,672  $ 4,681  $ 658,259 
Geographic revenues
U.S. $ 416,984  $ 104,949  $ 5,058  $ 2,391  $ 529,382 
International 44,295  60,678  21,614  2,290  128,877 
Total $ 461,279  $ 165,627  $ 26,672  $ 4,681  $ 658,259 
Three Months Ended June 2024
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 353,376  $ 96,613  $ —  $ 2,162  $ 452,151 
International Wholesale 40,294  41,662  —  —  81,956 
Direct-to-Consumer 35,575  37,024  —  192  72,791 
Total $ 429,245  $ 175,299  $ —  $ 2,354  $ 606,898 
Geographic revenues
U.S. $ 382,977  $ 110,899  $ —  $ 2,354  $ 496,230 
International 46,268  64,400  —  —  110,668 
Total $ 429,245  $ 175,299  $ —  $ 2,354  $ 606,898 
Six Months Ended June 2025
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 718,286  $ 199,016  $ 2,713  $ 4,725  $ 924,740 
International Wholesale 83,303  91,090  16,444  1,488  192,325 
Direct-to-Consumer 79,936  75,421  7,515  1,223  164,095 
Total $ 881,525  $ 365,527  $ 26,672  $ 7,436  $ 1,281,160 
Geographic revenues
U.S. $ 785,286  $ 227,252  $ 5,058  $ 5,146  $ 1,022,742 
International 96,239  138,275  21,614  2,290  258,418 
Total $ 881,525  $ 365,527  $ 26,672  $ 7,436  $ 1,281,160 
Six Months Ended June 2024
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 682,101  $ 215,760  $ —  $ 4,254  $ 902,115 
International Wholesale 84,732  105,280  —  —  190,012 
Direct-to-Consumer 71,906  73,702  —  365  145,973 
Total $ 838,739  $ 394,742  $ —  $ 4,619  $ 1,238,100 
Geographic revenues
U.S. $ 740,440  $ 243,182  $ —  $ 4,619  $ 988,241 
International 98,299  151,560  —  —  249,859 
Total $ 838,739  $ 394,742  $ —  $ 4,619  $ 1,238,100 
Contract Balances and Performance Obligations
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) June 2025 December 2024 June 2024
Accounts receivable, net (a)
$ 304,761  $ 243,660  $ 205,019 
Contract assets (b)
8,957  16,576  7,772 
Contract liabilities (c)
1,845  1,757  2,426 
(a) "Accounts receivable, net" at June 2025 includes $70.8 million related to Helly Hansen.
(b) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(c) Included within "accrued and other current liabilities" in the Company's balance sheets.
For the three and six months ended June 2025 and June 2024, no significant revenue was recognized that was included in contract liabilities as of December 2024 and December 2023, respectively. For the three and six months ended June 2025, no significant revenue was recognized from performance obligations satisfied, or partially satisfied, in prior periods. As of June 2025, the Company has contractual rights under its licensing agreements to receive $79.0 million of fixed consideration related to the future minimum guarantees through December 2030.