Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUES

v3.25.4
REVENUES
 12 Months Ended
Jan. 03, 2026
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.
Year Ended December 2025
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 1,542,582  $ 394,721  $ 65,892  $ 11,789  $ 2,014,984 
International Wholesale 180,535  195,583  273,212  8,388  657,718 
Direct-to-Consumer 191,505  160,064  120,612  7,573  479,754 
Total $ 1,914,622  $ 750,368  $ 459,716  $ 27,750  $ 3,152,456 
Geographic revenues
U.S. $ 1,705,062  $ 456,582  $ 112,331  $ 13,294  $ 2,287,269 
International 209,560  293,786  347,385  14,456  865,187 
Total $ 1,914,622  $ 750,368  $ 459,716  $ 27,750  $ 3,152,456 
Year Ended December 2024
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 1,460,102  $ 414,803  $ —  $ 10,200  $ 1,885,105 
International Wholesale 177,107  222,308  —  —  399,415 
Direct-to-Consumer 168,780  153,514  —  764  323,058 
Total $ 1,805,989  $ 790,625  $ —  $ 10,964  $ 2,607,578 
Geographic revenues
U.S. $ 1,602,413  $ 473,672  $ —  $ 10,964  $ 2,087,049 
International 203,576  316,953  —  —  520,529 
Total $ 1,805,989  $ 790,625  $ —  $ 10,964  $ 2,607,578 
Year Ended December 2023
(In thousands) Wrangler Lee Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 1,418,102  $ 440,690  $ —  $ 10,149  $ 1,868,941 
International Wholesale 181,766  246,873  —  10  428,649 
Direct-to-Consumer 154,262  154,957  —  663  309,882 
Total $ 1,754,130  $ 842,520  $ —  $ 10,822  $ 2,607,472 
Geographic revenues
U.S. $ 1,549,051  $ 500,816  $ —  $ 10,812  $ 2,060,679 
International 205,079  341,704  —  10  546,793 
Total $ 1,754,130  $ 842,520  $ —  $ 10,822  $ 2,607,472 
Contract Balances
Accounts receivable represent the Company's unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less estimated allowances.
Contract assets are rights to receive consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time. When the Company's right to receive consideration under a contract becomes unconditional, amounts are invoiced and contract assets are reclassified to "accounts receivable" within the Company's balance sheets. The Company's primary contract assets relate to sales-based royalty arrangements.
Contract liabilities are recorded when a customer pays consideration, but the Company still has a remaining obligation to transfer the good or service to the customer.
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) December 2025 December 2024
Accounts receivable, net (a)
$ 276,424  $ 243,660 
Contract assets (b)
$ 20,369  $ 16,576 
Contract liabilities (c)
$ 1,947  $ 1,757 
(a) "Accounts receivable, net" at December 2025 includes $112.0 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 year ended December 2025, revenue of $1.6 million was recognized that was included in contract liabilities as of December 2024. For the year ended December 2024, revenue of $1.1 million was recognized that was included in contract liabilities as of December 2023.
Performance Obligations
As of December 2025, there were no arrangements with any transaction price allocated to remaining performance obligations other than (i) contracts for which the Company has applied the practical expedients and (ii) fixed consideration related to future minimum guarantees. For the year ended December 2025, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant.