Quarterly report [Sections 13 or 15(d)]

REVENUES

v3.26.1
REVENUES
 3 Months Ended
Apr. 04, 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® and Helly Hansen® branded full-price and outlet stores, online and international concession arrangements.
Other includes sales and licensing of the Musto® and Chic® brands, as well as other company-owned brands, private label apparel and the Rock & Republic® brand through the date of disposition.
Three Months Ended March 2026
(In thousands) Wrangler Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 339,098  $ 16,840  $ 1,605  $ 357,543 
International Wholesale 52,843  100,972  8,265  162,080 
Direct-to-Consumer 43,898  47,668  2,133  93,699 
Total $ 435,839  $ 165,480  $ 12,003  $ 613,322 
Geographic revenues
U.S. $ 373,749  $ 36,154  $ 1,876  $ 411,779 
International 62,090  129,326  10,127  201,543 
Total $ 435,839  $ 165,480  $ 12,003  $ 613,322 
Three Months Ended March 2025
(In thousands) Wrangler Helly Hansen Other Total
Channel revenues
U.S. Wholesale $ 335,504  $ —  $ 2,609  $ 338,113 
International Wholesale 45,225  —  —  45,225 
Direct-to-Consumer 39,517  —  146  39,663 
Total $ 420,246  $ —  $ 2,755  $ 423,001 
Geographic revenues
U.S. $ 368,302  $ —  $ 2,755  $ 371,057 
International 51,944  —  —  51,944 
Total $ 420,246  $ —  $ 2,755  $ 423,001 
Contract Balances and Performance Obligations
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) March 2026 December 2025 March 2025
Accounts receivable, net $ 244,996  $ 209,419  $ 131,958 
Contract assets (a)
5,319  12,529  3,963 
Contract liabilities (b)
1,380  1,452  972 
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(b) Included within "accrued and other current liabilities" in the Company's balance sheets.
For the three months ended March 2026 and March 2025, no significant revenue was recognized that was included in contract liabilities as of December 2025 and December 2024, respectively. For the three months ended March 2026, no significant revenue was recognized from performance obligations satisfied, or partially satisfied, in prior periods. As of March 2026, the Company has contractual rights under its licensing agreements to receive $42.8 million of fixed consideration related to the future minimum guarantees through December 2030.