Quarterly report [Sections 13 or 15(d)]

BUSINESS SEGMENT INFORMATION (Tables)

v3.26.1
BUSINESS SEGMENT INFORMATION (Tables)
 3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
The following table presents financial information for the Company's reportable segments and income before income taxes:
Three Months Ended March
(In thousands) 2026 2025
Wrangler
Net revenues (1)
$ 435,839  $ 420,246 
Cost of goods sold 201,965  226,184 
Selling, general and administrative expenses 109,746  105,829 
Other segment items (2)
2,359  1,385 
Segment profit $ 121,769  $ 86,848 
Helly Hansen
Net revenues (1)
$ 165,480  $ — 
Cost of goods sold 71,001  — 
Selling, general and administrative expenses 74,707  — 
Other segment items
 119  — 
Segment profit
 $ 19,653  $ — 
Total reportable segment profit $ 141,422  $ 86,848 
Corporate and other expenses (3)
(53,704) (65,555)
Interest expense (16,084) (9,808)
Interest income 2,184  3,319 
Loss related to other revenues (4)
(215) (217)
Income from continuing operations before income taxes $ 73,603  $ 14,587 
(1) Refer to Note 4 to the Company's financial statements in this Form 10-Q for the reconciliation of reportable segment revenues to consolidated net revenues.
(2) "Other segment items" for the Wrangler segment primarily includes funding fees related to the sale of trade accounts receivable program discussed in Note 6 to the Company's financial statements in this Form 10-Q. Funding fees are reflected in the Company's statements of operations within "other expense, net".
(3) For the three months ended March 2026 and March 2025, $8.8 million and $8.9 million, respectively, of costs previously allocated to the Lee segment did not qualify for classification as discontinued operations and are reported within "Corporate and other expenses".
(4) "Loss related to other revenues" includes sales, licensing, and the associated costs of the Musto®, and Chic® brands, as well as other company-owned brands and private label apparel, along with the Rock & Republic® brand through the date of disposition, for purposes of reconciling "total reportable segment profit" to "income from continuing operations before income taxes."