| Summary of Revenue, Income from Operations and Significant Expenses of Reportable Segments |
The following table sets forth revenue, income from operations, and significant expenses for each of the Company’s reportable segments for the three and six months ended March 31,
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Three Months Ended March 31, 2026 |
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Retail Operations |
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|
Product Manufacturing |
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Intersegment Adjustments & Eliminations |
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Total |
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(Amounts in thousands) |
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Revenue |
|
$ |
525,332 |
|
|
$ |
23,705 |
|
|
$ |
(21,625 |
) |
|
$ |
527,412 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
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|
348,836 |
|
|
|
22,423 |
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|
|
(25,133 |
) |
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|
346,126 |
|
Selling, general and administrative expenses |
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|
164,092 |
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|
|
6,356 |
|
|
|
- |
|
|
|
170,448 |
|
Income (loss) from operations |
|
$ |
12,404 |
|
|
$ |
(5,074 |
) |
|
$ |
3,508 |
|
|
$ |
10,838 |
|
Interest expense |
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|
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|
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|
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|
14,659 |
|
(Loss) before income tax provision |
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|
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|
|
|
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$ |
(3,821 |
) |
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Three Months Ended March 31, 2025 |
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Retail Operations |
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Product Manufacturing |
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Intersegment Adjustments & Eliminations |
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Total |
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(Amounts in thousands) |
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Revenue |
|
$ |
626,340 |
|
|
$ |
35,503 |
|
|
$ |
(30,328 |
) |
|
$ |
631,515 |
|
Less: |
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|
|
|
|
|
|
|
|
|
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|
Cost of sales |
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|
444,233 |
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|
|
33,328 |
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|
|
(35,557 |
) |
|
|
442,004 |
|
Selling, general and administrative expenses |
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|
161,166 |
|
|
|
5,604 |
|
|
|
- |
|
|
|
166,770 |
|
Income (loss) from operations |
|
$ |
20,941 |
|
|
$ |
(3,429 |
) |
|
$ |
5,229 |
|
|
$ |
22,741 |
|
Interest expense |
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|
|
|
|
|
|
|
|
|
|
18,179 |
|
Income before income tax provision |
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|
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|
|
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$ |
4,562 |
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|
|
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Six Months Ended March 31, 2026 |
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Retail Operations |
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Product Manufacturing |
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Intersegment Adjustments & Eliminations |
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Total |
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(Amounts in thousands) |
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Revenue |
|
$ |
1,029,745 |
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|
$ |
45,327 |
|
|
$ |
(42,482 |
) |
|
$ |
1,032,590 |
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Less: |
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Cost of sales |
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|
695,915 |
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|
|
44,789 |
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|
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(49,870 |
) |
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|
690,834 |
|
Selling, general and administrative expenses |
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|
314,261 |
|
|
|
11,737 |
|
|
|
- |
|
|
|
325,998 |
|
Income (loss) from operations |
|
$ |
19,569 |
|
|
$ |
(11,199 |
) |
|
$ |
7,388 |
|
|
$ |
15,758 |
|
Interest expense |
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|
|
|
|
|
|
|
|
|
|
30,515 |
|
(Loss) before income tax provision |
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|
|
|
|
|
|
|
|
|
$ |
(14,757 |
) |
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Six Months Ended March 31, 2025 |
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Retail Operations |
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Product Manufacturing |
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Intersegment Adjustments & Eliminations |
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Total |
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(Amounts in thousands) |
|
Revenue |
|
$ |
1,094,689 |
|
|
$ |
73,441 |
|
|
$ |
(68,154 |
) |
|
$ |
1,099,976 |
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Less: |
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|
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Cost of sales |
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|
745,544 |
|
|
|
66,149 |
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|
|
(70,882 |
) |
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|
740,811 |
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Selling, general and administrative expenses |
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|
286,954 |
|
|
|
10,498 |
|
|
|
- |
|
|
|
297,452 |
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Income (loss) from operations |
|
$ |
62,191 |
|
|
$ |
(3,206 |
) |
|
$ |
2,728 |
|
|
$ |
61,713 |
|
Interest expense |
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|
|
|
|
|
|
|
|
|
|
36,924 |
|
Income before income tax provision |
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|
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|
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|
|
|
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$ |
24,789 |
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| Summary of Depreciation and Amortization of Reportable Segments |
The following table sets forth depreciation and amortization for each of the Company’s reportable segments for the three and six months ended March 31,
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Three Months Ended |
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March 31, |
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|
2026 |
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|
2025 |
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(Amounts in thousands) |
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Depreciation: |
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|
|
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Retail Operations |
|
$ |
8,465 |
|
|
$ |
7,780 |
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Product Manufacturing |
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|
1,969 |
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|
1,950 |
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Depreciation |
|
$ |
10,434 |
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|
$ |
9,730 |
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Amortization: |
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Retail Operations |
|
$ |
2,278 |
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|
$ |
2,522 |
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Product Manufacturing |
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|
- |
|
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|
- |
|
Amortization |
|
$ |
2,278 |
|
|
$ |
2,522 |
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Six Months Ended |
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March 31, |
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|
2026 |
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|
2025 |
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(Amounts in thousands) |
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Depreciation: |
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|
|
|
|
|
Retail Operations |
|
$ |
17,003 |
|
|
$ |
15,509 |
|
Product Manufacturing |
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|
3,672 |
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|
|
3,470 |
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Depreciation |
|
$ |
20,675 |
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|
$ |
18,979 |
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Amortization: |
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Retail Operations |
|
$ |
4,619 |
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$ |
4,870 |
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Product Manufacturing |
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|
- |
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|
- |
|
Amortization |
|
$ |
4,619 |
|
|
$ |
4,870 |
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