Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2025
Sep. 28, 2024
Mar. 30, 2024
Current assets      
Cash and cash equivalents $ 17,252 $ 108,505 $ 8,436
Accounts and other receivables, net 32,036 45,467 32,693
Inventories 335,101 234,283 379,090
Prepaid expenses and other current assets 33,180 34,179 33,413
Total current assets 417,569 422,434 453,632
Property and equipment, net 95,515 98,447 89,820
Operating lease right-of-use assets 250,916 270,488 260,221
Goodwill and other intangibles, net 213,315 215,127 216,973
Deferred tax assets 29,132 4,168 34,297
Other assets 36,509 39,661 40,305
Total assets 1,042,956 1,050,325 1,095,248
Current liabilities      
Accounts payable 114,770 67,622 112,441
Accrued expenses and other current liabilities 88,310 106,713 79,989
Operating lease liabilities 64,534 63,357 61,571
Income taxes payable 0 1,127 0
Current portion of long-term debt 0 8,100 8,100
Total current liabilities 267,614 246,919 262,101
Operating lease liabilities, noncurrent 188,174 209,067 193,818
Revolving credit facility 101,500 0 97,000
Long-term debt, net 751,077 769,065 770,157
Other long-term liabilities 4,050 2,423 3,144
Total liabilities 1,312,415 1,227,474 1,326,220
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 1,000,000,000 shares authorized and 185,401,657, 184,969,296, and 184,742,767 issued and outstanding as of March 29, 2025, September 28, 2024, and March 30, 2024, respectively. 185 185 185
Additional paid in capital 110,445 106,871 103,775
Retained deficit (380,089) (284,205) (334,932)
Total stockholders’ deficit (269,459) (177,149) (230,972)
Total liabilities and stockholders’ deficit $ 1,042,956 $ 1,050,325 $ 1,095,248