Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 28, 2025
Sep. 28, 2024
Jun. 29, 2024
Current assets      
Cash and cash equivalents $ 42,684 $ 108,505 $ 74,438
Accounts and other receivables, net 34,794 45,467 45,817
Inventories 273,192 234,283 302,209
Prepaid expenses and other current assets 34,460 34,179 34,545
Total current assets 385,130 422,434 457,009
Property and equipment, net 94,143 98,447 94,135
Operating lease right-of-use assets 260,925 270,488 282,556
Goodwill and other intangibles, net 212,407 215,127 216,041
Deferred tax assets 0 4,168 15,409
Other assets 36,888 39,661 40,038
Total assets 989,493 1,050,325 1,105,188
Current liabilities      
Accounts payable 91,587 67,622 108,935
Accrued expenses and other current liabilities 104,629 106,713 107,208
Operating lease liabilities 65,755 63,357 61,638
Income taxes payable 0 1,127 0
Current portion of long-term debt 0 8,100 8,100
Total current liabilities 261,971 246,919 285,881
Deferred tax liabilities 1,549 0 0
Operating lease liabilities, noncurrent 197,375 209,067 216,756
Revolving credit facility 20,000 0 0
Long-term debt, net 751,547 769,065 768,598
Other long-term liabilities 3,218 2,423 2,110
Total liabilities 1,235,660 1,227,474 1,273,345
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 1,000,000,000 shares authorized and 185,578,489, 184,969,296, and 184,912,804 issued and outstanding as of June 28, 2025, September 28, 2024, and June 29, 2024. 186 185 185
Additional paid in capital 112,006 106,871 105,940
Retained deficit (358,359) (284,205) (274,282)
Total stockholders’ deficit (246,167) (177,149) (168,157)
Total liabilities and stockholders’ deficit $ 989,493 $ 1,050,325 $ 1,105,188