Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 04, 2025
Sep. 28, 2024
Current assets    
Cash and cash equivalents $ 64,340 $ 108,505
Accounts and other receivables, net 23,217 45,467
Inventories, net 207,983 234,283
Prepaid expenses and other current assets 33,249 34,179
Total current assets 328,789 422,434
Property and equipment, net 92,544 98,447
Operating lease right-of-use assets 252,988 270,488
Goodwill and other intangibles, net 30,732 215,127
Deferred tax assets 0 4,168
Other assets 36,422 39,661
Total assets 741,475 1,050,325
Current liabilities    
Accounts payable 51,894 67,622
Accrued expenses and other current liabilities 82,447 106,713
Operating lease liabilities 74,720 63,357
Income taxes payable 0 1,127
Current portion of long-term debt 0 8,100
Total current liabilities 209,061 246,919
Deferred tax liabilities 287 0
Operating lease liabilities, noncurrent 185,076 209,067
Long-term debt, net 752,055 769,065
Other long-term liabilities 2,988 2,423
Total liabilities 1,149,467 1,227,474
Commitments and contingencies
Stockholders’ deficit    
Common stock, $0.001 par value, 50,000,000 shares authorized and 9,290,311 and 9,248,464 issued and outstanding as of October 4, 2025 and September 28, 2024. 9 9
Additional paid in capital 113,174 107,047
Retained deficit (521,175) (284,205)
Total stockholders’ deficit (407,992) (177,149)
Total liabilities and stockholders’ deficit $ 741,475 $ 1,050,325