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

Subsequent Events

v3.25.3
Subsequent Events
12 Months Ended
Oct. 04, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 17—Subsequent Events

On November 25, 2025, subsequent to the October 4, 2025 balance sheet date, management committed to a plan to close approximately 80-90 U.S. stores that were identified as underperforming stores and one distribution center. The store closures are expected to be substantially completed by the end of first fiscal quarter of 2026. As the decision was made after the reporting date, no adjustments have been made to the accompanying financial statements. We expect to incur approximately $12.0 million to $20.0 million in one-time costs in the first quarter of 2026, primarily related to asset impairments and inventory write downs.