Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 03, 2026
Oct. 04, 2025
Dec. 28, 2024
Current assets      
Cash and cash equivalents $ 3,622 $ 64,340 $ 11,615
Accounts and other receivables, net 15,855 23,217 29,803
Inventories, net 210,006 207,983 271,087
Prepaid expenses and other current assets 37,548 33,249 29,117
Total current assets 267,031 328,789 341,622
Property and equipment, net 82,394 92,544 96,045
Operating lease right-of-use assets 233,979 252,988 260,835
Goodwill and other intangibles, net 29,871 30,732 214,219
Deferred tax assets 0 0 16,121
Other assets 36,164 36,422 38,151
Total assets 649,439 741,475 966,993
Current liabilities      
Accounts payable 45,227 51,894 56,208
Accrued expenses and other current liabilities 68,952 82,447 71,528
Operating lease liabilities 73,860 74,720 65,063
Income taxes payable 0 0 1,180
Total current liabilities 188,039 209,061 193,979
Deferred tax liabilities 296 287 0
Operating lease liabilities, noncurrent 170,617 185,076 197,853
Revolving Credit Facility 25,000 0 40,000
Long-term debt, net 752,389 752,055 750,610
Other long-term liabilities 2,948 2,988 4,589
Total liabilities 1,139,289 1,149,467 1,187,031
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 50,000,000 shares authorized and 9,315,970, 9,290,311, and 9,260,400 issued and outstanding as of January 3, 2026, October 4, 2025, and December 28, 2024. 9 9 9
Additional paid-in capital 114,287 113,174 108,722
Retained deficit (604,146) (521,175) (328,769)
Total stockholders’ deficit (489,850) (407,992) (220,038)
Total liabilities and stockholders’ deficit $ 649,439 $ 741,475 $ 966,993