Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 04, 2026
Oct. 04, 2025
Mar. 29, 2025
Current assets      
Cash and cash equivalents $ 16,919 $ 64,340 $ 17,252
Accounts and other receivables, net 22,783 23,217 32,036
Inventories, net 262,358 207,983 335,101
Prepaid expenses and other current assets 38,053 33,249 33,180
Total current assets 340,113 328,789 417,569
Property and equipment, net 80,981 92,544 95,515
Operating lease right-of-use assets 229,052 252,988 250,916
Goodwill and other intangibles, net 29,017 30,732 213,315
Deferred tax assets 0 0 29,132
Other assets 36,297 36,422 36,509
Total assets 715,460 741,475 1,042,956
Current liabilities      
Accounts payable 94,242 51,894 114,770
Accrued expenses and other current liabilities 70,327 82,447 88,310
Operating lease liabilities 69,817 74,720 64,534
Total current liabilities 234,386 209,061 267,614
Deferred tax liabilities 301 287 0
Operating lease liabilities, noncurrent 167,312 185,076 188,174
Revolving Credit Facility 99,000 0 101,500
Long-term debt, net 752,875 752,055 751,077
Other long-term liabilities 2,912 2,988 4,050
Total liabilities 1,256,786 1,149,467 1,312,415
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 50,000,000 shares authorized and 9,357,972, 9,290,311, and 9,270,082 issued and outstanding as of April 4, 2026, October 4, 2025, and March 29, 2025. 9 9 9
Additional paid-in capital 115,308 113,174 110,621
Retained deficit (656,643) (521,175) (380,089)
Total stockholders’ deficit (541,326) (407,992) (269,459)
Total liabilities and stockholders’ deficit $ 715,460 $ 741,475 $ 1,042,956