Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 04, 2026
Oct. 04, 2025
Jun. 28, 2025
Current assets      
Cash and cash equivalents $ 45,911 $ 64,340 $ 42,684
Accounts and other receivables, net 32,174 23,217 34,794
Inventories, net 233,425 207,983 273,192
Prepaid expenses and other current assets 39,734 33,249 34,460
Total current assets 351,244 328,789 385,130
Property and equipment, net 75,421 92,544 94,143
Operating lease right-of-use assets 232,130 252,988 260,925
Goodwill and other intangibles, net 28,172 30,732 212,407
Other assets 35,225 36,422 36,888
Total assets 722,192 741,475 989,493
Current liabilities      
Accounts payable 111,023 51,894 91,587
Accrued expenses and other current liabilities 80,045 82,447 104,629
Operating lease liabilities 69,150 74,720 65,755
Total current liabilities 260,218 209,061 261,971
Deferred tax liabilities 295 287 1,549
Operating lease liabilities, noncurrent 168,945 185,076 197,375
Revolving Credit Facility 30,000 0 20,000
Long-term debt, net 753,364 752,055 751,547
Other long-term liabilities 2,108 2,988 3,218
Total liabilities 1,214,930 1,149,467 1,235,660
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 50,000,000 shares authorized and 9,365,475, 9,290,311, and 9,278,924 issued and outstanding as of July 4, 2026, October 4, 2025, and June 28, 2025. 9 9 9
Additional paid-in capital 116,102 113,174 112,183
Retained deficit (608,849) (521,175) (358,359)
Total stockholders’ deficit (492,738) (407,992) (246,167)
Total liabilities and stockholders’ deficit $ 722,192 $ 741,475 $ 989,493