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Operating Groups (Tables)

9 Months Ended

Oct. 28, 2023

Operating Groups

Schedule of financial information by operating group

The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other.


		Third Quarter						First Nine Months
		Fiscal 2023			Fiscal 2022			Fiscal 2023			Fiscal 2022
Net sales
Tommy Bahama		$	170,144		$	178,645		$	655,022		$	650,677
Lilly Pulitzer			76,290			84,053			265,089			264,763
Johnny Was ⁽¹⁾			49,105			22,661			150,619			22,661
Emerging Brands			31,155			26,912			96,726			88,588
Corporate and Other			(64)			762			(410)			2,355
Consolidated net sales		$	326,630		$	313,033		$	1,167,046		$	1,029,044

Depreciation and amortization
Tommy Bahama		$	6,299		$	6,576		$	18,356		$	20,110
Lilly Pulitzer			4,372			3,288			11,743			9,384
Johnny Was ⁽¹⁾			4,684			2,184			14,593			2,184
Emerging Brands			504			391			1,389			1,143
Corporate and Other			161			197			398			627
Consolidated depreciation and amortization		$	16,020		$	12,636		$	46,479		$	33,448

Operating income (loss)
Tommy Bahama		$	12,097		$	18,984		$	118,655		$	130,508
Lilly Pulitzer			6,769			12,688			49,851			60,358
Johnny Was ⁽¹⁾			935			117			7,266			117
Emerging Brands			3,709			3,729			10,650			15,456
Corporate and Other			(9,050)			(8,203)			(23,987)			(27,775)
Consolidated operating income			14,460			27,315		$	162,435		$	178,664
Interest expense, net			1,217			698			4,856			1,214
Earnings before income taxes		$	13,243		$	26,617		$	157,579		$	177,450


		October 28, 2023			January 28, 2023			October 29, 2022
Assets
Tommy Bahama ⁽²⁾		$	563,564		$	569,833		$	544,947
Lilly Pulitzer ⁽³⁾			192,566			211,119			192,609
Johnny Was ⁽⁴⁾			331,131			334,603			350,212
Emerging Brands ⁽⁵⁾			86,790			91,306			83,280
Corporate and Other⁽⁶⁾			(11,895)			(18,196)			(30,731)
Consolidated Total Assets		$	1,162,156		$	1,188,665		$	1,140,317

(1)	The Johnny Was business was acquired on September 19, 2022. Activities for the Third Quarter of Fiscal 2022 and First Nine Months of Fiscal 2022 for Johnny Was consist of six weeks of activity from the acquisition date through October 29, 2022.

(2)	Increase in Tommy Bahama total assets from October 29, 2022, includes increases in operating lease assets and property and equipment.

(3)	Change in Lilly Pulitzer total assets from October 29, 2022, includes decreases in operating lease assets and receivables partially offset by an increase in property and equipment.

(4)	Decrease in Johnny Was total assets from October 29, 2022, includes decreases in intangible assets and cash and cash equivalents.

(5)	Increase in Emerging Brands total assets from October 29, 2022, includes increases in operating lease assets.

(6)	Increase in Corporate and Other total assets from October 29, 2022, includes increases in prepaid taxes.

Schedule of net sales by operating group

The tables below quantify net sales, for each operating group and in total (in thousands), and the percentage of net sales by distribution channel for each operating group and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding.


		Third Quarter Fiscal 2023
		Net Sales			Retail		E-commerce		Food & Beverage		Wholesale		Other
Tommy Bahama		$	170,144		45	%	21	%	13	%	21	%	—	%
Lilly Pulitzer			76,290		31	%	58	%	—	%	11	%	—	%
Johnny Was			49,105		39	%	41	%	—	%	20	%	—	%
Emerging Brands			31,155		12	%	41	%	—	%	47	%	—	%
Corporate and Other			(64)		—	%	—	%	—	%	—	%	NM	%
Total		$	326,630		37	%	35	%	7	%	21	%	—	%


		Third Quarter Fiscal 2022
		Net Sales			Retail		E-commerce		Food & Beverage		Wholesale		Other
Tommy Bahama		$	178,645		44	%	20	%	13	%	23	%	—	%
Lilly Pulitzer			84,053		27	%	62	%	—	%	11	%	—	%
Johnny Was ⁽¹⁾			22,661		38	%	41	%	—		21	%	—	%
Emerging Brands			26,912		5	%	40	%	—	%	55	%	—	%
Corporate and Other			762		—	%	—	%	—	%	—	%	NM	%
Total		$	313,033		36	%	34	%	7	%	22	%	—	%


		First Nine Months 2023
		Net Sales			Retail		E‑commerce		Food & Beverage		Wholesale		Other
Tommy Bahama		$	655,022		45	%	23	%	13	%	19	%	—	%
Lilly Pulitzer			265,089		34	%	51	%	—	%	15	%	—	%
Johnny Was			150,619		38	%	40	%	—	%	22	%	—	%
Emerging Brands			96,726		10	%	42	%	—	%	48	%	—	%
Corporate and Other			(410)		—	%	—	%	—	%	—	%	NM	%
Consolidated net sales		$	1,167,046		38	%	34	%	7	%	21	%	—	%


		First Nine Months 2022
		Net Sales			Retail		E‑commerce		Food & Beverage		Wholesale		Other
Tommy Bahama		$	650,677		46	%	23	%	12	%	19	%	—	%
Lilly Pulitzer			264,763		34	%	49	%	—	%	17	%	—	%
Johnny Was ⁽¹⁾			22,661		38	%	41	%	—	%	21	%	—	%
Emerging Brands			88,588		5	%	39	%	—	%	56	%	—	%
Corporate and Other			2,355		—	%	—	%	—	%	—	%	NM	%
Consolidated net sales		$	1,029,044		39	%	31	%	8	%	21	%	—	%

(1)	The Johnny Was business was acquired on September 19, 2022. Activities for the Third Quarter of Fiscal 2022 and First Nine Months of Fiscal 2022 for Johnny Was consist of six weeks of activity from the acquisition date through October 29, 2022.