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- Newly Disclosed Significant Litigation (new) — The Company disclosed a new intellectual property infringement lawsuit where a loss is reasonably possible but cannot be estimated, replacing the prior statement that no material legal proceedings existed.
Net sales increased 5.2% to $615.5M, with U.S. Wholesale up 11.7% and U.S. Retail up 1.7%.
Filed July 31, 2026 · Period ending July 4, 2026 · Compared to 10-Q Jul 25, 2025 · ~1 min read
Key Changes
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Gross margin expanded to 67.0% from 48.1%, including the IEEPA tariff refund recovery, and higher average unit retail.
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The company appointed Sharon Price John as CEO effective June 15, 2026, incurring $4.7M in leadership transition costs.
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Cash and cash equivalents increased to $653.6M as of July 4, 2026, from $487.1M at the start of the fiscal year.
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 27, 2026 · How we verify