Quarterly report [Sections 13 or 15(d)]

Segment Information

v3.25.1
Segment Information
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has determined that its four brands are each an operating segment and has aggregated its operating segments into one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. The Chief Executive Officer of the Company is the CODM. The CODM uses both gross margin and Adjusted EBITDA as measures of profit or loss to evaluate performance and allocate resources. Gross margin is disclosed below as the segment profit measure as it is most consistent with the amounts included in the Company’s consolidated financial statements.
The following table sets forth gross margin for the periods shown:
Three Months Ended March 31,
2025 2024
Net sales
$ 128,657  $ 116,840 
Cost of sales
55,001  51,166 
Gross profit
$ 73,656  $ 65,674 
Gross margin
57.2  % 56.2  %