Quarterly report [Sections 13 or 15(d)]

Segment Information

v3.25.3
Segment Information
 9 Months Ended
Sep. 30, 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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net sales
 $ 147,077  $ 149,903  $ 436,258  $ 415,674 
Cost of sales
 60,094  62,983  183,275  177,111 
Gross profit
 $ 86,983  $ 86,920  $ 252,983  $ 238,563 
Gross margin
 59.1  % 58.0  % 58.0  % 57.4  %