Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

v3.24.2.u1
REVENUES (Tables)
6 Months Ended
Jun. 29, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or Non-U.S. Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales from company-operated Wrangler® and Lee® branded full-price and outlet stores, online and international concession arrangements.
Other includes sales and licensing of Rock & Republic®, other company-owned brands and private label apparel.
Three Months Ended June 2024
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 353,376  $ 96,613  $ 2,162  $ 452,151 
Non-U.S. Wholesale 40,294  41,662  —  81,956 
Direct-to-Consumer 35,575  37,024  192  72,791 
Total $ 429,245  $ 175,299  $ 2,354  $ 606,898 
Geographic revenues
U.S. $ 382,977  $ 110,899  $ 2,354  $ 496,230 
International 46,268  64,400  —  110,668 
Total $ 429,245  $ 175,299  $ 2,354  $ 606,898 
Three Months Ended June 2023
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 355,207  $ 98,218  $ 2,366  $ 455,791 
Non-U.S. Wholesale 38,104  51,232  —  89,336 
Direct-to-Consumer 32,174  38,558  150  70,882 
Total $ 425,485  $ 188,008  $ 2,516  $ 616,009 
Geographic revenues
U.S. $ 382,111  $ 114,248  $ 2,516  $ 498,875 
International 43,374  73,760  —  117,134 
Total $ 425,485  $ 188,008  $ 2,516  $ 616,009 
Six Months Ended June 2024
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 682,101  $ 215,760  $ 4,254  $ 902,115 
Non-U.S. Wholesale 84,732  105,280  —  190,012 
Direct-to-Consumer 71,906  73,702  365  145,973 
Total $ 838,739  $ 394,742  $ 4,619  $ 1,238,100 
Geographic revenues
U.S. $ 740,440  $ 243,182  $ 4,619  $ 988,241 
International 98,299  151,560  —  249,859 
Total $ 838,739  $ 394,742  $ 4,619  $ 1,238,100 
Six Months Ended June 2023
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 692,883  $ 233,517  $ 5,594  $ 931,994 
Non-U.S. Wholesale 90,023  117,237  10  207,270 
Direct-to-Consumer 65,726  77,903  239  143,868 
Total $ 848,632  $ 428,657  $ 5,843  $ 1,283,132 
Geographic revenues
U.S. $ 747,240  $ 263,938  $ 5,833  $ 1,017,011 
International 101,392  164,719  10  266,121 
Total $ 848,632  $ 428,657  $ 5,843  $ 1,283,132 
Contract Assets and Liabilities
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) June 2024 December 2023 June 2023
Accounts receivable, net $ 205,019  $ 217,673  $ 186,024 
Contract assets (a)
7,772  10,929  6,034 
Contract liabilities (b)
2,426  1,713  1,921 
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(b) Included within "accrued and other current liabilities" in the Company's balance sheets.