Hooker Furniture(HOFT) - 2026 Q2 - Quarterly Report

PART I. FINANCIAL INFORMATION Item 1. Financial Statements Presents the unaudited condensed consolidated financial statements and accompanying notes for the period Condensed Consolidated Balance Sheets Condensed Consolidated Balance Sheets (in thousands) | Metric | August 3, 2025 | February 2, 2025 | Change | |:---|:---|:---|:---| | Total Assets | $278,043 | $313,942 | $(35,899) | | Total Liabilities | $84,923 | $109,559 | $(24,636) | | Total Shareholders' Equity | $193,120 | $204,383 | $(11,263) | Condensed Consolidated Statements of Operations Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | Change | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | Change | |:---|:---|:---|:---|:---|:---|:---| | Net Sales | $82,149 | $95,081 | $(12,932) | $167,465 | $188,652 | $(21,187) | | Gross Profit | $16,837 | $20,922 | $(4,085) | $35,838 | $40,294 | $(4,456) | | Operating (Loss) / Income | $(4,401) | $(3,149) | $(1,252) | $(7,965) | $(8,169) | $204 | | Net (Loss) / Income | $(3,277) | $(1,951) | $(1,326) | $(6,329) | $(6,042) | $(287) | | Basic EPS | $(0.31) | $(0.19) | $(0.12) | $(0.60) | $(0.57) | $(0.03) | | Diluted EPS | $(0.31) | $(0.19) | $(0.12) | $(0.60) | $(0.57) | $(0.03) | Condensed Consolidated Statements of Comprehensive (Loss) / Income Condensed Consolidated Statements of Comprehensive (Loss) / Income (in thousands) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Net (loss) / income | $(3,277) | $(1,951) | $(6,329) | $(6,042) | | Actuarial adjustments (net of tax) | $(34) | $(45) | $(68) | $(90) | | Total comprehensive (loss) / income | $(3,311) | $(1,996) | $(6,397) | $(6,132) | Condensed Consolidated Statements of Cash Flows Condensed Consolidated Statements of Cash Flows (in thousands) | Metric | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | Change | |:---|:---|:---|:---| | Net cash provided by operating activities | $18,107 | $5,314 | $12,793 | | Net cash used in investing activities | $(2,021) | $(808) | $(1,213) | | Net cash used in financing activities | $(21,560) | $(5,615) | $(15,945) | | Net decrease in cash and cash equivalents | $(5,474) | $(1,109) | $(4,365) | | Cash and cash equivalents - end of quarter | $821 | $42,050 | $(41,229) | Consolidated Statements of Stockholders' Equity Consolidated Statements of Stockholders' Equity (in thousands) | Metric | Balance at Feb 2, 2025 | Net loss (26 weeks) | Cash dividends paid | Restricted stock compensation (net) | Balance at Aug 3, 2025 | |:---|:---|:---|:---|:---|:---| | Common Stock Amount | $50,474 | - | - | $356 | $50,619 | | Retained Earnings | $153,336 | $(6,329) | $(5,011) | - | $141,996 | | Accumulated Other Comprehensive Income | $573 | $(68) | - | - | $505 | | Total Shareholders' Equity | $204,383 | $(6,329) | $(5,011) | $356 | $193,120 | Notes to Condensed Consolidated Financial Statements - The financial statements are prepared in accordance with SEC rules and GAAP, with management's opinion that all necessary adjustments for fair statement are included[21] - Operating results for interim periods may not be indicative of full fiscal year results[21] - The company is evaluating the impact of new FASB ASUs 2023-09 (Income Taxes) and 2024-03 (Disaggregation of income statement expenses), effective for fiscal 2026 and 2028, respectively[23][24] 1. Preparation of Interim Financial Statements 2. Recently Adopted Accounting Policies 3. Accounts Receivable Accounts Receivable (in thousands) | Metric | August 3, 2025 | February 2, 2025 | |:---|:---|:---| | Gross accounts receivable | $47,132 | $64,344 | | Customer allowances | $(1,084) | $(1,019) | | Allowance for doubtful accounts | $(4,732) | $(5,127) | | Trade accounts receivable | $41,316 | $58,198 | 4. Inventories Inventories (in thousands) | Metric | August 3, 2025 | February 2, 2025 | |:---|:---|:---| | Finished furniture | $70,745 | $82,635 | | Furniture in process | $1,588 | $1,524 | | Materials and supplies | $11,574 | $11,229 | | Inventories at FIFO | $83,907 | $95,388 | | Reduction to LIFO basis | $(25,375) | $(24,633) | | Inventories | $58,532 | $70,755 | 5. Property, Plant and Equipment Property, Plant and Equipment, Net (in thousands) | Metric | August 3, 2025 | February 2, 2025 | |:---|:---|:---| | Total depreciable property, net | $23,857 | $25,163 | | Land | $1,077 | $1,077 | | Construction-in-progress | $3,288 | $1,955 | | Property, plant and equipment, net | $28,222 | $28,195 | 6. Cloud Computing Hosting Arrangement - The company capitalized $287,000 in implementation costs and interest for ERP and supply chain planning software in Q2 FY26, down from $1.2 million in Q2 FY25[31] - Amortization expense for these costs was $368,000 in Q2 FY26, up from $292,000 in Q2 FY25[31] Capitalized Implementation Costs (in thousands) | Metric | August 3, 2025 (Gross carrying amount) | August 3, 2025 (Accumulated amortization) | February 2, 2025 (Gross carrying amount) | February 2, 2025 (Accumulated amortization) | |:---|:---|:---|:---|:---| | Implementation Costs | $17,210 | $(2,287) | $16,782 | $(1,561) | | Interest Expenses | $720 | $(36) | $596 | $(27) | 7. Fair Value Measurements - Company-owned life insurance is measured at fair value on a recurring basis using Level 2 inputs, with changes reflected in income each reporting period[33] Assets Measured at Fair Value (in thousands) | Description | Fair value at August 3, 2025 (Level 2) | Fair value at February 2, 2025 (Level 2) | |:---|:---|:---| | Company-owned life insurance | $30,157 | $29,238 | 8. Intangible Assets - Amortization expenses for intangible assets with definite lives were $872,000 in Q2 FY26 and $1.8 million for H1 FY26, with an expected $1.7 million for the remainder of fiscal 2026[37] Intangible Assets (in thousands) | Metric | August 3, 2025 (Gross carrying amount) | August 3, 2025 (Accumulated Amortization) | February 2, 2025 (Gross carrying amount) | February 2, 2025 (Accumulated Amortization) | |:---|:---|:---|:---|:---| | Goodwill | $15,036 | - | $15,036 | - | | Trademarks and Trade names (indefinite) | $5,180 | - | $5,180 | - | | Customer Relationships | $38,001 | $(24,029) | $38,001 | $(22,349) | | Trademarks and Trade names (definite) | $2,334 | $(1,164) | $2,334 | $(1,062) | | Intangible assets, net | $45,515 | $(25,193) | $45,515 | $(23,411) | 9. Leases - The company entered an agreement to terminate the Georgia warehouse lease by October 31, 2025, expected to reduce right-of-use assets by $10.1 million, lease liabilities by $10.7 million, and lease payments by $13.4 million[40] Lease Costs (in thousands) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Total operating lease cost | $2,639 | $2,699 | $5,318 | $5,447 | | Operating cash outflows | $2,601 | $2,554 | $5,213 | $5,163 | Operating Leases Right-of-Use Assets and Liabilities (in thousands) | Metric | August 3, 2025 | February 2, 2025 | |:---|:---|:---| | Total operating leases right-of-use assets | $41,797 | $45,575 | | Total operating lease liabilities | $44,901 | $48,575 | 10. Long-Term Debt - The company entered an Amended and Restated Loan Agreement on December 5, 2024, providing a revolving credit facility of up to $70 million, with an option to increase by $30 million[41][42] - The facility is secured by a first priority security interest in substantially all of the Borrowers' assets, excluding real estate[47] - As of August 3, 2025, outstanding loans were $5.6 million, letters of credit were $6.7 million, and availability was $57.7 million[51] 11. Earnings Per Share - Due to net losses, approximately 106,000 shares (Q2 FY26) and 115,000 shares (H1 FY26) were excluded from diluted EPS calculation as they would have been antidilutive[56] Earnings Per Share Calculation (in thousands, except per share data) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Net (loss) / income | $(3,277) | $(1,951) | $(6,329) | $(6,042) | | (Loss) / Earnings available for common shareholders | $(3,306) | $(1,992) | $(6,391) | $(6,124) | | Weighted average shares outstanding (Basic & Diluted) | 10,612 | 10,521 | 10,587 | 10,509 | | Basic (loss) / earnings per share | $(0.31) | $(0.19) | $(0.60) | $(0.57) | | Diluted (loss) / earnings per share | $(0.31) | $(0.19) | $(0.60) | $(0.57) | 12. Income Taxes - The differences in effective tax rates reflect the impacts of favorable tax adjustments, specifically the cash surrender value gain of company-owned life insurance, over expected pretax income in fiscal 2025 as opposed to an expected pretax loss in fiscal 2026 under the annualization method[57] Income Tax (Benefit) / Expense and Effective Tax Rate | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Income tax (benefit) / expense (in thousands) | $(1,203) | $85 | $(1,967) | $(731) | | Effective tax rate | 26.9% | -4.5% | 23.7% | 10.8% | 13. Segment Information - The company's segments are Hooker Branded, Home Meridian, Domestic Upholstery, and All Other, with H Contract sales now included in Hooker Branded and Domestic Upholstery[62] Segment Net Sales (in thousands) | Segment | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | % Change | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | % Change | |:---|:---|:---|:---|:---|:---|:---| | Hooker Branded | $36,250 | $35,785 | 1.3% | $73,359 | $72,593 | 1.1% | | Home Meridian | $16,932 | $30,516 | -44.5% | $35,742 | $56,940 | -37.2% | | Domestic Upholstery | $28,677 | $28,556 | 0.4% | $57,590 | $58,583 | -1.7% | | All Other | $290 | $224 | 29.5% | $774 | $536 | 44.4% | | Consolidated | $82,149 | $95,081 | -13.6% | $167,465 | $188,652 | -11.2% | Segment Operating (Loss) / Income (in thousands) | Segment | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | % Change | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | % Change | |:---|:---|:---|:---|:---|:---|:---| | Hooker Branded | $10 | $(329) | 103.0% | $37 | $(150) | 124.7% | | Home Meridian | $(3,916) | $(896) | -337.1% | $(6,754) | $(4,169) | -62.0% | | Domestic Upholstery | $(408) | $(1,285) | 68.2% | $(1,004) | $(2,593) | 61.3% | | All Other | $(87) | $(639) | 86.4% | $(244) | $(1,257) | 80.6% | | Consolidated | $(4,401) | $(3,149) | -39.8% | $(7,965) | $(8,169) | 2.5% | 14. Subsequent Events - On September 9, 2025, the board of directors declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2025[68] Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Provides management's perspective on financial performance, condition, liquidity, and future outlook for the period Forward-Looking Statements - The report contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially, including adverse political acts, general economic conditions, asset impairment, and industry cyclicality[70] - Key risks include challenges in international markets, macroeconomic uncertainties affecting consumer spending, and risks associated with cost reduction plans and the Home Meridian segment restructuring[70] - Other risks involve reliance on offshore sourcing, supply chain disruptions, information system security breaches, and the terms of the Amended and Restated Loan Agreement[71] Quarterly Reporting - This report covers the unaudited condensed consolidated financial statements for the 2026 fiscal year's thirteen-week and twenty-six-week periods ending August 3, 2025, compared to the corresponding periods in fiscal 2025[76] Overview - Hooker Furnishings Corporation is a designer, marketer, and importer of casegoods, leather, fabric-upholstered furniture, lighting, accessories, and home décor for residential, hospitality, and contract markets, also manufacturing premium domestic custom furniture[80][81] Orders and Backlog - Consolidated order backlog decreased by 2.8% from fiscal year-end, driven by Home Meridian's decline due to macroeconomic pressures, tariff-related buying hesitancy, and a major customer's bankruptcy[84] - Domestic Upholstery backlog rose nearly 7% compared to both year-end and prior-year quarter-end, while Hooker Branded's backlog increased nearly 20% from year-end, supported by a 10.6% rise in incoming orders[85] Order Backlog (in thousands) | Reporting Segment | August 3, 2025 | February 2, 2025 | July 28, 2024 | |:---|:---|:---|:---| | Hooker Branded | $15,701 | $13,109 | $15,895 | | Home Meridian | $16,138 | $21,002 | $43,918 | | Domestic Upholstery | $19,313 | $18,123 | $18,066 | | All Other | $- | $402 | $- | | Consolidated | $51,152 | $52,636 | $77,879 | Executive Summary - The home furnishings industry faced challenges in Q2 FY26 due to low existing home sales, elevated mortgage rates, and persistent inflation, leading to reduced consumer demand[86] - Home Meridian's net sales declined by 44.5% in Q2 FY26, and gross margin decreased by 1,330 bps, primarily due to macroeconomic pressures, tariff-related buying hesitancy, and the loss of a major customer[87] - Hooker Branded and Domestic Upholstery segments showed modest net sales recovery in Q2 FY26, though sales volumes remain historically low due to housing market weakness[88] - The company recorded a consolidated net loss of $3.3 million (or $0.31 per diluted share) for Q2 FY26, compared to a $2.0 million net loss (or $0.19 per diluted share) in the prior-year quarter[88] Multi-Phased Cost Reduction Initiatives - The company aims for approximately $25 million in annualized cost savings by fiscal year 2027 through a multi-phase cost reduction strategy[89] - In H1 FY26, $3.7 million in savings were achieved, despite $1.7 million in restructuring charges[89] - Phase 2 actions include closing the Savannah warehouse by October 31, 2025, and operating a new Vietnam warehouse, which has reduced direct container lead times from six months to four to six weeks[94] - Total fixed costs are expected to reduce by approximately $25 million (nearly 25%), with $11 million from warehousing/distribution and $14 million from S&A expenses[92] Results of Operations Consolidated Performance Metrics (% of Net Sales) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Net sales | 100% | 100% | 100% | 100% | | Cost of sales | 79.5% | 78.0% | 78.6% | 78.6% | | Gross profit | 20.5% | 22.0% | 21.4% | 21.4% | | Selling and administrative expenses | 24.8% | 24.3% | 25.1% | 24.7% | | Operating (loss)/income | (5.4)% | (3.3)% | (4.8)% | (4.3)% | | Net (loss)/income | (4.0)% | (2.1)% | (3.8)% | (3.2)% | Consolidated Net Sales - Consolidated net sales decreased by $12.9 million (13.6%) in Q2 FY26 and $21.2 million (11.2%) for H1 FY26, mainly due to Home Meridian's decline[98] - Home Meridian's net sales decreased by 44.5% in Q2 FY26, with 40% from hospitality timing, 35% from macroeconomic pressures/tariffs, and 25% from a major customer's bankruptcy[101] - Consolidated average selling price (ASP) increased due to a favorable product mix shift, as lower-priced Home Meridian unit volume declined by 37.7% in Q2 and 36.7% for H1[99] Consolidated Gross Profit - Consolidated gross profit decreased by $4.1 million in Q2 FY26, and gross margin declined by 150 bps, mainly due to Home Meridian's lower profitability[102] - Home Meridian's gross profit decreased by $4.9 million in Q2 FY26, and gross margin decreased by 1,330 bps due to reduced sales, unfavorable product mix, increased warehousing/distribution expenses, and inventory liquidation losses[104] - Domestic Upholstery's gross profit increased by $659,000 in Q2 FY26, with gross margin rising by 220 bps, driven by consistent material costs and reduced labor/indirect costs[104] Consolidated Selling and Administrative Expenses - Consolidated S&A expenses decreased by $2.8 million in Q2 FY26 and $4.6 million in H1 FY26, driven by cost-reduction and restructuring plans across all segments[103] - As a percentage of net sales, S&A expenses increased in both periods due to the overall decline in net sales[103] - Home Meridian's S&A expenses decreased by $1.9 million in Q2 and $3.0 million in H1, but as a percentage of net sales, they increased by 610 bps and 500 bps, respectively, due to under-absorption from lower sales volumes[109] Intangible Asset Amortization - Intangible asset amortization decreased for Q2 FY26 and H1 FY26 compared to prior-year periods due to the full amortization of the Sam Moore trade name[106] Consolidated Operating (Loss) / Profit - The Q2 FY26 operating loss of $4.4 million was higher than the prior year's $3.1 million loss, driven by $2.0 million in restructuring costs and Home Meridian's weakness[107] - Domestic Upholstery significantly reduced its operating loss by $877,000 (68%) in Q2 FY26 despite $152,000 in restructuring costs[88] Operating (Loss) / Income (in thousands) | Segment | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | % Change | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | % Change | |:---|:---|:---|:---|:---|:---|:---| | Hooker Branded | $10 | $(329) | 103.0% | $37 | $(150) | 124.7% | | Home Meridian | $(3,916) | $(896) | -337.1% | $(6,754) | $(4,169) | -62.0% | | Domestic Upholstery | $(408) | $(1,285) | 68.2% | $(1,004) | $(2,593) | 61.3% | | All Other | $(87) | $(639) | 86.4% | $(244) | $(1,257) | 80.6% | | Consolidated | $(4,401) | $(3,149) | -39.8% | $(7,965) | $(8,169) | 2.5% | Consolidated Income Taxes - The differences in effective tax rates reflect the impacts of favorable tax adjustments, specifically the cash surrender value gain of company-owned life insurance, over expected pretax income in fiscal 2025 as opposed to an expected pretax loss in fiscal 2026 under the annualization method[110] Income Tax (Benefit) / Expense and Effective Tax Rate | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Income tax (benefit) / expense (in thousands) | $(1,203) | $85 | $(1,967) | $(731) | | Effective tax rate | 26.9% | -4.5% | 23.7% | 10.8% | Consolidated Net (Loss) / Income Net (Loss) / Income (in thousands, except per share data) | Metric | 13 Weeks Ended Aug 3, 2025 | 13 Weeks Ended Jul 28, 2024 | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---|:---|:---| | Net (loss) / income | $(3,277) | $(1,951) | $(6,329) | $(6,042) | | Diluted (loss) / earnings per share | $(0.31) | $(0.19) | $(0.60) | $(0.57) | Outlook - The company is focused on scaling its cost structure for profitability, preparing for the October debut of the Margaritaville collection, and pursuing growth in hospitality, contract, and outdoor channels, supported by the new Vietnam warehouse[114] - Home Meridian's fixed cost structure is expected to be aligned by the end of Q3 FY25, positioning it for significantly enhanced performance by the end of the current fiscal year, barring disruptive events[113] - Hooker Legacy orders showed encouraging momentum in July, with Hooker Branded orders up nearly 11% and Domestic Upholstery up 1.6% for the quarter, despite industry headwinds[112] Financial Condition, Liquidity and Capital Resources - Operating cash flow increased significantly due to $17.1 million from trade receivable collections and $12.2 million from inventory reductions, particularly in Hooker Branded and Home Meridian[118] - Financing activities used $21.6 million, primarily due to $16.5 million in repayments on the revolving credit facility[117] Cash Flow Summary (in thousands) | Metric | 26 Weeks Ended Aug 3, 2025 | 26 Weeks Ended Jul 28, 2024 | |:---|:---|:---| | Net cash provided by operating activities | $18,107 | $5,314 | | Net cash used in investing activities | $(2,021) | $(808) | | Net cash used in financing activities | $(21,560) | $(5,615) | | Net decrease in cash and cash equivalents | $(5,474) | $(1,109) | Cash Flows – Operating, Investing and Financing Activities Liquidity, Financial Resources and Capital Expenditures - The company's financial resources include available cash and cash equivalents, expected cash flow from operations, available lines of credit, and cash surrender value of Company-owned life insurance[119] - Short-term cash requirements primarily fund operations, quarterly dividend payments, and capital expenditures for ERP, showroom renovations, and system upgrades[121] Loan Agreements and Revolving Credit Facility - The company entered an Amended and Restated Loan Agreement on December 5, 2024, providing a revolving credit facility of up to $70 million, with an option to increase by $30 million[122][123] - The facility is secured by a first priority security interest in substantially all of the Borrowers' assets, excluding real estate[127] - As of August 3, 2025, outstanding loans were $5.6 million, letters of credit were $6.7 million, and availability was $57.7 million[131] Capital Expenditures - The company expects to spend approximately $1 to $2 million in capital expenditures for the remainder of fiscal 2026 to maintain and enhance operating systems and facilities[132] Enterprise Resource Planning Project - The ERP system went live at Sunset West in December 2022 and in the legacy Hooker divisions in early September 2023[133] Dividends - On September 9, 2025, the board of directors declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2025[134] Critical Accounting Policies - There have been no material changes to the company's critical accounting policies and estimates from those provided in the 2025 Annual Report[135] Item 3. Quantitative and Qualitative Disclosures About Market Risk Outlines the company's exposure to interest rate, raw material price, and foreign currency risks - The company is exposed to interest rate risk on its variable-rate debt, raw materials price risk (wood, fabric, foam), and foreign currency risk for imported products[136][137][138][139] - A 1% increase in the SOFR rate would result in an annual increase of approximately $56,000 in interest expenses at current borrowing levels[137] - The company generally negotiates firm pricing in USD with foreign suppliers for at least one year and does not use derivative financial instruments to manage currency risk[139] Interest Rate Risk Raw Materials Price Risk Currency Risk Item 4. Controls and Procedures Management concluded disclosure controls were effective and reported no material changes in internal control - Management concluded that disclosure controls and procedures were effective as of August 3, 2025[141] - No material changes in internal control over financial reporting occurred during the fiscal quarter ended August 3, 2025[142] Evaluation of Disclosure Controls and Procedures Changes in Internal Control over Financial Reporting PART II. OTHER INFORMATION Item 5. Other Information Confirms no director or officer trading arrangements were adopted, terminated, or modified during the quarter - No director or officer adopted, terminated, or modified a 'Rule 10b5-1 trading arrangement' or 'non-Rule 10b5-1 trading arrangement' during the three months ended August 3, 2025[145] Item 6. Exhibits Lists all exhibits filed with the Form 10-Q, including certifications and interactive data files - The exhibits include the company's Articles of Incorporation, Amended and Restated Bylaws, Rule 13a-14(a) and 13a-14(b) certifications, and Interactive Data Files (Inline XBRL)[145]