“Interest Expense (Income), Net Fiscal Years Ending Increase/(Decrease) January 31, February 1, 2026 2025 (In thousands) (In thousands) (Percentage) Interest expense (income) net $ 4,112 $ (7,769 ) $ (11,881 ) 153 % Interest expense (income) as a percentage of net revenue 0.1 % (0.1 ) % -20 basis points The increase in interest expense (income), net was primarily attributable to a $7 million reduction in interest income as a result of lower investable cash balances, as well as a $5 million increase in interest expense as a result of borrowings on our Credit Facility (as defined below) in Fiscal 2025.”
“As set forth below, for Fiscal 2024, we recorded $10.7 million of employee severance related to corporate restructuring, and $6.8 million of impairment and restructuring costs due to the sale of our Hong Kong retail operations.”
“Net revenues increased $159.8 million in North America, mainly driven by strong demand across all end markets, with particularly strong performance in Vended, an increase of 11% , and Commercial In-Home, an increase of 26% , end markets.”