Quarterly report [Sections 13 or 15(d)]

Subsequent Event

v3.25.3
Subsequent Event
9 Months Ended
Sep. 27, 2025
Subsequent Event  
Subsequent Event

Note 9 – Subsequent Event

Lease Termination

Effective on September 29, 2025, the Company entered into a lease termination agreement related to its Virginia distribution center, which was closed during the third quarter of 2025 to optimize the supply chain structure. Pursuant to the terms of the agreement, the Company agreed to pay a termination fee of $485. This amount was included in accrued expenses on the accompanying balance sheets as of September 27, 2025. In connection with the lease termination, the loss on early lease termination of $393 was recorded within other expense (income), net, on the consolidated statements of operations for the thirteen and thirty-nine weeks ended September 27, 2025. The amount of fixed assets that were held for sale are not material.