Annual report pursuant to Section 13 and 15(d)

Note 3 - Revenue Recognition

v3.23.4
Note 3 - Revenue Recognition
 12 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

 

Note 3—Revenue Recognition

 

Our revenue streams consist of wholesale, direct-to-consumer ecommerce and retail stores which are included in our Consolidated Statements of Operations. The table below identifies the amount and percentage of net sales by distribution channel (in thousands):

 

   

Year Ended

  
   

September 2023

     September 2022  
    $    

%

     $    

%

  

Retail

   $ 16,478      

4

%

   $ 13,970       3

%

Direct-to-consumer ecommerce

     6,141       2

%

     4,647       1

%

Wholesale

     392,732       94

%

     466,242       96

%

Net Sales

   $ 415,351       100

%

   $ 484,859       100

%

 

The table below provides net sales by reportable segment (in thousands) and the percentage of net sales by distribution channel for each reportable segment:

 

   

Year Ended September 2023

  
   

Net Sales

    

Retail

    

Direct-to-Consumer ecommerce

    

Wholesale

  

Delta Group

   $ 356,336       0.0

%

     0.3

%

     99.7

%

Salt Life Group

     59,015       27.7

%

     8.7

%

     63.6

%

Total

   $ 415,351                          

 

   

Year Ended September 2022

  
   

Net Sales

    

Retail

    

Direct-to-Consumer ecommerce

    

Wholesale

  

Delta Group

   $ 424,799       0.1

%

     0.3

%

     99.6

%

Salt Life Group

     60,060       22.6

%

     5.6

%

     71.8

%

Total

   $ 484,859