品牌之家集合公司2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 FORM10-Q ☒Quarterly report pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934For the quarterly period endedAugust 2, 2025 or ☐Transition report pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934For the transition period from ______to ______. Registrant’s telephone number, including area code:(615)872-4800 Former Name, if Changed Since Last Report:Kirkland’s, Inc. Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Common Stock, no par value –22,461,383shares outstanding as of September 9, 2025. THE BRAND HOUSE COLLECTIVE, INC. TABLE OF CONTENTS Item 1.Financial Statements3Condensed Consolidated Balance Sheets (Unaudited) as of August 2, 2025, February 1, 2025, and August 3,20243Condensed Consolidated Statements of Operations (Unaudited) for the 13-week and 26-week periods endedAugust 2, 2025 and August 3, 20244Condensed Consolidated Statements of Shareholders’(Deficit) Equity (Unaudited) for the 13-week and 26-week periods ended August 2, 2025 and August 3, 20245Condensed Consolidated Statements of Cash Flows (Unaudited) for the 26-week periods ended August 2, 2025and August 3, 20246Notes to Condensed Consolidated Financial Statements (Unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3.Quantitative and Qualitative Disclosures About Market Risk29Item 4.Controls and Procedures29 Item 1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.Exhibits SIGNATURES32 THE BRAND HOUSE COLLECTIVE, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)(in thousands, except per share data) THE BRAND HOUSE COLLECTIVE, INC.CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’(DEFICIT) EQUITY (UNAUDITED)(in thousands, except share data) THE BRAND HOUSE COLLECTIVE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(in thousands) THE BRAND HOUSE COLLECTIVE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note1–Description of Business and Basis of Presentation Nature of business— The Brand House Collective, Inc., formerly known as Kirkland’s, Inc., (the “Company”, “we”, “our”or “us”) is a multi-brand merchandising, supply chain and retail operator,managing a portfolio of iconic homeand family brandsincluding Kirkland’s Home and Bed Bath & Beyond Inc.’s, formerly known as Beyond, Inc., (“Beyond”) Bed Bath & BeyondHome, Bed Bath & Beyond, buybuy Baby and Overstock. The Companyoperated309stores in35states as ofAugust 2, 2025, aswell as e-commerce websites, www.kirklands.com and www.bedbathandbeyondhome.com. Principles of consolidation— The condensed consolidated financial statements of the Company include the accounts of TheBrand House Collective, Inc.and its wholly-owned subsidiaries, Kirkland’s Stores, Inc., Kirkland’s DC, Inc., and Kirkland’sTexas, LLC. Significant intercompany accounts and transactions have been eliminated. Basis of presentation— The accompanying unaudited condensed consolidated financial statements have been prepared inaccordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and arepresented in accordance with the requirements of Form10-Q