BRAND HOUSE COLLECTIVE, INC.

Listed Company

TBHCCIK 0001056285NasdaqNon-AcceleratedSmaller ReportingRetail-Retail Stores, NecFY ends Jan 31

Period

FY 2025

Revenue

$441.36M

Net Income

$-23.10M

Total Assets

$242.19M

Equity

$-19.02M

Shares Out

22.46M

Op. Cash Flow

$-19.30M

Business

BRAND HOUSE COLLECTIVE, INC. is a specialty retailer of home décor and furnishings operating under the Kirkland’s Home brands. It offers curated, affordable seasonal home décor, furniture, textiles, decorative accessories, art, fragrance, outdoor items and gifts through brick-and-mortar stores and an e-commerce website, plus loyalty and private-label credit services. The business is organized around omni-channel retailing with store operations, merchandising, distribution and e-commerce functions, and a collaboration with Beyond that licenses additional small-format brands. It distributes merchandise across approximately 35 states via company and third-party fulfillment centers and multiple retail formats.

Summary from filing dated 2025-05-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31	FY 2021 2021-01-31
Net sales	441	469	499	558	543
Cost of sales	319	342	379	370	371
Gross profit	122	127	120	188	173
Compensation and benefits	78	82	85	85	86
Other operating expenses	55	63	69	71	63
Depreciation (exclusive of depreciation included in cost of sales)	4	5	6	7	6
Asset impairment	109,000	2	2	754,000	9
Total operating expenses	136	151	163	163	165
Operating loss	−14	−24	−43	25	8
Interest expense	6	3	2	320,000	571,000
Loss on extinguishment of debt	−3	0	0	—	—
Other income	−504,000	−499,000	−335,000	−344,000	−376,000
Loss before income taxes	−23	−27	−44	25	8
Income tax expense	316,000	519,000	543,000	3	−9
Net loss	−23	−28	−45	22	17
Basic (per share)	−1.77	−2.16	−3.52	1.61	1.18
Diluted (per share)	−1.77	−2.16	−3.52	1.51	1.12
Basic (shares)	13	13	13	14	14
Diluted (shares)	13	13	13	15	15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31	FY 2021 2021-01-31
Cash and cash equivalents	4	4	5	25	100
Inventories, net	82	74	84	114	62
Prepaid expenses and other current assets	6	8	5	11	8
Total current assets	91	86	94	150	171
Equipment	19	19	20	20	20
Furniture and fixtures	61	64	67	70	73
Leasehold improvements	98	100	104	106	110
Computer software and hardware	79	79	82	77	79
Projects in progress	287,000	647,000	743,000	3	1
Property and equipment, gross	257	263	272	277	283
Accumulated depreciation	−235	−233	−234	−227	−220
Property and equipment, net	22	30	39	50	63
Operating lease right-of-use assets	121	127	135	125	147
Other assets	8	9	7	7	6
Total assets	242	251	274	331	387
Accounts payable	44	46	44	63	55
Accrued expenses and other liabilities	20	23	—	—	—
Operating lease liabilities	39	40	41	41	45
Current debt, net	49	0	—	—	—
Total current liabilities	153	109	111	135	138
Operating lease liabilities	95	100	115	111	149
Long-term debt, net	10	34	—	—	—
Other liabilities	3	4	4	4	6
Total liabilities	261	247	244	250	292
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at February 1, 2025, and February 3, 2024	0	0	0	0	0
Common stock, no par value, 100,000,000 shares authorized; 13,117,942 and 12,926,022 shares issued and outstanding at February 1, 2025, and February 3, 2024, respectively	178	177	175	176	174
Accumulated deficit	−197	−173	−146	−95	−79
Total shareholders deficit equity	−19	3	30	81	95
Total liabilities and shareholders equity	242	251	274	331	387

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31	FY 2021 2021-01-31
Depreciation of property and equipment	10	12	17	20	23
Amortization of debt issuance costs and original issue discount costs	898,000	124,000	91,000	91,000	93,000
Loss on disposal of property and equipment	17,000	9,000	185,000	195,000	87,000
Stock-based compensation expense	1	1	2	2	1
Inventories, net	−8	10	30	−52	33
Prepaid expenses and other current assets	2	−3	5	−2	−2
Accounts payable	−2	2	−18	6	−3
Accrued expenses	−3	−3	−5	−7	7
Operating lease assets and liabilities	100,000	−9	−6	−19	−9
Other assets and liabilities	−1	198,000	−490,000	−2	−2
Net cash used in operating activities	−19	−15	−18	−31	79
Proceeds from sale of property and equipment	38,000	148,000	59,000	68,000	209,000
Capital expenditures	−2	−5	−8	−7	−9
Net cash used in investing activities	−2	−5	−8	−7	−8
Borrowings on revolving line of credit	45	64	60	0	40
Repayments on revolving line of credit	−36	−45	−45	0	−40
Borrowings on FILO term loan	10	0	0	—	—
Repayments on FILO term loan	−10	0	0	—	—
Payment of prepayment penalties on extinguishment of debt	−3	0	0	—	—
Proceeds from Beyond transaction	17	0	0	—	—
Payments of debt and equity issuance costs	−2	−1	0	0	−26,000
Cash used in net share settlement of stock options and restricted stock units	−51,000	−84,000	−2	−379,000	−60,000
Repurchase and retirement of common stock	0	0	−6	−37	−178,000
Net cash provided by financing activities	22	18	6	−37	131,000
Net increase (decrease)	15,000	−1	−20	−75	70
Interest paid	5	3	1	201,000	442,000
Income taxes paid	335,000	561,000	2	4	−12
Non-cash accruals for purchases of property and equipment	369,000	504,000	699,000	1	396,000
Non-cash accruals for debt issuance costs	534,000	1	0	0	—
Increase in operating lease liabilities from new or modified leases	29	29	47	6	4

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro