Using your own words, state your opinion with regards to the companys outlook for the future.. A minimum of three complete sentences is required to be included in your opinion.

COSTS AND EXPENSES Cost of Sales ($'s in thousands) Cost of sales - factory Cost of sales retail Franchise costs Sales and marketing General and administrative Retail operating Total Gross Margin ($'s in thousands) Factory gross margin Retail gross margin Total Gross Margin (Percent) Factory gross margin Retail gross margin Total Adjusted Gross Margin (a non-GAAP measure) ($'s in thousands) Factory gross margin Plus: depreciation and amortization Factory adjusted gross margin Retail gross margin Total Adjusted Gross Margin Factory adjusted gross margin Retail gross margin Total Adjusted Gross Margin 31 $ $ $ $ 2021 2021 2021 2021 For the Year Ended. February 28 or 29, 15,473.8 $ 644.8 1,715.6 1,712.8 5,258.0 1,381.8 26,186.8 $ For the Year Ended February 28 or 29, $ 1,847.2 1,213.7 3,060.9 $ For the Year Ended. February 28 or 29, 10.7% 65.3% 16.0% For the Year Ended February 28 or 29, 1,847.2 $ 625.5 2,472.7 1,213.7 3,686.4 $ 14.3% 65.3% 19.2% 2020 2020 2020 2020 17,091.1 $ 1,123.8 1,882.2 1,922.6 5,736.0 1,791.7 29,547.4 4,425.4 2,078.7 6,504.1 $ 23.3% 64.9% 28.7% $ $ 20.6% 64.9% 26.3% 4,425.4 $ 597.4 5,022.8 2,078,7 7,101.5 $ $ Change (1,617.3) (479.0) (166.6) (209.8) (478.0) (409.9) (3,360.6) (2,578.2) (865.0) (3,443.2) $ Change % Change $ Change (9.9)% 0.4% (10.3)% (2,578.2) 28.1 (2,550.1) (865.0) (3,415.1) (9.0)% 0.4% (9.5)% % Change % Change % Change % Change (9.5)% (42.6)% (8.9)% (10.9)% (8.3)% (22.9)% (11.4)% (58.3)% (41.6)% (52.9)% (48.1)% 0.6% (39.2)% (58.3)% 4.7% (50.8)% (41.6)% (48.1)% (38.6)% 0.6% (33.1)% REVENUES ($'s in thousands) Factory sales Retail sales Franchise fees Royalty and marketing fees Total $ 2021 For the Year Ended February 28 or 29, 17,321.0 1,858.5 226.7 4,074.5 23,480.7 $ 2020 21,516.5 3,202.5 325.0 6,805.8 31,849.8 $ $ $ Change (4,195.5) (1,344.0) (98.3) (2,731.3) (8,369.1) % Change (19.5)% (42.0)% (30.2)% (40.1)% (26.3)% The table below presents significant contractual obligations of the Company at February 28, 2021. (Amounts in thousands) Contractual Obligations Total Operating leases Purchase contracts Other long-term obligations Total $ 1,991 377 174 2,542 $ $ Less than 1 year 635 377 60 1,072 69 2-3 Years 688 65 753 $ 4-5 years 179 49 228 $ $ More Than 5 years 489 489 COSTS AND EXPENSES Cost of Sales ($'s in thousands) Cost of sales - factory Cost of sales retail Franchise costs Sales and marketing General and administrative Retail operating Total Gross Margin ($'s in thousands) Factory gross margin Retail gross margin Total Gross Margin (Percent) Factory gross margin Retail gross margin Total Adjusted Gross Margin (a non-GAAP measure) ($'s in thousands) Factory gross margin Plus: depreciation and amortization Factory adjusted gross margin Retail gross margin Total Adjusted Gross Margin Factory adjusted gross margin Retail gross margin Total Adjusted Gross Margin 31 $ $ $ $ 2021 2021 2021 2021 For the Year Ended. February 28 or 29, 15,473.8 $ 644.8 1,715.6 1,712.8 5,258.0 1,381.8 26,186.8 $ For the Year Ended February 28 or 29, $ 1,847.2 1,213.7 3,060.9 $ For the Year Ended. February 28 or 29, 10.7% 65.3% 16.0% For the Year Ended February 28 or 29, 1,847.2 $ 625.5 2,472.7 1,213.7 3,686.4 $ 14.3% 65.3% 19.2% 2020 2020 2020 2020 17,091.1 $ 1,123.8 1,882.2 1,922.6 5,736.0 1,791.7 29,547.4 4,425.4 2,078.7 6,504.1 $ 23.3% 64.9% 28.7% $ $ 20.6% 64.9% 26.3% 4,425.4 $ 597.4 5,022.8 2,078,7 7,101.5 $ $ Change (1,617.3) (479.0) (166.6) (209.8) (478.0) (409.9) (3,360.6) (2,578.2) (865.0) (3,443.2) $ Change % Change $ Change (9.9)% 0.4% (10.3)% (2,578.2) 28.1 (2,550.1) (865.0) (3,415.1) (9.0)% 0.4% (9.5)% % Change % Change % Change % Change (9.5)% (42.6)% (8.9)% (10.9)% (8.3)% (22.9)% (11.4)% (58.3)% (41.6)% (52.9)% (48.1)% 0.6% (39.2)% (58.3)% 4.7% (50.8)% (41.6)% (48.1)% (38.6)% 0.6% (33.1)% REVENUES ($'s in thousands) Factory sales Retail sales Franchise fees Royalty and marketing fees Total $ 2021 For the Year Ended February 28 or 29, 17,321.0 1,858.5 226.7 4,074.5 23,480.7 $ 2020 21,516.5 3,202.5 325.0 6,805.8 31,849.8 $ $ $ Change (4,195.5) (1,344.0) (98.3) (2,731.3) (8,369.1) % Change (19.5)% (42.0)% (30.2)% (40.1)% (26.3)% The table below presents significant contractual obligations of the Company at February 28, 2021. (Amounts in thousands) Contractual Obligations Total Operating leases Purchase contracts Other long-term obligations Total $ 1,991 377 174 2,542 $ $ Less than 1 year 635 377 60 1,072 69 2-3 Years 688 65 753 $ 4-5 years 179 49 228 $ $ More Than 5 years 489 489