Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.3
Revenue
 9 Months Ended
Sep. 25, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Net sales consist of revenue associated with contracts with customers for the sale of goods and services in amounts that reflect the consideration the Company is entitled to receive in exchange for those goods and services.
Deferred Revenue & Contract Liabilities
In accordance with ASC 606, Revenue from Contracts with Customers, the Company recognizes revenue when the customer obtains control of the inventory. Amounts in deferred revenue at period-end reflect orders for which the inventory was not yet ready for physical transfer to customers.
Contract liabilities within the Condensed Consolidated Balance Sheet as of September 25, 2025 primarily consisted of deferred revenue as well as amounts in accrued expenses and other current liabilities related to the Pro Premier Rewards loyalty program and unredeemed gift cards. During the third quarter of fiscal 2025, the Company modified its loyalty program to include a redemption option that allows customers to redeem earned points for gift cards. As of September 25, 2025, contract liabilities totaled $81.4 million and included $60.0 million of loyalty program liabilities, $13.0 million of deferred revenue, and $8.4 million of unredeemed gift cards. As of December 26, 2024, contract liabilities totaled $20.2 million and included $13.2 million of deferred revenue and $7.0 million of unredeemed gift cards. Of the contract liabilities outstanding as of December 26, 2024, approximately $15.2 million was recognized in revenue during the thirty-nine weeks ended September 25, 2025.
Disaggregated Revenue
The Company has one reportable segment. The following tables present the net sales of each major product category:
Thirteen Weeks Ended
September 25, 2025 September 26, 2024
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Laminate and vinyl $ 274,113  23  % $ 271,210  24  %
Tile 268,517  23  255,202  23 
Installation materials and tools 248,930  21  231,400  21 
Decorative accessories and wall tile 193,678  17  188,537  17 
Wood 82,685  7  67,016  6 
Natural stone 51,111  4  50,704  5 
Adjacent categories 28,551  2  27,852  2 
Other (1) 31,942  3  26,005  2 
Total $ 1,179,527  100  % $ 1,117,926  100  %
Thirty-nine Weeks Ended
September 25, 2025 September 26, 2024
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Laminate and vinyl $ 844,437  24  % $ 808,598  24  %
Tile 805,807  23  774,018  23 
Installation materials and tools 738,778  21  683,296  21 
Decorative accessories and wall tile 592,979  17  577,921  17 
Wood 249,549  7  201,146  6 
Natural stone 155,140  4  154,127  5 
Adjacent categories 89,101  2  75,963  2 
Other (1) 78,626  2  73,285  2 
Total $ 3,554,417  100  % $ 3,348,354  100  %
(1)Other includes delivery, sample, and other product revenue and adjustments for deferred revenue, sales returns reserves, and other revenue related adjustments that are not allocated on a product-category basis.