Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.2
Revenue
 6 Months Ended
Jun. 26, 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 Sheets as of June 26, 2025 and December 26, 2024 primarily consisted of deferred revenue as well as unredeemed gift cards in accrued expenses and other current liabilities. As of June 26, 2025, contract liabilities totaled $21.3 million and included $14.1 million of deferred revenue and $7.2 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 $16.9 million was recognized in revenue during the twenty-six weeks ended June 26, 2025.
Disaggregated Revenue
The Company has one reportable segment. The following tables present the net sales of each major product category:
Thirteen Weeks Ended
June 26, 2025 June 27, 2024
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Laminate and vinyl $ 284,164  23  % $ 271,995  24  %
Tile 276,044  23  262,430  23 
Installation materials and tools 252,504  21  232,409  21 
Decorative accessories and wall tile 201,876  17  195,516  17 
Wood 85,214  7  66,390  6 
Natural stone 53,523  4  53,431  5 
Adjacent categories 29,942  2  25,053  2 
Other (1) 30,883  3  25,915  2 
Total $ 1,214,150  100  % $ 1,133,139  100  %
Twenty-six Weeks Ended
June 26, 2025 June 27, 2024
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Laminate and vinyl $ 570,324  24  % $ 537,388  24  %
Tile 537,290  23  518,816  23 
Installation materials and tools 489,848  21  451,896  20 
Decorative accessories and wall tile 399,301  17  389,384  18 
Wood 166,864  7  134,130  6 
Natural stone 104,029  4  103,423  5 
Adjacent categories 60,550  2  48,111  2 
Other (1) 46,684  2  47,280  2 
Total $ 2,374,890  100  % $ 2,230,428  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.