Quarterly report [Sections 13 or 15(d)]

Revenue

v3.26.1
Revenue
 3 Months Ended
Mar. 26, 2026
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 primarily consisted of deferred revenue as well as amounts in accrued expenses and other current liabilities related to our Pro Premier Rewards loyalty program and unredeemed gift cards. As of March 26, 2026, contract liabilities totaled $87.9 million and included $57.8 million of loyalty program liabilities, $18.6 million of deferred revenue, and $11.5 million of unredeemed gift cards. As of December 25, 2025, contract liabilities totaled $77.9 million and included $57.9 million of loyalty program liabilities, $10.7 million of deferred revenue, and $9.3 million of unredeemed gift cards. Of the contract liabilities outstanding as of December 25, 2025, approximately $12.2 million was recognized in revenue during the thirteen weeks ended March 26, 2026.
Disaggregated Revenue
The Company has one reportable segment. The following table presents the net sales of each major product category:
Thirteen Weeks Ended
March 26, 2026 March 27, 2025
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Tile $ 275,384  24  % $ 262,202  23  %
Laminate and vinyl 261,129  23  291,303  25 
Installation materials and tools 248,406  22  232,107  20 
Decorative accessories and wall tile 201,095  17  196,112  17 
Wood 83,332  7  82,492  7 
Natural stone 50,274  4  50,506  4 
Adjacent categories 26,150  2  30,608  3 
Other (1)
6,508  1  15,410  1 
Total $ 1,152,278  100  % $ 1,160,740  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.