Quarterly report [Sections 13 or 15(d)]

Revenue

v3.26.1
Revenue
 6 Months Ended
Jun. 25, 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 June 25, 2026, contract liabilities totaled $82.9 million and included $59.5 million of loyalty program liabilities, $13.4 million of deferred revenue, and $10.0 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 $14.8 million was recognized in revenue during the twenty-six weeks ended June 25, 2026.
Disaggregated Revenue
The Company has one reportable segment. The following tables present the net sales of each major product category:
Thirteen Weeks Ended
June 25, 2026 June 26, 2025
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Tile $ 293,139  24  % $ 276,544  23  %
Laminate and vinyl 285,976  23  299,781  25 
Installation materials and tools 267,221  21  244,819  20 
Decorative accessories and wall tile 204,247  16  200,363  17 
Wood 92,971  8  85,929  7 
Natural stone 53,721  4  53,523  4 
Adjacent categories 26,986  2  29,942  2 
Other (1)
26,009  2  23,249  2 
Total $ 1,250,270  100  % $ 1,214,150  100  %
Twenty-six Weeks Ended
June 25, 2026 June 26, 2025
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Tile $ 568,523  24  % $ 538,746  23  %
Laminate and vinyl 547,105  23  591,084  25 
Installation materials and tools 515,627  22  476,926  20 
Decorative accessories and wall tile 405,342  17  396,475  17 
Wood 176,303  7  168,422  7 
Natural stone 103,995  4  104,029  4 
Adjacent categories 53,136  2  60,550  2 
Other (1)
32,517  1  38,658  2 
Total $ 2,402,548  100  % $ 2,374,890  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.