v3.26.1
Revenue Recognition (Tables)
 3 Months Ended
May 02, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Deferred Revenue Related to Outstanding Performance Obligations and Revenue Recognized
The following table summarizes the Company’s deferred revenue balance related to outstanding performance obligations for contracts with customers, excluding earned rewards which are noted below (in thousands):
May 2, 2026January 31, 2026May 3, 2025
Current:
   Rewards programs:
   Royalty revenue$6,679 $10,572 $6,913 
   Co-brand initiatives2,580 2,910 3,945 
   Total rewards programs9,259 13,482 10,858 
    Membership285,237 240,643 260,578 
    Gift card program17,083 18,252 15,875 
    E-commerce sales7,928 9,059 6,866 
Long-term:
    Rewards programs:
   Co-brand initiatives2,221 2,324 2,317 
      Total deferred revenue$321,728 $283,760 $296,494 
The following table presents deferred revenue activity related to earned rewards (in thousands):
Thirteen Weeks Ended
May 2, 2026May 3, 2025
Earned rewards balance, beginning of period$71,427 $57,474 
Rewards earned97,116 88,197 
Revenue recognized on rewards(95,924)(84,383)
Earned rewards balance, end of period$72,619 $61,288 
The following table summarizes the Company’s revenue recognized during the period that was included in the opening deferred balance, excluding earned rewards, as of January 31, 2026 and February 1, 2025 (in thousands):
Thirteen Weeks Ended
May 2, 2026May 3, 2025
Rewards programs:
Royalty revenue$10,572 $9,972 
Co-brand initiatives1,111 960 
Total rewards programs11,683 10,932 
Membership107,743 106,337 
Gift card program2,787 2,707 
E-commerce sales9,059 7,839 
Total revenue$131,272 $127,815 
Summary of Disaggregation of Revenue
The following table summarizes the Company’s percentage of net sales disaggregated by category:
Thirteen Weeks Ended
May 2, 2026May 3, 2025
Perishables, Grocery, and Sundries69%73%
General Merchandise and Services10%9%
Gasoline and Other21%18%