v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Aug. 01, 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):
August 1, 2026January 31, 2026August 2, 2025
Current:
   Rewards programs:
   Royalty revenue$6,870 $10,572 $7,297 
   Co-brand initiatives2,349 2,910 3,143 
   Total rewards programs9,219 13,482 10,440 
    Membership291,015 240,643 267,382 
    Gift card program17,162 18,252 16,274 
    E-commerce sales9,718 9,059 6,623 
Long-term:
    Rewards programs:
   Co-brand initiatives1,959 2,324 2,154 
      Total deferred revenue$329,073 $283,760 $302,873 
The following table presents deferred revenue activity related to earned rewards (in thousands):
Twenty-six Weeks Ended
August 1, 2026August 2, 2025
Earned rewards balance, beginning of period$71,427 $57,474 
Rewards earned192,992 182,567 
Revenue recognized on rewards(188,196)(174,522)
Earned rewards balance, end of period$76,223 $65,519 
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):
Twenty-six Weeks Ended
August 1, 2026August 2, 2025
Rewards programs:
Royalty revenue$10,572 $9,972 
Co-brand initiatives1,747 1,924 
Total rewards programs12,319 11,896 
Membership184,148 184,185 
Gift card program3,860 3,743 
E-commerce sales9,059 7,839 
Total revenue$209,386 $207,663 
Summary of Disaggregation of Revenue
The following table summarizes the Company’s percentage of net sales disaggregated by category:
Thirteen Weeks EndedTwenty-six Weeks Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Perishables, Grocery, and Sundries65%71%67%72%
General Merchandise and Services10%11%10%10%
Gasoline and Other25%18%23%18%