Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the twenty-six weeks ended August 2, 2026 and August 3, 2025 were as follows:


	Twenty-Six Weeks Ended
(In millions)	8/2/26		8/3/25
Deferred revenue balance at beginning of period	$	49.0	$	55.3

Net additions to deferred revenue during the period	44.7		41.6
Reductions in deferred revenue for revenue recognized during the period (1)	(41.0)		(46.1)

Deferred revenue balance at end of period	$	52.7	$	50.8

(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period and does not contemplate revenue recognized from amounts deferred during the period. The amounts include $4.6 million and $7.0 million of revenue recognized during the thirteen weeks ended August 2, 2026 and August 3, 2025, respectively.

The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $3.9 million, $4.7 million and $5.5 million as of August 2, 2026, February 1, 2026 and August 3, 2025, respectively.