Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue (Tables)

v3.26.1
Revenue (Tables)
12 Months Ended
Jan. 31, 2026
Revenue  
Schedule of approximate percentage of net sales by primary category

The following table sets forth the approximate percentage of net sales by primary category:

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Fiscal Year Ended

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​

January 31,

​

February 1,

​

February 3,

(Percentage of net sales)

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2026

​

2025

​

2024

Cosmetics

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38%

  ​

39%

  ​

41%

Skincare and wellness

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24%

​

23%

​

22%

Haircare

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19%

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19%

​

20%

Fragrance

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13%

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13%

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11%

Services

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4%

​

4%

​

4%

Other

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2%

​

2%

​

2%

​

​

100%

​

100%

​

100%

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Summary of changes in deferred revenue

The following table provides a summary of the changes included in deferred revenue during fiscal 2025 and 2024:

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Fiscal Year Ended

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​

January 31,

​

February 1,

(In thousands)

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2026

  ​ ​ ​

2025

Beginning balance

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$

492,907

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$

428,788

Additions to contract liabilities (1)

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​

414,137

​

​

362,563

Deductions to contract liabilities (2)

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​

(333,009)

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​

(298,444)

Ending balance

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$

574,035

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$

492,907

(1) Loyalty points and gift cards issued in the current period but not redeemed or expired.
(2) Revenue recognized in the current period related to the beginning liability.