SEC EDGAR · 10-Q
10-Q – 2025-11-20 – R10.htm
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- Revenue Recognition
- Revenue Recognition and Deferred Revenue [Abstract]
- Revenue Recognition | Revenue Recognition Accounts receivable, net from revenue-generating activities were $71 million as of November 1, 2025, $81 million as of February 1, 2025 and $94 million as of November 2, 2024. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 days.
- Revenue Recognition | Revenue Recognition Accounts receivable, net from revenue-generating activities were $71 million as of November 1, 2025, $81 million as of February 1, 2025 and $94 million as of November 2, 2024. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 days. | The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty points and rewards, and direct channel shipments not received by the customer, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $182 million as of November 1, 2025, $197 million as of F
- Revenue Recognition Accounts receivable, net from revenue-generating activities were $71 million as of November 1, 2025, $81 million as of February 1, 2025 and $94 million as of November 2, 2024. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 days. | The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty points and rewards, and direct channel shipments not received by the customer, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $182 million as of November 1, 2025, $197 million as of F | The following table provides a disaggregation of Net Sales for the third quarters of and year-to-date 2025 and 2024:
- The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty points and rewards, and direct channel shipments not received by the customer, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $182 million as of November 1, 2025, $197 million as of F | The following table provides a disaggregation of Net Sales for the third quarters of and year-to-date 2025 and 2024:
- International (b) 73 69 223 216 | Total Net Sales $ 1,594 $ 1,610 $ 4,567 $ 4,520 | _______________
- (a) Results include fulfilled buy online pick up in store orders. | (b) Results include royalties associated with franchised stores and wholesale sales. | The Company’s Net Sales outside of the U.S. include sales from Company-operated stores and its e-commerce site in Canada, royalties associated with franchised stores and wholesale sales. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s Net Sales outside of the U.S. totaled $162 million and $163 million for the third quarters of 2025 and 2024, respectively, and $461 million and $452 million for year-to-date 2025 and 2024, respectively
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XML 23 R10.htm IDEA: XBRL DOCUMENT v3.25.3 Revenue Recognition 9 Months Ended Nov. 01, 2025 Revenue Recognition and Deferred Revenue [Abstract] Revenue Recognition Revenue Recognition Accounts receivable, net from revenue-generating activities were $71 million as of November 1, 2025, $81 million as of February 1, 2025 and $94 million as of November 2, 2024. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 days. The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty points and rewards, and direct channel shipments not received by the customer, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $182 million as of November 1, 2025, $197 million as of February 1, 2025 and $170 million as of November 2, 2024. The Company recognized $104 million as revenue year-to-date 2025 from amounts recorded as deferred revenue at the beginning of the Company’s fiscal year. The following table provides a disaggregation of Net Sales for the third quarters of and year-to-date 2025 and 2024: Third Quarter Year-to-Date 2025 2024 2025 2024 (in millions) Stores - U.S. and Canada (a) $ 1,222 $ 1,220 $ 3,529 $ 3,425 Direct - U.S. and Canada 299 321 815 879 International (b) 73 69 223 216 Total Net Sales $ 1,594 $ 1,610 $ 4,567 $ 4,520 _______________ (a) Results include fulfilled buy online pick up in store orders. (b) Results include royalties associated with franchised stores and wholesale sales. The Company’s Net Sales outside of the U.S. include sales from Company-operated stores and its e-commerce site in Canada, royalties associated with franchised stores and wholesale sales. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s Net Sales outside of the U.S. totaled $162 million and $163 million for the third quarters of 2025 and 2024, respectively, and $461 million and $452 million for year-to-date 2025 and 2024, respectively X - Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. 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