3. Revenue

The following table disaggregate net sales by geographic region (in thousands):

 

 

 

 

Fiscal Year Ended

 

 

 

 

January 31, 2026

 

 

February 1, 2025

 

 

February 3, 2024

 

United States

 

 

$

707,706

 

 

$

674,158

 

 

$

654,153

 

Europe

 

 

 

148,100

 

 

 

144,988

 

 

 

152,869

 

Canada

 

 

 

49,318

 

 

 

45,814

 

 

 

43,477

 

Australia

 

 

 

23,933

 

 

 

24,242

 

 

 

24,987

 

Net sales

 

 

$

929,057

 

 

$

889,202

 

 

$

875,486

 

Net sales for the year ended January 31, 2026 included a $9.6 million increase due to the change in foreign exchange rates. This consisted of $10.0 million increase in Europe, partially offset by decreases of $0.3 million in Canada, and $0.1 million in Australia. Net sales for the year ended February 1, 2025 included a $3.1 million increase due to the change in foreign exchange rates, which consisted of $1.7 million in Europe, $1.1 million in Canada, and $0.3 million in Australia. Net sales for the year ended February 3, 2024 included a $2.5 million increase due to the change in foreign exchange rates, which consisted of $4.7 million in Europe, which was offset by decrease of $1.2 million in Canada, and decrease of $1.0 million in Australia.

Historical Timeline

Fiscal YearFiled
2026Mar 12, 2026Showing above
2025Mar 13, 2025
2024Mar 14, 2024
2023Mar 20, 2023
2022Mar 14, 2022
2021Mar 15, 2021
2020Mar 16, 2020
2019Mar 18, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.