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Revenue
 12 Months Ended
Mar. 29, 2025
Revenue [Abstract]  
Revenue Note 7 – Revenue

Automotive undercar repair, tire replacement sales and tire related services represent most of our revenues. We also earn revenue from the sale of tire road hazard warranty agreements as well as commissions earned from the delivery of tires on behalf of certain tire vendors.

Revenue from automotive undercar repair, tire replacement sales and tire related services is recognized at the time the customers take possession of their vehicle or merchandise. For sales to certain customers that are financed through the offering of credit on account, payment terms are established for customers based on our pre-established credit requirements. Payment terms vary depending on the customer and generally are 30 days. Based on the nature of receivables, no significant financing components exist. Sales are recorded net of discounts, sales incentives and rebates, sales taxes, and estimated returns and allowances. We estimate the reduction to sales and cost of sales for returns based on current sales levels and our historical return experience. Such amounts are immaterial to our consolidated financial statements.

Revenues

(thousands)

2025

2024

2023

Tires (a)

$

565,102

$

594,465

$

635,283

Maintenance Service

329,284

357,197

356,936

Brakes

157,484

175,421

178,468

Steering

101,410

104,235

109,725

Batteries

23,862

21,610

19,830

Exhaust

16,703

19,068

22,474

Franchise Royalties

1,489

4,793

2,666

Total

$

1,195,334

$

1,276,789

$

1,325,382

(a) Includes the sale of tire road hazard warranty agreements and tire delivery commissions.

Revenue from the sale of tire road hazard warranty agreements is initially deferred and is recognized over the contract period as costs are expected to be incurred, typically 21 to 36 months. The deferred revenue balances at March 29, 2025 and March 30, 2024 were approximately $21.0 million and $21.7 million, respectively, of which $14.7 million and $15.2 million, respectively, are reported in Deferred revenue and $6.3 million and $6.5 million, respectively, are reported in Other long-term liabilities in our Consolidated Balance Sheets.

Changes in Deferred Revenue

(thousands)

2025

2024

Balance at beginning of period

$

21,687

$

22,354

Deferral of revenue

21,085

21,590

Recognition of revenue

(21,724)

(22,257)

Balance at end of period

$

21,048

$

21,687

We expect to recognize $14.7 million of deferred revenue related to road hazard warranty agreements during our fiscal year ending March 28, 2026 and $6.3 million of such deferred revenue thereafter.

Under various arrangements, we receive from certain tire vendors, a delivery commission and reimbursement for the cost of the tire that we may deliver to customers on behalf of the tire vendor. The commission we earn from these transactions is as an agent and the net amount retained is recorded as sales.