Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 25, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables show the Company’s segment information for the periods presented:
Thirteen Weeks Ended
September 25, 2025 September 26, 2024
in thousands Retail Other (1) Consolidated Retail Other (1) Consolidated
Net sales $ 1,118,570  $ 60,957  $ 1,179,527  $ 1,064,102  $ 53,824  $ 1,117,926 
Less:
Cost of sales 625,690  595,424 
Personnel expense (2) 189,176  178,501 
Property cost (3) 142,795  134,927 
Other segment items (4) 92,159  92,306 
Operating income (5) 68,750  3,267  72,017  62,944  3,373  66,317 
Interest expense, net 591  189 
Income before income taxes $ 71,426  $ 66,128 
Thirty-nine Weeks Ended
September 25, 2025 September 26, 2024
in thousands Retail Other (1) Consolidated Retail Other (1) Consolidated
Net sales $ 3,375,600  $ 178,817  $ 3,554,417  $ 3,182,592  $ 165,762  $ 3,348,354 
Less:
Cost of sales 1,880,198  1,787,602 
Personnel expense (2) 577,708  529,762 
Property cost (3) 425,729  396,659 
Other segment items (4) 284,236  283,064 
Operating income (5) 207,729  10,411  218,140  185,505  11,451  196,956 
Interest expense, net 3,215  2,807 
Income before income taxes $ 214,925  $ 194,149 
(1)Represents the Company’s non-reportable operating segment.
(2)Personnel expense is primarily comprised of store and store support center compensation including wages, incentive compensation, and benefits.
(3)Property cost is primarily comprised of rent, common area maintenance, utilities, property taxes, and insurance, as well as depreciation and amortization of leasehold improvements, buildings and improvements, furniture, fixtures, and equipment, and computer software and hardware at stores and the store support center.
(4)Other segment items expense is comprised of advertising costs, credit card fees, information technology costs, and other operating expenses.
(5)Includes depreciation and amortization expense of $58.5 million and $56.2 million for the thirteen weeks ended September 25, 2025 and September 26, 2024, respectively, and $174.8 million and $167.7 million for the thirty-nine weeks ended September 25, 2025 and September 26, 2024, respectively, in our Retail segment.