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

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 25, 2025
Dec. 26, 2024
Current assets:    
Cash and cash equivalents $ 249,296 $ 187,669
Income taxes receivable 7,270 21,735
Receivables, net 94,068 101,486
Inventories, net 1,133,083 1,132,599
Prepaid expenses and other current assets 44,214 48,896
Total current assets 1,527,931 1,492,385
Fixed assets, net 1,856,127 1,786,587
Right-of-use assets 1,617,772 1,331,238
Intangible assets, net 146,536 150,203
Goodwill 257,940 257,940
Deferred income tax assets, net 19,298 17,082
Other assets 43,754 15,043
Total long-term assets 3,941,427 3,558,093
Total assets 5,469,358 5,050,478
Current liabilities:    
Current portion of term loan 2,629 2,103
Current portion of lease liabilities 155,661 138,646
Trade accounts payable 683,675 794,855
Accrued expenses and other current liabilities 298,740 295,425
Deferred revenue 10,685 13,163
Total current liabilities 1,151,390 1,244,192
Term loan 193,589 194,527
Lease liabilities 1,639,598 1,351,282
Deferred income tax liabilities, net 49,479 67,832
Other liabilities 26,466 22,487
Total long-term liabilities 1,909,132 1,636,128
Total liabilities 3,060,522 2,880,320
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 25, 2025 and December 26, 2024 0 0
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 107,774,329 shares issued and outstanding at December 25, 2025 and 107,356,999 issued and outstanding at December 26, 2024 108 107
Additional paid-in capital 577,786 547,818
Accumulated other comprehensive income (loss), net 22 (40)
Retained earnings 1,830,920 1,622,273
Total stockholders’ equity 2,408,836 2,170,158
Total liabilities and stockholders’ equity $ 5,469,358 $ 5,050,478