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

Commitments and Contingencies (Tables)

v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 25, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Expense
The table below presents components of lease expense for operating leases within the Company’s Consolidated Statements of Operations and Comprehensive Income:
Fiscal Year Ended
in thousands
Classification
 December 25,
2025		 December 26,
2024		 December 28,
2023
Fixed operating lease cost:
Selling, general and administrative expenses
 $ 204,615  $ 196,141  $ 176,438 
Cost of sales 49,291  23,197  21,336 
Total fixed operating lease cost 253,906  219,338  197,774 
Variable lease cost (1):
Selling, general and administrative expenses
 80,324  72,483  59,923 
Cost of sales 7,345  4,184  4,009 
Total variable lease cost 87,669  76,667  63,932 
Total operating lease cost (2)
$ 341,575  $ 296,005  $ 261,706 
(1)Includes variable costs for common area maintenance, property taxes, and insurance on leased real estate.
(2)Excludes short-term lease costs, which were immaterial for the fiscal years ended December 25, 2025, December 26, 2024, and December 28, 2023.
Schedule of Future Minimum Lease Payments Under Non Cancelable Operating Leases
Future minimum lease payments under non-cancelable operating leases as of December 25, 2025 were as follows:
in thousands
Amount
2026 $ 258,341 
2027 255,376 
2028 235,656 
2029 223,248 
2030 203,514 
Thereafter
 1,442,411 
Total minimum lease payments (1) (2)
2,618,546 
Less: amount of lease payments representing interest
 823,287 
Present value of future minimum lease payments
 1,795,259 
Less: current obligations under leases
 155,661 
Long-term lease obligations
 $ 1,639,598 
(1)Future lease payments exclude approximately $49.1 million of legally binding minimum lease payments for operating leases signed but not yet commenced.
(2)Operating lease payments include $288.7 million related to options to extend lease terms that are reasonably certain of being exercised.