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

Segment Reporting (Tables)

v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 25, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents the Company’s segment information for each of the last three fiscal years:
Fiscal Year Ended
December 25, 2025 December 26, 2024 December 28, 2023
in thousands Retail
Other (1)
Consolidated Retail
Other (1)
Consolidated Retail
Other (1)
Consolidated
Net sales $ 4,440,620  $ 243,468  $ 4,684,088  $ 4,240,556  $ 215,214  $ 4,455,770  $ 4,218,328  $ 195,556  $ 4,413,884 
Less:
Cost of sales 2,474,615  2,379,694  2,425,472 
Personnel expense (2)
769,437  719,360  644,356 
Property cost (3)
564,006  532,079  467,388 
Other segment items (4)
374,905  367,511  378,801 
Operating income (5)
257,657  12,413  270,070  241,912  14,264  256,176  302,311  19,117  321,428 
Interest expense, net 3,409  2,773  9,897 
Income before income taxes $ 266,661  $ 253,403  $ 311,531 
(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 $233.9 million, $225.8 million, and $195.7 million for the fiscal years ended December 25, 2025, December 26, 2024, and December 28, 2023, respectively, in our Retail segment.