Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.22.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2021
Dec. 31, 2020
Dec. 26, 2019
Income Statement [Abstract]      
Net sales $ 3,433,533 $ 2,425,788 $ 2,045,456
Cost of sales 2,011,267 1,390,896 1,182,442
Gross profit 1,422,266 1,034,892 863,014
Operating expenses:      
Selling and store operating 849,440 654,100 546,853
General and administrative 199,401 144,715 132,386
Pre-opening 34,433 21,498 24,594
Total operating expenses 1,083,274 820,313 703,833
Operating income 338,992 214,579 159,181
Interest expense, net 4,924 8,389 8,801
Gain on early extinguishment of debt 0 (1,015) 0
Income before income taxes 334,068 207,205 150,380
Provision (benefit) for income taxes 50,838 12,224 (251)
Net income 283,230 194,981 150,631
Change in fair value of hedge instruments, net of tax 371 357 (379)
Total comprehensive income $ 283,601 $ 195,338 $ 150,252
Basic earnings per share (in dollars per share) $ 2.71 $ 1.90 $ 1.51
Diluted earnings per share (in dollars per share) $ 2.64 $ 1.84 $ 1.44