Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2024
Sep. 28, 2023
Sep. 26, 2024
Sep. 28, 2023
Income Statement [Abstract]        
Net sales $ 1,117,926 $ 1,107,812 $ 3,348,354 $ 3,365,763
Cost of sales 632,056 640,357 1,901,424 1,949,557
Gross profit 485,870 467,455 1,446,930 1,416,206
Operating expenses:        
Selling and store operating 339,135 308,581 1,014,888 923,658
General and administrative 67,687 59,870 202,135 185,060
Pre-opening 12,731 14,232 32,951 32,226
Total operating expenses 419,553 382,683 1,249,974 1,140,944
Operating income 66,317 84,772 196,956 275,262
Interest expense, net 189 1,246 2,807 9,006
Income before income taxes 66,128 83,526 194,149 266,256
Income tax expense 14,438 17,603 35,761 57,357
Net income 51,690 65,923 158,388 208,899
Change in fair value of hedge instruments, net of tax (185) (907) (1,501) (1,882)
Total comprehensive income $ 51,505 $ 65,016 $ 156,887 $ 207,017
Basic earnings per share (in dollars per share) $ 0.48 $ 0.62 $ 1.48 $ 1.97
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.61 $ 1.46 $ 1.94