Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.25.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2024
Dec. 28, 2023
Dec. 29, 2022
Income Statement [Abstract]      
Net sales $ 4,455,770 $ 4,413,884 $ 4,264,473
Cost of sales 2,527,519 2,555,536 2,536,757
Gross profit 1,928,251 1,858,348 1,727,716
Operating expenses:      
Selling and store operating 1,362,325 1,239,225 1,078,466
General and administrative 266,165 252,713 213,848
Pre-opening 43,585 44,982 38,642
Total operating expenses 1,672,075 1,536,920 1,330,956
Operating income 256,176 321,428 396,760
Interest expense, net 2,773 9,897 11,138
Income before income taxes 253,403 311,531 385,622
Income tax expense 47,531 65,551 87,427
Net income 205,872 245,980 298,195
Change in fair value of hedge instruments, net of tax (1,462) (2,915) 3,802
Total comprehensive income $ 204,410 $ 243,065 $ 301,997
Basic earnings per share (in dollars per share) $ 1.92 $ 2.31 $ 2.82
Diluted earnings per share (in dollars per share) $ 1.90 $ 2.28 $ 2.78