Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 25, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The following tables show the Company’s segment information for the periods presented:
Thirteen Weeks Ended
June 25, 2026 June 26, 2025
in thousands Retail
Other (1)
Consolidated Retail
Other (1)
Consolidated
Net sales $ 1,185,713  $ 64,557  $ 1,250,270  $ 1,150,986  $ 63,164  $ 1,214,150 
Less:
Cost of sales 602,776  638,419 
Personnel expense (2)
214,332  195,086 
Property cost (3)
146,607  141,133 
Other segment items (4)
101,474  99,298 
Operating income (5)
120,524  3,460  123,984  77,050  4,844  81,894 
Interest (income) expense, net (2,278) 1,076 
Loss on extinguishment of debt 1,328  — 
Income before income taxes $ 124,934  $ 80,818 
Twenty-six Weeks Ended
June 25, 2026 June 26, 2025
in thousands Retail
Other (1)
Consolidated Retail
Other (1)
Consolidated
Net sales $ 2,288,233  $ 114,315  $ 2,402,548  $ 2,257,029  $ 117,861  $ 2,374,890 
Less:
Cost of sales 1,211,994  1,254,508 
Personnel expense (2)
413,051  388,532 
Property cost (3)
292,650  282,935 
Other segment items (4)
195,246  192,075 
Operating income (5)
175,292  1,088  176,380  138,979  7,144  146,123 
Interest (income) expense, net (1,145) 2,624 
Loss on extinguishment of debt 1,328  — 
Income before income taxes $ 176,197  $ 143,499 
(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 $61.6 million and $58.1 million for the thirteen weeks ended June 25, 2026 and June 26, 2025, respectively, and $121.0 million and $116.3 million for the twenty-six weeks ended June 25, 2026 and June 26, 2025, respectively, in our Retail segment.