SEGMENT INFORMATION (Tables)

4 Months Ended

Jun. 14, 2025

Schedule of Segment Reporting Information, by Segment

The following table presents segment information for Net sales and other revenue, significant segment expenses and Retail segment EBITDA (in millions):


	16 weeks ended
		June 14, 2025		June 15, 2024
Retail segment sales		$	24,644.4	$	24,041.6
Other revenue (1)		236.4		223.8
Net sales and other revenue		$	24,880.8	$	24,265.4

Retail segment expenses:
Merchandise costs, including advertising, distribution and freight		17,620.9		17,086.5
Employee costs (2)		3,660.2		3,550.1
Other segment expenses (3)		2,080.6		2,035.2
Retail segment EBITDA		$	1,282.7	$	1,369.8

Reconciliation to Income before income taxes:
Corporate adjustments (4)		(171.7)		(185.9)
Depreciation and amortization		(572.7)		(552.0)
Interest expense, net		(141.8)		(145.7)

Business transformation (5)		(38.3)		(17.3)
Equity-based compensation expense		(33.7)		(36.7)
Gain (loss) on property dispositions and impairment losses, net		31.9		(5.3)
LIFO expense		(17.3)		(14.6)
Merger-related costs (6)		(19.0)		(92.3)
Certain legal and regulatory accruals and settlements, net		(2.6)		8.9
Miscellaneous adjustments (7)		(6.1)		(19.0)
Income before income taxes		$	311.4	$	309.9

(1) Primarily includes wholesale sales to third parties and other miscellaneous revenue not included in Retail segment sales.

(2) Includes wages, salaries, benefits, insurance and other employee-related costs.

(3) Primarily includes rent and occupancy costs, debit and credit card fees, supplies, divisional support costs and allocated corporate costs.

(4) Primarily includes bonus compensation, unallocated corporate costs and contribution from the Company's wholesale and other sales.

(5) Includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and employee termination costs.

(6) The 16 weeks ended June 14, 2025 primarily relates to litigation costs and retention program expense related to the terminated merger. The 16 weeks ended June 15, 2024 primarily includes third-party legal and advisor fees and retention program expense related to the Merger.

(7) Primarily includes net realized and unrealized gains and losses related to non-operating investments, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, gains and losses on energy hedges and other items not allocated to the segment.