Segment Information (Tables)

6 Months Ended

Jun. 29, 2025

Schedule of Segment Financial Information With Respect to the Company’s Single Operating Segment

The following table presents selected financial information with respect to the Company’s single operating segment (in millions):


	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Net sales	$	1,461.6	$	1,413.9	$	2,401.0	$	2,318.7

Less:
Cost of goods sold:
Inventory costs, net of supplier incentives and discounts	860.4		845.9		1,436.6		1,404.4
Freight, handling, and distribution expenses	49.8		40.9		85.1		72.4
Other Cost of goods sold(a)(b)	20.0		16.8		38.1		30.4




Selling, general and administrative expenses:
Compensation expenses	203.1		191.9		407.9		385.4
Facility expenses	61.4		58.7		121.1		114.0
Depreciation and amortization expenses	33.6		32.6		67.3		63.8
Delivery expenses	19.3		20.4		36.6		38.2
Other Selling, general and administrative expenses(c)	31.7		40.2		59.4		70.1


Other income	(5.1)		(3.1)		(9.0)		(7.3)


Interest and other non-operating expenses, net	10.3		9.0		17.7		15.7

Income tax expense	45.0		40.0		35.6		30.3
Net income	$	132.1	$	120.6	$	104.6	$	101.3

_____________

(a) Includes depreciation and amortization expenses of $1.7 million and $3.4 million for the three and six months ended June 29, 2025, and $2.0 million and $3.7 million for the three and six months ended June 30, 2024, respectively.

(b) Primarily includes inventory production, obsolescence, and customer program costs.

(c) Primarily includes professional and legal-related fees, credit card processing, information technology, marketing, and insurance expenses, partially offset by the capitalization of overhead expenses.