Schedule of Financial Information by Reporting Segments |
Financial information by reportable segment is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Net sales | | | | | | | | North America | $ | 4,982,224 | | | $ | 4,380,304 | | | $ | 9,416,775 | | | $ | 8,420,643 | | EMEA | 3,479,414 | | | 3,319,858 | | | 6,904,151 | | | 6,724,163 | | Asia-Pacific | 3,478,838 | | | 2,994,960 | | | 7,097,020 | | | 6,007,137 | | Latin America | 853,480 | | | 846,317 | | | 1,656,853 | | | 1,724,430 | | Total | $ | 12,793,956 | | | $ | 11,541,439 | | | $ | 25,074,799 | | | $ | 22,876,373 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Significant segment expenses | | | | | | | | Cost of sales | | | | | | | | North America | $ | 4,635,787 | | | $ | 4,050,070 | | | $ | 8,717,727 | | | $ | 7,741,815 | | EMEA | 3,214,261 | | | 3,065,058 | | | 6,383,746 | | | 6,209,245 | | Asia-Pacific | 3,332,841 | | | 2,836,071 | | | 6,808,610 | | | 5,702,932 | | Latin America | 771,908 | | | 761,810 | | | 1,496,795 | | | 1,559,013 | | Total | $ | 11,954,797 | | | $ | 10,713,009 | | | $ | 23,406,878 | | | $ | 21,213,005 | | Compensation | | | | | | | | North America | $ | 215,061 | | | $ | 215,272 | | | $ | 422,254 | | | $ | 437,240 | | EMEA | 137,416 | | | 128,393 | | | 265,466 | | | 255,417 | | Asia-Pacific | 52,969 | | | 52,144 | | | 103,716 | | | 103,580 | | Latin America | 32,698 | | | 34,380 | | | 64,443 | | | 65,736 | | Total | $ | 438,144 | | | $ | 430,189 | | | $ | 855,879 | | | $ | 861,973 | | Depreciation costs | | | | | | | | North America | $ | 21,739 | | | $ | 17,646 | | | $ | 42,336 | | | $ | 34,859 | | EMEA | 3,830 | | | 3,730 | | | 7,344 | | | 7,666 | | Asia-Pacific | 1,463 | | | 1,643 | | | 2,988 | | | 3,302 | | Latin America | 1,051 | | | 1,475 | | | 2,016 | | | 3,140 | | Total | $ | 28,083 | | | $ | 24,494 | | | $ | 54,684 | | | $ | 48,967 | | Intangible asset amortization | | | | | | | | North America | $ | 10,529 | | | $ | 10,537 | | | $ | 21,043 | | | $ | 21,082 | | EMEA | 6,234 | | | 5,955 | | | 12,096 | | | 11,954 | | Asia-Pacific | 4,307 | | | 4,356 | | | 8,584 | | | 8,726 | | Latin America | 797 | | | 856 | | | 1,574 | | | 1,732 | | Total | $ | 21,867 | | | $ | 21,704 | | | $ | 43,297 | | | $ | 43,494 | | Other departmental operating expenses (a) | | | | | | | | North America | $ | 51,034 | | | $ | 47,336 | | | $ | 101,792 | | | $ | 98,259 | | EMEA | 41,738 | | | 42,579 | | | 81,487 | | | 84,413 | | Asia-Pacific | 25,819 | | | 21,948 | | | 45,537 | | | 40,615 | | Latin America | 12,343 | | | 13,653 | | | 25,688 | | | 27,490 | | Total | $ | 130,934 | | | $ | 125,516 | | | $ | 254,504 | | | $ | 250,777 | | Integration and transition costs (b) | | | | | | | | North America | $ | 33,338 | | | $ | 1,211 | | | $ | 35,177 | | | $ | 2,079 | | EMEA | 40 | | | 1,029 | | | 356 | | | 1,029 | | Asia-Pacific | 38 | | | 32 | | | 125 | | | 112 | | Latin America | 9 | | | 68 | | | 11 | | | (1,352) | | Total | $ | 33,425 | | | $ | 2,340 | | | $ | 35,669 | | | $ | 1,868 | | Other segment items (c) | | | | | | | | North America | $ | (18,109) | | | $ | (25,542) | | | $ | (40,781) | | | $ | (38,335) | | EMEA | 20,181 | | | 20,512 | | | 40,694 | | | 52,793 | | Asia-Pacific | 17,767 | | | 17,500 | | | 37,493 | | | 36,043 | | Latin America | 9,553 | | | 10,810 | | | 18,235 | | | 20,955 | | Total | $ | 29,392 | | | $ | 23,280 | | | $ | 55,641 | | | $ | 71,456 | | | | | | | | | | Total segment expenses | $ | 12,636,642 | | | $ | 11,340,532 | | | $ | 24,706,552 | | | $ | 22,491,540 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Income from operations | | | | | | | | North America | $ | 32,845 | | | $ | 63,774 | | | $ | 117,227 | | | $ | 123,644 | | EMEA | 55,714 | | | 52,602 | | | 112,962 | | | 101,646 | | Asia-Pacific | 43,634 | | | 61,266 | | | 89,967 | | | 111,827 | | Latin America | 25,121 | | | 23,265 | | | 48,091 | | | 47,716 | | Segment profit | $ | 157,314 | | | $ | 200,907 | | | $ | 368,247 | | | $ | 384,833 | | | | | | | | | | Reconciliation of segment profit to income before income taxes | | | | | | | | Corporate | $ | (2,698) | | | $ | (12,974) | | | $ | (5,510) | | | $ | (21,339) | | Cash-based compensation | (5,475) | | | (6,805) | | | (9,968) | | | (12,245) | | Stock-based compensation | (6,325) | | | — | | | (9,089) | | | — | | Other (income) expense | | | | | | | | Interest income | $ | (10,065) | | | $ | (10,054) | | | $ | (23,883) | | | $ | (20,365) | | Interest expense | 72,884 | | | 86,924 | | | 147,773 | | | 171,536 | | Net foreign currency exchange loss | 20,611 | | | 6,937 | | | 44,328 | | | 19,263 | | Other expense | (499) | | | 14,158 | | | 15,174 | | | 20,971 | | | | | | | | | | Income before income taxes | $ | 59,885 | | | $ | 83,163 | | | $ | 160,288 | | | $ | 159,844 | |
(a) Other Departmental Operating Expenses consist primarily of professional and outside service costs, lease rental and occupancy costs, repair and maintenance costs as well as other miscellaneous operating expenses. (b) Costs are primarily related to (i) net write-down charges related to assets and liabilities held for sale in the Thirteen and Twenty-Six Weeks Ended June 28, 2025, (ii) professional, consulting and integration costs associated with our acquisitions and (iii) consulting, retention and transition costs associated with our restructuring programs charged to SG&A, expenses. (c) Other segment items consist primarily of management fees and direct management costs which represent costs that are incurred by the North American segment and allocated to the other segments, as well as bad debt/credit/flooring costs, credit card fees and restructuring costs.
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