v3.26.1
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 25, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Expense
The table below presents components of lease expense for operating leases within the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income:
Thirteen Weeks EndedTwenty-six Weeks Ended
in thousands
Classification
June 25, 2026June 26, 2025June 25, 2026June 26, 2025
Fixed operating lease cost:
Selling, general and administrative expenses
$54,443 $50,183 $107,873 $100,120 
Cost of sales13,804 12,818 27,348 22,290 
Total fixed operating lease cost68,247 63,001 135,221 122,410 
Variable lease cost (1):
Selling, general and administrative expenses
20,963 21,408 42,778 43,509 
Cost of sales1,316 2,076 3,548 3,727 
Total variable lease cost22,279 23,484 46,326 47,236 
Total operating lease cost (2)
$90,526 $86,485 $181,547 $169,646 
(1)Includes variable costs for common area maintenance, property taxes, and insurance on leased real estate.
(2)Excludes short-term lease costs, which were immaterial for the thirteen and twenty-six weeks ended June 25, 2026 and June 26, 2025.
Schedule of Future Minimum Lease Payments under Non Cancelable Operating Leases
Future minimum lease payments under non-cancelable operating leases as of June 25, 2026 were as follows:
in thousandsAmount
Twenty-seven weeks ending December 31, 2026$130,869 
2027270,776 
2028252,051 
2029238,028 
2030217,785 
Thereafter1,516,886 
Total minimum lease payments (1) (2)
2,626,395 
Less: amount of lease payments representing interest808,929 
Present value of future minimum lease payments1,817,466 
Less: current obligations under leases163,163 
Long-term lease obligations$1,654,303 
(1)Future lease payments exclude approximately $17.4 million of legally binding minimum lease payments for operating leases signed but not yet commenced.
(2)Operating lease payments include $288.7 million related to options to extend lease terms that are reasonably certain of being exercised.