| Major Product Category |
The following table indicates the percentage of net sales represented by each of our major product categories during the fiscal three and six months ended June 27, 2026 and June 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Three Months Ended | | Fiscal Six Months Ended | | Product Category | June 27,
2026 | | June 28,
2025 | | June 27,
2026 | | June 28,
2025 | Livestock, Equine & Agriculture (a) | 32 | % | | 31 | % | | 31 | % | | 31 | % | Seasonal & Recreation (b) | 26 | | | 26 | | | 23 | | | 23 | | Companion Animal (c) | 21 | | | 21 | | | 23 | | | 23 | | Truck, Tool & Hardware (d) | 14 | | | 15 | | | 15 | | | 15 | | Clothing, Gift & Décor (e) | 7 | | | 7 | | | 8 | | | 8 | | | Total | 100 | % | | 100 | % | | 100 | % | | 100 | % | | | | | | | | | | | Note: Net sales by major product categories for the prior period have been reclassified to conform to the current year presentation. | | | | | | | | | | | (a) | Includes livestock and equine feed & equipment, poultry, fencing, and sprayer & chemicals. | | (b) | Includes tractor & rider, lawn & garden, bird feeding, power equipment, and other recreational products. | | (c) | Includes food, treats and equipment for dogs, cats, and other small animals as well as dog wellness. | | (d) | Includes truck accessories, trailers, generators, lubricants, batteries, and hardware and tools. | | (e) | Includes clothing, footwear, toys, snacks, and decorative merchandise. |
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| Schedule of Segment Reporting Information, by Segment |
Within the reportable segment, there are significant expense categories regularly provided to the Chief Operating Decision Maker and included in the measure of the segment’s net income as shown below:
| | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Three Months Ended | | Fiscal Six Months Ended | | June 27,
2026 | | June 28,
2025 | | June 27,
2026 | | June 28,
2025 | | Net Sales | $ | 4,541,314 | | | $ | 4,439,729 | | | $ | 8,133,360 | | | $ | 7,906,682 | | | Less: | | | | | | | | | Cost of merchandise sold | 2,858,705 | | | 2,799,755 | | | 5,149,566 | | | 5,011,285 | | Personnel expense (a) | 558,003 | | | 525,315 | | | 1,082,929 | | | 1,014,602 | | | Depreciation and amortization | 130,848 | | | 122,099 | | | 257,449 | | | 242,179 | | | Impairment expense | 62,747 | | | — | | | 62,747 | | | — | | Other segment expenses (b) | 463,896 | | | 414,748 | | | 880,123 | | | 811,667 | | Interest expense, net | 17,103 | | | 17,983 | | | 36,211 | | | 37,624 | | Income tax expense | 89,297 | | | 129,786 | | | 139,096 | | | 179,913 | | Segment net income | $ | 360,715 | | | $ | 430,043 | | | $ | 525,239 | | | $ | 609,412 | | | | | | | | | | | Reconciliation of segment profit: | | | | | | | | | Adjustments and reconciling items | — | | | — | | | — | | | — | | Consolidated net income | $ | 360,715 | | | $ | 430,043 | | | $ | 525,239 | | | $ | 609,412 | |
(a) Personnel expenses include wages, salaries, and other forms of personnel compensation. (b) Other segment expenses include occupancy expenses, advertising expenses, and other operating expenses within Selling, General, and Administrative expenses as described in Note 1 of the Company’s 2025 Form 10-K.
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