v3.26.1
Earnings Per Share
6 Months Ended
Jul. 18, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

17. EARNINGS PER SHARE

The following is a reconciliation of net income and weighted average shares for calculating basic and diluted earnings per common share for the twelve and twenty-eight weeks ended July 18, 2026 and July 12, 2025 (amounts and shares in thousands, except per share data):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 18, 2026

 

 

July 12, 2025

 

 

July 18, 2026

 

 

July 12, 2025

 

Net income

 

$

40,656

 

 

$

58,365

 

 

$

82,711

 

 

$

111,363

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,132

 

 

 

211,386

 

 

 

211,982

 

 

 

211,276

 

Basic earnings per common share

 

$

0.19

 

 

$

0.28

 

 

$

0.39

 

 

$

0.53

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding for common stock

 

 

212,132

 

 

 

211,386

 

 

 

211,982

 

 

 

211,276

 

Add: Shares of common stock assumed issued upon
vesting of restricted stock

 

 

361

 

 

 

605

 

 

 

563

 

 

 

808

 

Diluted weighted average shares outstanding for common stock

 

 

212,493

 

 

 

211,991

 

 

 

212,545

 

 

 

212,084

 

Diluted earnings per common share

 

$

0.19

 

 

$

0.28

 

 

$

0.39

 

 

$

0.53

 

 

There were 4,452,926 and 2,011,492 anti-dilutive shares during the twelve weeks ended July 18, 2026 and July 12, 2025, respectively. There were 4,263,394 and 1,979,063 anti-dilutive shares during the twenty-eight weeks ended July 18, 2026 and July 12, 2025, respectively.