Income Taxes |
9 Months Ended |
|---|---|
Sep. 26, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 5. Income Taxes
The Company recorded income tax expense of $119,461 in the 13-week period ended September 26, 2026, compared to income tax expense of $108,205 in the 13-week period ended September 27, 2025. The effective tax rate was 18.1% in the third quarter of 2026, compared to 21.2% in the third quarter of 2025. The decrease in the effective tax rate between comparative periods was primarily driven by an increase in certain expected U.S. tax deductions due to provisions of the U.S. tax legislation enacted in 2025 that became effective in 2026.
The Company recorded income tax expense of $296,052 in the 39-week period ended September 26, 2026, compared to income tax expense of $243,943 in the 39-week period ended September 27, 2025. The effective tax rate was 16.6% in the first three quarters of 2026, compared to 17.7% in the first three quarters of 2025. The decrease in the effective tax rate between comparative periods was primarily driven by an increase in certain expected U.S. tax deductions due to provisions of the U.S. tax legislation enacted in 2025 that became effective in 2026. |