v3.26.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 24, 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 EndedThirty-nine Weeks Ended
in thousands
Classification
September 24, 2026September 25, 2025September 24, 2026September 25, 2025
Fixed operating lease cost:
Selling, general and administrative expenses
$55,145 $51,664 $163,018 $151,784 
Cost of sales13,610 13,124 40,958 35,414 
Total fixed operating lease cost68,755 64,788 203,976 187,198 
Variable lease cost (1):
Selling, general and administrative expenses
18,866 19,973 61,644 63,482 
Cost of sales1,955 1,986 5,503 5,713 
Total variable lease cost20,821 21,959 67,147 69,195 
Total operating lease cost (2)
$89,576 $86,747 $271,123 $256,393 
(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 thirty-nine weeks ended September 24, 2026 and September 25, 2025.
Schedule of Future Minimum Lease Payments under Non Cancelable Operating Leases
Future minimum lease payments under non-cancelable operating leases as of September 24, 2026 were as follows:
in thousandsAmount
Fourteen weeks ending December 31, 2026$65,196 
2027274,225 
2028255,770 
2029241,707 
2030220,918 
Thereafter1,530,246 
Total minimum lease payments (1) (2)
2,588,062 
Less: amount of lease payments representing interest789,451 
Present value of future minimum lease payments1,798,611 
Less: current obligations under leases168,649 
Long-term lease obligations$1,629,962 
(1)Future lease payments exclude approximately $44.8 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.