v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2026
Sep. 26, 2025
Oct. 02, 2026
Sep. 26, 2025
Net sales $ 1,989,543 $ 1,888,317 $ 5,888,631 $ 5,323,813
Cost of sales 1,217,959 1,139,801 3,611,554 3,205,697
Gross profit 771,584 748,516 2,277,077 2,118,116
Selling, delivery and administrative expenses 499,993 501,882 1,496,623 1,409,578
Income from operations 271,591 246,634 780,454 708,538
Interest expense, net 28,843 4,687 91,387 17,509
Mark-to-market on acquisition related contingent consideration 7,971 49,350 86,085 104,468
Other (income) expense, net (3,862) 367 (1,996) 1,866
Income before taxes 238,639 192,230 604,978 584,695
Income tax expense 62,780 49,896 158,742 151,363
Net income $ 175,859 $ 142,334 $ 446,236 $ 433,332
Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 2.64 $ 1.64 $ 6.70 $ 4.99
Weighted average number of Common Stock shares outstanding (in shares) 56,517 76,554 56,517 76,881
Diluted net income per share:        
Common Stock (in dollars per share) $ 2.64 $ 1.64 $ 6.69 $ 4.98
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 66,641 86,728 66,653 87,070
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75
Class B Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 2.64 $ 1.64 $ 6.70 $ 4.98
Weighted average number of Common Stock shares outstanding (in shares) 10,047 10,047 10,047 10,047
Diluted net income per share:        
Common Stock (in dollars per share) $ 2.64 $ 1.64 $ 6.69 $ 4.97
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 10,124 10,174 10,136 10,189
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75