XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 4,246,622 $ 4,184,695 $ 7,641,456 $ 7,483,920
Cost of merchandise sold 2,690,996 2,669,926 4,864,976 4,799,243
Gross profit 1,555,626 1,514,769 2,776,480 2,684,677
Selling, general and administrative expenses 884,903 853,158 1,738,338 1,681,393
Depreciation and amortization 109,265 102,279 213,558 199,512
Operating income 561,458 559,332 824,584 803,772
Interest expense, net 11,612 12,343 23,514 25,023
Income before income taxes 549,846 546,989 801,070 778,749
Income tax expense 124,650 125,755 177,707 174,427
Net income $ 425,196 $ 421,234 $ 623,363 $ 604,322
Net income per share – basic $ 3.95 $ 3.85 $ 5.78 $ 5.51
Net income per share – diluted $ 3.93 $ 3.83 $ 5.75 $ 5.47
Weighted average shares outstanding:        
Basic 107,730 109,426 107,838 109,735
Diluted 108,235 110,041 108,381 110,411
Dividends declared per common share outstanding $ 1.10 $ 1.03 $ 2.20 $ 2.06