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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 3,468,245 $ 3,411,980 $ 11,109,700 $ 10,895,900
Cost of merchandise sold 2,177,797 2,161,501 7,042,773 6,960,744
Gross profit 1,290,448 1,250,479 4,066,927 3,935,156
Selling, general and administrative expenses 852,299 819,311 2,590,637 2,500,704
Depreciation and amortization 113,550 90,263 327,107 289,775
Operating income 324,599 340,905 1,149,183 1,144,677
Interest expense, net 13,875 9,539 37,389 34,562
Income before income taxes 310,724 331,366 1,111,794 1,110,115
Income tax expense 69,254 76,365 246,960 250,792
Net income $ 241,470 $ 255,001 $ 864,834 $ 859,323
Net income per share – basic $ 2.25 $ 2.34 $ 8.04 $ 7.85
Net income per share – diluted $ 2.24 $ 2.33 $ 8.00 $ 7.81
Weighted average shares outstanding:        
Basic 107,167 108,774 107,614 109,415
Diluted 107,678 109,342 108,147 110,055
Dividends declared per common share outstanding $ 1.10 $ 1.03 $ 3.30 $ 3.09