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Segment Reporting
 12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one reportable segment which is the retail sale of products that support the rural lifestyle. The following table indicates the percentage of net sales represented by each major product category during fiscal 2024, 2023, and 2022:

 Percent of Net Sales
Fiscal Year
Product Category:202420232022
Livestock, Equine, & Agriculture (a)
26 %27 %28 %
Companion Animal (b)
25 25 23 
Seasonal & Recreation (c)
23 22 22 
Truck, Tool, & Hardware (d)
16 16 16 
Clothing, Gift, & Décor (e)
10 10 11 
Total100 %100 %100 %

Note: Net sales by major product categories for prior periods have been reclassified to conform to the current year presentation.
(a) Includes livestock and equine feed & equipment, poultry, fencing, and sprayers & chemicals.
(b) Includes food, treats and equipment for dogs, cats, and other small animals as well as dog wellness.
(c) Includes tractor & rider, lawn & garden, bird feeding, power equipment, and other recreational products.
(d) Includes truck accessories, trailers, generators, lubricants, batteries, and hardware and tools.
(e) Includes clothing, footwear, toys, snacks, and decorative merchandise.


The accounting policies of the retail segment are the same as those described in the Summary of Significant Accounting Policies included in Note 1 - Significant Accounting Policies.

The Company’s Chief Operating Decision Maker (“CODM”) is identified as the President and Chief Executive Officer. The CODM assesses performance for the retail segment based on Net income as reported on the Company’s Consolidated Statements of Income. The CODM considers net income on a monthly basis when assessing performance of the segment. Net income is also used in competitive analysis by benchmarking to the Company’s competitors and establishing management’s compensation.

The measure of segment assets is reported on the Company’s Consolidated Balance Sheets as total consolidated assets.
Within the reportable segment, there are significant expense categories regularly provided to the CODM and included in the measure of the segment’s net income as shown below:
Fiscal Year
 202420232022
Net Sales$14,883,231 $14,555,741 $14,204,717 
Less:
Cost of merchandise sold9,486,674 9,327,522 9,232,513 
Personnel expense (a)
1,939,494 1,883,710 1,764,161 
Depreciation and amortization447,162 393,049 343,062 
Other segment expenses (b)
1,542,369 1,472,548 1,430,038 
Interest expense, net54,592 46,510 30,633 
Income tax expense311,700 325,176 315,598 
Segment net income$1,101,240 $1,107,226 $1,088,712 
Reconciliation of segment profit:
Adjustments and reconciling items— — — 
Consolidated net income$1,101,240 $1,107,226 $1,088,712 

(a) Personnel expenses include wages, salaries, and other forms of compensation related to personnel.
(b) Other segment expenses include occupancy expenses (including $611.8 million in rent expenses as disclosed in Note 5), advertising expenses, and other operating expenses within Selling, General, and Administrative expenses as described in Note 1.