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Segment Reporting
 9 Months Ended
Sep. 27, 2025
Segment Reporting  
Segment Reporting

(7) Segment Reporting

The Company manages the business activities on a consolidated basis and has one operating segment: retail. The Company derives all its revenue from sales within Pennsylvania and six surrounding states. The Company’s retail segment derives revenues from customers through the retail sale of a range of products including grocery, pharmaceutical and fuel from company operated supermarkets. See Note 6 for the disaggregation of revenue by product category. The accounting policies of the Company’s single segment are the same as those described in the Company’s Significant Accounting Policies.

The Company’s chief operating decision maker is the Chief Operating Officer. The chief operating decision maker assesses performance for the segment and decides how to allocate resources based on operating income and net income that is also reported on the accompanying Consolidated Statements of Income. The measure of segment assets used to assess performance and allocate resources is reported on the Consolidated Balance Sheets as total assets. The chief operating decision maker uses operating income and net income to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment, such as for acquisitions. Operating income and net income are used to monitor budget versus actual results. The chief operating decision maker also uses operating income and net income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment.

The following table presents the retail segment’s revenue, significant segment expenses, and segment operating and net income for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024:

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13 Weeks Ended

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39 Weeks Ended

(amounts in thousands)

    

September 27, 2025

    

September 28, 2024

    

September 27, 2025

  

September 28, 2024

Net sales

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$

1,238,208

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$

1,186,232

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$

3,649,492

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$

3,546,602

Other revenue (1)

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​

4,099

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​

3,875

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​

12,387

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​

12,175

Total revenue

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1,242,307

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​

1,190,107

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​

3,661,879

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​

3,558,777

Less:

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​

​

​

​

​

​

​

​

​

​

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Cost of sales - stores

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​

912,537

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​

871,615

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​

2,683,481

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​

2,605,659

Labor - stores

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​

111,789

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​

106,086

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​

331,384

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​

318,213

Depreciation and amortization - stores (2)

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24,539

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​

22,875

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​

71,339

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​

67,244

Occupancy - stores

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21,967

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​

21,188

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​

66,249

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​

63,997

All other expense - stores (3)

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84,417

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​

78,893

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​

244,379

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​

234,229

Administration, manufacturing, and property management expense

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​

33,008

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​

31,586

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​

96,734

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​

97,886

Distribution and transportation

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​

31,675

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​

28,306

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​

90,966

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​

82,140

Income from operations

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​

22,375

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​

29,558

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​

77,347

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​

89,409

Other income (expense) (4)

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​

(1,565)

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​

(1,621)

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​

(3,370)

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​

(3,429)

Investment income (loss) and interest expense

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​

3,276

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​

7,848

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​

12,981

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​

17,461

Provision for income taxes

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​

5,853

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​

9,945

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​

21,721

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​

28,178

Net income

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$

18,233

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$

25,840

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$

65,237

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$

75,263

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(1)Other revenue represents commission income earned from a variety of services such as lottery, money orders, third party gift cards, and third party bill pay services.
(2)Segment depreciation and amortization expense, for stores and non-stores, was $31.7 million and $28.6 million for the thirteen weeks ended September 27, 2025 and September 28, 2024 and $92.0 million and $83.9 million for the thirty-nine weeks ended September 27, 2025 and September 28, 2024, respectively. Segment additions of long-lived assets was $63.9 million and $42.3 million for the thirteen weeks ended September 27, 2025 and September 28, 2024, respectively. Segment additions of long-lived assets was $155.1 million and $107.9 million for the thirty-nine weeks ended September 27, 2025 and September 28, 2024, respectively.
(3)All other expense consists of all other store controllable and fixed expenses, such as financial services fees, utilities, and outside services.
(4)Other income (expenses) consists of gains (losses) on SERP liability.