EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 29, 2026

During the thirteen weeks ended March 29, 2026 and March 30, 2025, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting. As the liquidation and dividend rights were identical, the undistributed earnings were allocated on a proportionate basis and the resulting net earnings (loss) per share attributable to common stockholders were, therefore, the same for both Class A and Class B common stock on an individual or combined basis.

The following table sets forth the computation of earnings (loss) per common share:


	Thirteen weeks ended
(dollar amounts in thousands)	March 29, 2026		March 30, 2025
Net income (loss)	$	125,809	$	(25,039)

Weighted-average common shares outstanding—basic	118,664,898		117,307,189
Dilutive stock awards	1,562,315		—
Weighted-average common shares outstanding—diluted	120,227,213		117,307,189

Earnings (loss) per share—basic	$	1.06	$	(0.21)
Earnings (loss) per share—diluted	$	1.05	$	(0.21)

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted earnings (loss) per share because including them would have had an anti-dilutive effect:


	Thirteen weeks ended
	March 29, 2026	March 30, 2025
Options to purchase common stock	10,652,168	14,099,610

Time-based vesting restricted stock units	589,982	737,201
Performance stock units	4,500,000	4,500,000
Contingently issuable stock	—	500,000
Total common stock equivalents	15,742,150	19,836,811