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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jul. 27, 2024
Accounting Policies [Abstract] |
Disaggregation of Revenue | The following table presents the Company's sales by product categories during each of the periods indicated:
|  |  | Years Ended
|  |  |  |  | July 27, 2024 |  | July 29, 2023
|  |  |  |  |  |  |  |  | Amount |  | % |  | Amount |  | %
Center Store (1) |  |  |  |  |  |  |  |  | $ | 1,337,512 |  |  | 59.8 | % |  | $ | 1,300,061 |  |  | 60.0 | %
Fresh (2) |  |  |  |  |  |  |  |  | 809,959 |  |  | 36.2 | % |  | 787,770 |  |  | 36.4 | %
Pharmacy |  |  |  |  |  |  |  |  | 82,276 |  |  | 3.7 | % |  | 71,749 |  |  | 3.3 | %
Other (3) |  |  |  |  |  |  |  |  | 6,819 |  |  | 0.3 | % |  | 7,074 |  |  | 0.3 | %
Total Sales |  |  |  |  |  |  |  |  | $ | 2,236,566 |  |  | 100.0 | % |  | $ | 2,166,654 |  |  | 100.0 | %
(1) Consists primarily of grocery, dairy, frozen, health and beauty care, general merchandise and liquor. (2) Consists primarily of produce, meat, deli, seafood, bakery, prepared foods and floral. (3) Consists primarily of sales related to other income streams, including service fees related to digital sales, gift card and lottery commissions and wholesale sales.
Schedule of Earnings Per Share, Basic and Diluted | The table below reconciles Net income to Net income available to Class A and Class B shareholders:
|  | Years ended |  |
|  | July 27, 2024 |  | July 29, 2023 |  |
Net income |  | $ | 50,462 |  |  | $ | 49,716 |  |  |
Distributed and allocated undistributed Net income to unvested restricted shareholders |  | 1,866 |  |  | 1,590 |  |  |
Net income available to Class A and Class B shareholders |  | $ | 48,596 |  |  | $ | 48,126 |  |  |
The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented.
| Years ended |  |  |  |
| July 27, 2024 |  | July 29, 2023 |  |
| Class A |  | Class B |  | Class A |  | Class B |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income allocated, basic | $ | 38,260 |  |  | $ | 10,336 |  |  | $ | 37,639 |  |  | $ | 10,487 |  |  |  |  |
Conversion of Class B to Class A shares | 10,336 |  |  | — |  |  | 10,487 |  |  | — |  |  |  |  |
Net income allocated, diluted | $ | 48,596 |  |  | $ | 10,336 |  |  | $ | 48,126 |  |  | $ | 10,487 |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic | 10,109 |  |  | 4,204 |  |  | 9,949 |  |  | 4,281 |  |  |  |  |
Conversion of Class B to Class A shares | 4,204 |  |  | — |  |  | 4,281 |  |  | — |  |  |  |  |
Weighted average shares outstanding, diluted | 14,313 |  |  | 4,204 |  |  | 14,230 |  |  | 4,281 |  |  |  |  |
Net income per share is as follows:
| Years ended |  |  |  |
| July 27, 2024 |  | July 29, 2023 |  |
| Class A |  | Class B |  | Class A |  | Class B |  |  |  |
Basic | $ | 3.78 |  |  | $ | 2.46 |  |  | $ | 3.78 |  |  | $ | 2.45 |  |  |  |  |
Diluted | $ | 3.40 |  |  | $ | 2.46 |  |  | $ | 3.38 |  |  | $ | 2.45 |  |  |  |  |
Schedule of Expenses Related to Leases | The composition of total lease cost is as follows:
|  |  | Years ended
| Consolidated Statement of Operations Classification |  | July 27, 2024 |  | July 29, 2023
Operating lease cost | Operating and administrative expense |  | $ | 36,989 |  |  | $ | 36,146 |
Finance lease cost |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | 947 |  |  | 947 |
Interest on lease liabilities | Interest expense |  | 1,802 |  |  | 1,874 |
Variable lease cost | Operating and administrative expense |  | 22,044 |  |  | 21,275 |
Total lease cost |  |  | $ | 61,782 |  |  | $ | 60,242 |
Supplemental cash flow information related to leases is as follows:
|  | Years ended
|  | July 27, 2024 |  | July 29, 2023
Cash paid for amounts in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 35,618 |  |  | $ | 34,442 |
Operating cash flows from finance leases |  | 1,802 |  |  | 1,874 |
Financing cash flows from finance leases |  | 887 |  |  | 815 |
Lease obligations obtained in exchange for right-of-use assets (non-cash) |  | 12,727 |  |  | 5,724 |

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