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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 26, 2025

The following table presents the Company's sales by product categories during each of the periods indicated:


	Years Ended
		July 26, 2025	July 27, 2024
			Amount		%		Amount		%
Center Store (1)			$	1,384,040	59.7	%	$	1,337,701	59.8	%
Fresh (2)			833,038		35.9	%	806,202		36.0	%
Pharmacy			93,453		4.0	%	82,276		3.7	%
Other (3)			10,159		0.4	%	10,387		0.5	%

Total Sales			$	2,320,690	100.0	%	$	2,236,566	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, wholesale sales and gift card, lottery and other 3rd party commissions.

(4) 2024 revenues by category have been reclassified to conform to the 2025 current presentation by product category.

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 26, 2025		July 27, 2024

Net income	$	56,380	$	50,462
Distributed and allocated undistributed Net income to unvested restricted shareholders	1,870		1,866
Net income available to Class A and Class B shareholders	$	54,510	$	48,596

The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented.


	Years ended
	July 26, 2025				July 27, 2024
	Class A		Class B		Class A		Class B
Numerator:
Net income allocated, basic	$	43,108	$	11,402	$	38,260	$	10,336
Conversion of Class B to Class A shares	11,402		—		10,336		—

Net income allocated, diluted	$	54,510	$	11,402	$	48,596	$	10,336

Denominator:
Weighted average shares outstanding, basic	10,170		4,144		10,109		4,204
Conversion of Class B to Class A shares	4,144		—		4,204		—

Weighted average shares outstanding, diluted	14,314		4,144		14,313		4,204

Net income per share is as follows:


	Years ended
	July 26, 2025				July 27, 2024
	Class A		Class B		Class A		Class B
Basic	$	4.24	$	2.75	$	3.78	$	2.46
Diluted	$	3.81	$	2.75	$	3.40	$	2.46

Schedule of Expenses Related to Leases

The composition of total lease cost is as follows:


		Years ended
	Consolidated Statement of Operations Classification	July 26, 2025		July 27, 2024
Operating lease cost	Operating and administrative expense	$	36,075	$	36,989
Finance lease cost
Amortization of leased assets	Depreciation and amortization	947		947
Interest on lease liabilities	Interest expense	1,719		1,802
Variable lease cost	Operating and administrative expense	21,423		22,044

Total lease cost		$	60,164	$	61,782

Supplemental cash flow information related to leases is as follows:


	Years ended
	July 26, 2025		July 27, 2024
Cash paid for amounts in the measurement of lease liabilities
Operating cash flows from operating leases	$	35,303	$	35,618
Operating cash flows from finance leases	1,719		1,802
Financing cash flows from finance leases	1,138		887
Lease obligations obtained in exchange for right-of-use assets (non-cash)	13,918		12,727