Prior Year Revisions

12 Months Ended

Dec. 28, 2024

Prior Year Revisions

Prior Year Revisions

Note 12 Prior Year Revisions

As of December 28, 2024, the Company corrected the presentation of commission income which had previously been included in “Operating, general and administrative expenses” to be reflected as “Other revenue”.

The table below summarizes the effect of the correction of the previously reported Consolidated Financial Statements for the fiscal years ended December 30, 2023 and December 31, 2022.

	December 30, 2023						December 31, 2022
Consolidated Statements of Income	As Previously						As Previously
(dollars in thousands)	Reported		Revision		As Adjusted		Reported		Revision		As Adjusted
Other revenue	$	-	$	17,623	$	17,623	$	-	$	18,043	$	18,043
Total revenue		4,696,950		17,623		4,714,573		4,695,943		18,043		4,713,986
Gross profit		1,161,941		17,623		1,179,564		1,181,914		18,043		1,199,957
Operating, general and administrative expenses		1,024,755		17,623		1,042,378		1,024,862		18,043		1,042,905