SEGMENT INFORMATION (Tables)

4 Months Ended

Jun. 20, 2026

Segment Reporting [Abstract]

Segment Reporting

The following table presents segment information for Net sales and other revenue, significant segment expenses and Retail segment EBITDA (in millions):

	16 weeks ended
	June 20, 2026		June 14, 2025
Retail segment sales	$	24,679.6	$	24,644.4
Other revenue (1)	262.0		236.4
Net sales and other revenue	$	24,941.6	$	24,880.8
Retail segment expenses:
Merchandise costs, including advertising, distribution and freight	17,701.4		17,620.9
Employee costs (2)	3,712.3		3,660.2
Other segment expenses (3)	2,121.1		2,080.6
Retail segment EBITDA	$	1,144.8	$	1,282.7
Reconciliation to Income before income taxes:
Corporate adjustments (4)	(131.6)		(171.7)
Depreciation and amortization	(591.0)		(572.7)
Interest expense, net	(166.7)		(141.8)
Business transformation (5)	(54.2)		(38.3)
Equity-based compensation expense	(31.4)		(33.7)
Gain on property dispositions and impairment losses, net	4.7		31.9
LIFO expense	(20.0)		(17.3)
Merger-related costs (6)	(41.6)		(19.0)
Certain legal and regulatory accruals and settlements, net	(1.2)		(2.6)
Miscellaneous adjustments (7)	1.9		(6.1)
Income before income taxes	$	113.7	$	311.4

(1) Primarily includes wholesale sales to third parties and other miscellaneous revenue not included in Retail segment sales.

(2) Includes wages, salaries, benefits, insurance and other employee-related costs.

(3) Primarily includes rent and occupancy costs, debit and credit card fees, supplies, divisional support costs and allocated corporate costs.

(4) Primarily includes bonus compensation, unallocated corporate costs and contribution from the Company's wholesale and other sales.

(5) Includes costs related to the Company's business transformation, including third-party consulting fees and certain integration and employee termination costs.

(6) Primarily includes litigation costs related to the terminated merger. The first quarter of fiscal 2025 also includes retention program expense related to the terminated merger.

(7) Primarily includes adjustments for closed stores and surplus properties, net realized and unrealized gains and losses related to non-operating investments, non-cash rent expense, gains and losses on energy hedges and other items not allocated to the segment.