Earnings Per Share

9 Months Ended

Sep. 27, 2025

Basic earnings per share excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding, inclusive of the dilutive effect of time-vesting and performance-vesting restricted stock units, during the reported period.

The computation of basic earnings per share and diluted earnings per share adjusted to give effect to the stock split is as follows:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Basic earnings per share:
Net income attributable to common stockholders	$	99,457	$	76,969	$	206,472	$	181,106
Weighted-average number of common shares - basic	234,843,994		222,400,000		234,835,989		222,400,000
Basic earnings per share	$	0.42	$	0.35	$	0.88	$	0.81

Diluted earnings per share:
Net income attributable to common stockholders	$	99,457	$	76,969	$	206,472	$	181,106

Weighted-average number of common shares - basic	234,843,994		222,400,000		234,835,989		222,400,000
Effect of dilutive securities
Restricted stock units	737,062		—		314,173		—
Weighted-average number of common shares - diluted	235,581,056		222,400,000		235,150,162		222,400,000

Diluted earnings per share	$	0.42	$	0.35	$	0.88	$	0.81

Anti-dilutive shares excluded from diluted earnings per share calculation	—		—		178,579		—