Income Taxes

6 Months Ended

Jul. 13, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 10 – Income Taxes

The effective income tax rate was 28.8% and 28.2% for the 12 weeks ended July 13, 2024 and July 15, 2023, respectively. The effective income tax rate was 28.7% and 24.7% for the 28 weeks ended July 13, 2024 and July 15, 2023, respectively.

Differences from the federal statutory rate for all periods presented were due to state taxes and non-deductible expenses, partially offset by benefits associated with federal tax credits. The prior year also included discrete tax benefits from a both change in contingencies, as well as stock compensation.