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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Income Statement [Abstract]        
Net sales $ 4,184,695 $ 3,903,406 $ 7,483,920 $ 6,927,538
Cost of merchandise sold 2,669,926 2,517,151 4,799,243 4,484,774
Gross profit 1,514,769 1,386,255 2,684,677 2,442,764
Selling, general and administrative expenses 853,158 777,860 1,681,393 1,512,437
Depreciation and amortization 102,279 83,360 199,512 161,006
Operating income 559,332 525,035 803,772 769,321
Interest expense, net 12,343 7,097 25,023 14,166
Income before income taxes 546,989 517,938 778,749 755,155
Income tax expense 125,755 121,460 174,427 171,450
Net income $ 421,234 $ 396,478 $ 604,322 $ 583,705
Net income per share – basic $ 3.85 $ 3.55 $ 5.51 $ 5.21
Net income per share – diluted $ 3.83 $ 3.53 $ 5.47 $ 5.17
Weighted average shares outstanding:        
Basic 109,426 111,590 109,735 112,060
Diluted 110,041 112,318 110,411 112,911
Dividends declared per common share outstanding $ 1.03 $ 0.92 $ 2.06 $ 1.84