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During the fourth quarter of 2025, the Company changed its presentation related to costs associated with operating its inter-location logistics, Direct Store Delivery (“DSD”) distribution centers, and outbound shipping and handling activities from Selling to Cost of Goods Sold within the Consolidated Statements of Operations and Comprehensive Income (Loss). The change in presentation has been applied retrospectively to all periods presented and affects Cost of Goods Sold, Gross Profit, and Selling. The following tables reflect the retrospective changes:
Thirteen Weeks Ended
(in millions)March 30, 2025June 29, 2025September 28, 2025
Cost of goods sold(1)
$269.7 $271.4 $286.3 
Gross profit(1)
$82.4 $95.3 $91.5 
     Selling(1)
$41.5 $54.3 $53.0 
     General and Administrative(2)
35.9 33.7 34.7 
Total selling, general and administrative expenses$77.4 $88.0 $87.7 
Amount reclassified(1)
$35.8 $31.5 $35.4 

(1) Represents the change in presentation discussed above, which resulted in an increase in Cost of goods sold and a decrease to Gross profit and Selling.
(2) Not affected by the reclassification. Amounts are presented for the purpose of presenting total selling, general and administrative expense.


Thirteen Weeks EndedFiscal Year Ended
(in millions)March 31, 2024June 30, 2024September 29, 2024December 29, 2024December 29, 2024
Cost of goods sold(1)
$258.0 $261.1 $267.1 $253.9 $1,040.1 
Gross profit(1)
$88.5 $95.1 $98.4 $87.1 $369.1 
     Selling(1)
$42.5 $44.2 $47.5 $46.4 $180.6 
     General and Administrative(2)
$35.8 $30.8 $29.9 $33.0 $129.5 
Total selling, general and administrative expenses$78.3 $75.0 $77.4 $79.4 $310.1 
Amount reclassified(1)
$31.1 $29.6 $32.6 $32.3 $125.6 

(1) Represents the change in presentation discussed above, which resulted in an increase in Cost of goods sold and a decrease to Gross profit and Selling.
(2) Not affected by the reclassification. Amounts are presented for the purpose of presenting total selling, general and administrative expense.




Thirteen Weeks EndedFiscal Year Ended
(in millions)April 2, 2023July 2, 2023October 1, 2023December 31, 2023December 31, 2023
Cost of goods sold(1)
$272.2 $270.6 $280.3 $264.3 $1,087.4 
Gross profit(1)
$79.2 $92.3 $91.5 $87.8 $350.8 
     Selling(1)
$39.7 $41.8 $43.3 $43.4 $168.2 
     General and Administrative(2)
$41.0 $47.6 $34.5 $36.1 $159.2 
Total selling, general and administrative expenses$80.7 $89.4 $77.8 $79.5 $327.4 
Amount reclassified(1)
$25.3 $25.1 $27.7 $27.6 $105.7 

(1) Represents the change in presentation discussed above, which resulted in an increase in Cost of goods sold and a decrease to Gross profit and Selling.
(2) Not affected by the reclassification. Amounts are presented for the purpose of presenting total selling, general and administrative expense.


The following represents updated reconciliation of Non-GAAP Finance Measures to Reported Financial Measures:
Thirteen Weeks Ended
(in millions)March 30, 2025June 29, 2025September 28, 2025
Gross profit$82.4 $95.3 $91.5 
Gross profit as a % of Net Sales23.4 %26.0 %24.2 %
Depreciation and Amortization8.0 9.9 9.0 
Non-Cash and Other Cash Adjustments10.8 11.0 22.4 
Adjusted Gross Profit$101.2 $116.2 $122.9 
Adjusted Gross Profit as a % of Net Sales28.7 %31.7 %32.5 %
Amount of Depreciation and Amortization reclassified(1)
$0.4 $0.5 $0.5 
Amount of Non-Cash and Other Cash Adjustments reclassified(1)
$2.1 $1.1 $2.6 
(1) Represents an increase to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.



Thirteen Weeks Ended
(in millions)March 30, 2025June 29, 2025September 28, 2025
Selling, General and Administrative Expense$77.4 $88.0 $87.7 
Less:
     Depreciation and Amortization in SG&A Expense10.7 11.4 11.4 
     Non-Cash and Other Cash Adjustments10.6 9.2 14.8 
Adjusted Selling, General and Administrative Expense$56.1 $67.4 $61.5 
Adjusted SG&A as a % of Net Sales15.9 %18.4 %16.3 %
Amount of Depreciation and Amortization from SG&A reclassified(1)
$0.4 $0.5 $0.5 
Amount of Non-Cash and Other Cash Adjustments from SG&A reclassified(1)
$2.1 $1.1 $2.6 
(1) Represents a decrease to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.

Thirteen Weeks EndedFiscal Year Ended
(in millions)March 31, 2024June 30, 2024September 29, 2024December 29, 2024December 29, 2024
Gross profit$88.5 $95.1 $98.4 $87.1 $369.1 
Gross profit as a % of Net Sales25.5 %26.7 %26.9 %25.5 %26.2 %
Depreciation and Amortization7.5 7.0 6.9 6.9 28.3 
Non-Cash and Other Cash Adjustments2.3 2.6 5.3 11.3 21.5 
Adjusted Gross Profit$98.3 $104.7 $110.6 $105.3 $418.9 
Adjusted Gross Profit as a % of Net Sales28.4 %29.4 %30.3 %30.9 %29.7 %
Amount of Depreciation and Amortization reclassified(1)
$0.3 $0.3 $0.3 $0.4 $1.3 
Amount of Non-Cash and Other Cash Adjustments reclassified(1)
$0.3 $— $0.2 $2.8 $3.3 
(1) Represents an increase to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.







Thirteen Weeks EndedFiscal Year Ended
(in millions)March 31, 2024June 30, 2024September 29, 2024December 29, 2024December 29, 2024
Selling, General and Administrative Expense$78.3 $75.0 $77.4 $79.4 $310.1 
Less:
     Depreciation and Amortization in SG&A Expense10.8 10.6 10.6 10.6 42.6 
     Non-Cash and Other Cash Adjustments12.6 9.2 10.2 16.3 48.3 
Adjusted Selling, General and Administrative Expense$54.9 $55.2 $56.6 $52.5 $219.2 
Adjusted SG&A as a % of Net Sales15.8 %15.5 %15.5 %15.4 %15.6 %
Amount of Depreciation and Amortization from SG&A reclassified(1)
$0.3 $0.3 $0.3 $0.4 $1.3 
Amount of Non-Cash and Other Cash Adjustments from SG&A reclassified(1)
$0.3 $— $0.2 $2.8 $3.3 
(1) Represents a decrease to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.


Thirteen Weeks EndedFiscal Year Ended
(in millions)April 02, 2023July 2, 2023October 1, 2023December 31, 2023December 31, 2023
Gross profit$79.2 $92.3 $91.5 $87.8 $350.8 
Gross profit as a % of Net Sales22.5 %25.4 %24.6 %24.9 %24.4 %
Depreciation and Amortization8.9 9.3 8.6 8.3 35.1 
Non-Cash and Other Cash Adjustments8.2 0.8 7.8 8.3 25.1 
Adjusted Gross Profit$96.3 $102.4 $107.9 $104.4 $411.0 
Adjusted Gross Profit as a % of Net Sales27.4 %28.2 %29.0 %29.7 %28.6 %
Amount of Depreciation and Amortization reclassified(1)
$0.3 $0.3 $0.3 $0.3 $1.2 
Amount of Non-Cash and Other Cash Adjustments reclassified(1)
$0.3 $0.3 $0.3 $1.0 $1.9 
(1) Represents an increase to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.




Thirteen Weeks EndedFiscal Year Ended
(in millions)April 02, 2023July 2, 2023October 1, 2023December 31, 2023December 31, 2023
Selling, General and Administrative Expense$80.7 $89.4 $77.8 $79.5 $327.4 
Less:
     Depreciation and Amortization in SG&A Expense11.2 11.0 11.1 11.1 44.4 
     Non-Cash and Other Cash Adjustments13.7 21.2 10.8 13.4 59.1 
Adjusted Selling, General and Administrative Expense$55.8 $57.2 $55.9 $55.0 $223.9 
Adjusted SG&A as a % of Net Sales15.9 %15.8 %15.0 %15.6 %15.6 %
Amount of Depreciation and Amortization from SG&A reclassified(1)
$0.3 $0.3 $0.3 $0.3 $1.2 
Amount of Non-Cash and Other Cash Adjustments from SG&A reclassified(1)
$0.3 $0.3 $0.3 $1.0 $1.9 
(1) Represents a decrease to the adjusted depreciation and amortization and non-cash and other cash adjustments as compared to the amount disclosed previously.