2024 Q1 Form 10-K Financial Statement

#000095017024018768 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.884B $1.713B $6.404B
YoY Change 19.49% 7.68% 4.99%
Cost Of Revenue $1.161B $1.088B $4.056B
YoY Change 15.72% 7.99% 4.24%
Gross Profit $722.3M $625.4M $2.349B
YoY Change 26.1% 7.16% 6.31%
Gross Profit Margin 38.34% 36.51% 36.67%
Selling, General & Admin $539.8M $502.8M $1.856B
YoY Change 14.17% 9.11% 6.15%
% of Gross Profit 74.73% 80.39% 79.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.52M $33.70M $127.1M
YoY Change 11.33% 8.01% 1.22%
% of Gross Profit 4.78% 5.39% 5.41%
Operating Expenses $539.8M $502.8M $1.856B
YoY Change 7.32% 9.11% 6.15%
Operating Profit $148.3M $87.66M $358.4M
YoY Change 112.23% -2.97% 7.27%
Interest Expense -$818.0K -$1.700M -$9.047M
YoY Change -41.53% -12.87% -22.57%
% of Operating Profit -0.55% -1.94% -2.52%
Other Income/Expense, Net
YoY Change
Pretax Income $147.4M $85.96M $349.3M
YoY Change 143.83% -2.75% 8.35%
Income Tax $33.35M $20.64M $88.15M
% Of Pretax Income 22.62% 24.02% 25.23%
Net Earnings $114.1M $65.31M $261.2M
YoY Change 152.88% -0.65% 6.97%
Net Earnings / Revenue 6.06% 3.81% 4.08%
Basic Earnings Per Share $1.13 $0.64 $2.41
Diluted Earnings Per Share $1.12 $0.64 $2.39
COMMON SHARES
Basic Shares Outstanding 101.2M 101.9M 108.2M
Diluted Shares Outstanding 102.0M shares 102.7M 109.1M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $312.3M $251.8M $293.2M
YoY Change 6.49% -20.33% 19.55%
Cash & Equivalents $312.3M $251.8M $293.2M
Short-Term Investments
Other Short-Term Assets $32.71M $28.90M $35.76M
YoY Change 4148.05% -34.12% 50.08%
Inventory $316.2M $323.7M $310.5M
Prepaid Expenses $22.06M
Receivables $36.31M $16.20M $16.11M
Other Receivables $0.00 $0.00 $18.15M
Total Short-Term Assets $697.5M $620.6M $673.8M
YoY Change 3.52% -7.8% 18.69%
LONG-TERM ASSETS
Property, Plant & Equipment $809.5M $773.1M $1.829B
YoY Change 12.08% 11.38% 2.28%
Goodwill $381.8M $381.7M
YoY Change 3.5% 3.49%
Intangibles $208.1M $208.1M
YoY Change 12.49% 12.49%
Long-Term Investments
YoY Change
Other Assets $12.29M $12.81M $13.97M
YoY Change -12.22% -14.78% 3.4%
Total Long-Term Assets $2.775B $2.670B $2.397B
YoY Change 15.79% 13.88% 1.75%
TOTAL ASSETS
Total Short-Term Assets $697.5M $620.6M $673.8M
Total Long-Term Assets $2.775B $2.670B $2.397B
Total Assets $3.472B $3.291B $3.070B
YoY Change 13.09% 9.05% 5.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $201.4M $190.1M $172.9M
YoY Change 16.5% 13.87% 18.51%
Accrued Expenses $190.2M $175.8M $324.5M
YoY Change 25.72% 21.27% -4.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.089M $1.000M $1.012M
YoY Change 7.61% -12.36% -6.12%
Total Short-Term Liabilities $585.9M $541.5M $522.4M
YoY Change 12.17% 3.12% 1.73%
LONG-TERM LIABILITIES
Long-Term Debt $133.4M $158.9M $258.9M
YoY Change -48.48% -38.65% -0.29%
Other Long-Term Liabilities $37.56M $38.01M $1.182B
YoY Change 3.35% -1.24% 4.35%
Total Long-Term Liabilities $37.56M $38.01M $1.440B
YoY Change 3.35% -1.24% 3.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $585.9M $541.5M $522.4M
Total Long-Term Liabilities $37.56M $38.01M $1.440B
Total Liabilities $2.261B $2.175B $2.024B
YoY Change 11.73% 10.06% 3.09%
SHAREHOLDERS EQUITY
Retained Earnings $427.3M $346.9M
YoY Change 33.54% 8.47%
Common Stock $783.7M $768.2M
YoY Change 7.88% 6.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.211B $1.115B $1.046B
YoY Change
Total Liabilities & Shareholders Equity $3.472B $3.291B $3.070B
YoY Change 13.09% 9.05% 5.04%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $114.1M $65.31M $261.2M
YoY Change 152.88% -0.65% 6.97%
Depreciation, Depletion And Amortization $34.52M $33.70M $127.1M
YoY Change 11.33% 8.01% 1.22%
Cash From Operating Activities $219.7M $114.2M $371.3M
YoY Change 240.41% 16.74% 1.79%
INVESTING ACTIVITIES
Capital Expenditures $51.24M $66.30M $124.0M
YoY Change 18.45% -339.77% 21.13%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities $0.00 $0.00 -$13.03M
YoY Change
Cash From Investing Activities -$51.24M -$66.30M -$124.0M
YoY Change 18.45% 139.77% 21.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M
YoY Change 6.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$57.97M -55.70M -199.1M
YoY Change 31.34% 29.92% 6.57%
NET CHANGE
Cash From Operating Activities $219.7M 114.2M 371.3M
Cash From Investing Activities -$51.24M -66.30M -124.0M
Cash From Financing Activities -$57.97M -55.70M -199.1M
Net Change In Cash $110.5M -7.800M 48.19M
YoY Change -583.31% -128.57% -36.23%
FREE CASH FLOW
Cash From Operating Activities $219.7M $114.2M $371.3M
Capital Expenditures $51.24M $66.30M $124.0M
Free Cash Flow $168.5M $47.90M $247.3M
YoY Change 691.68% -61.83% -5.75%

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ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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StockholdersEquity
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NetIncomeLoss
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OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Stockholders Equity
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18898000
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023 us-gaap Profit Loss
ProfitLoss
258856000
CY2023 us-gaap Profit Loss
ProfitLoss
261164000
CY2022 us-gaap Profit Loss
ProfitLoss
244157000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
137811000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
127067000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125541000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
108517000
CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
8066000
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4762000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
18898000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
16603000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
15883000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4915000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3228000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-178000
CY2023 us-gaap Other Noncash Income Expense
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CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-672000
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1167000
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IncreaseDecreaseInAccountsReceivable
-3173000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13381000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16928000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10857000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
45158000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11417000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2210000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18467000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5879000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3482000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2039000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1782000
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
12215000
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13362000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4523000
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
11746000
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5416000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
610000
CY2023 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
12880000
CY2023 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
2831000
CY2022 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-17951000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-138795000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-132889000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-120483000
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-479000
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3301000
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
401000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
465068000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
371329000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
364799000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
225310000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
124010000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102378000
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13032000
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-238342000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124010000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102378000
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
62500000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
62500000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
-0
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1006000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
819000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
685000
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3373000
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-0
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
203496000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
199980000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
188343000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11454000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5041000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2170000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-318048000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-199131000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-186858000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-91322000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48188000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75563000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
295192000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
247004000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
171441000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
203870000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
295192000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
247004000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
12561000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
11132000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
11431000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
96633000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
93419000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
82888000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29592000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36177000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25166000
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
18139000
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0
CY2023 sfm Excise Tax Accrued On Repurchase Of Common Stock
ExciseTaxAccruedOnRepurchaseOfCommonStock
1766000
CY2023 sfm Excise Tax Accrued On Repurchase Of Common Stock
ExciseTaxAccruedOnRepurchaseOfCommonStock
0
CY2022 sfm Excise Tax Accrued On Repurchase Of Common Stock
ExciseTaxAccruedOnRepurchaseOfCommonStock
0
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
364997000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
157269000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
139349000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
809000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2023Q4 us-gaap Number Of Stores
NumberOfStores
407
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;">Fiscal Years</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">The Company reports its results of operations on a 52- or 53-week fiscal calendar ending on the Sunday closest to December 31. Fiscal year 2023 ended on December 31, 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> and included </span><span style="font-size:10pt;font-family:Arial;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">52 </span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">weeks. Fiscal year </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">2022 ended on January 1, 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> and included </span><span style="font-size:10pt;font-family:Arial;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">52 </span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">weeks. Fiscal year 2021 ended on </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">January 2, 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> and included </span><span style="font-size:10pt;font-family:Arial;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">52 </span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">weeks. Fiscal years </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">2023, 2022 and 2021 are referred to as 2023, 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> and 2021, respectively.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p>
CY2023 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2023 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2022 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;">Significant Accounting Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s critical accounting estimates include inventories, lease assumptions, self-insurance reserves, goodwill and intangible assets, impairment of long-lived assets, and income taxes. Actual results could differ from those estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p>
CY2023Q4 us-gaap Due From Banks
DueFromBanks
85116000
CY2023Q1 us-gaap Due From Banks
DueFromBanks
77665000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
30500000
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
8100000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4800000
CY2023 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The lease term includes the initial contractual term as well as any options to extend the lease when it is reasonably certain that the Company will exercise that option.
CY2023 sfm Recognized Income Tax Positions Measured At Largest Amount Greater Than Specified Percentage Being Realized By Chance
RecognizedIncomeTaxPositionsMeasuredAtLargestAmountGreaterThanSpecifiedPercentageBeingRealizedByChance
0.50
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10906000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12586000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15888000
CY2023 sfm Contract With Customer Liability Liabilities Incurred
ContractWithCustomerLiabilityLiabilitiesIncurred
4271000
CY2023 sfm Contract With Customer Liability Liabilities Incurred
ContractWithCustomerLiabilityLiabilitiesIncurred
4291000
CY2022 sfm Contract With Customer Liability Liabilities Incurred
ContractWithCustomerLiabilityLiabilitiesIncurred
5711000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4611000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5971000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9013000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10566000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10906000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12586000
CY2023 sfm Advertising Expense Net Of Vendor Reimbursement
AdvertisingExpenseNetOfVendorReimbursement
45800000
CY2023 sfm Advertising Expense Net Of Vendor Reimbursement
AdvertisingExpenseNetOfVendorReimbursement
49200000
CY2022 sfm Advertising Expense Net Of Vendor Reimbursement
AdvertisingExpenseNetOfVendorReimbursement
45900000
CY2023Q4 sfm Accounts Receivable From Landlords
AccountsReceivableFromLandlords
5451000
CY2023Q1 sfm Accounts Receivable From Landlords
AccountsReceivableFromLandlords
232000
CY2023Q4 sfm Accounts Receivable From Vendors
AccountsReceivableFromVendors
3168000
CY2023Q1 sfm Accounts Receivable From Vendors
AccountsReceivableFromVendors
3544000
CY2023Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
2884000
CY2023Q1 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
2320000
CY2023Q4 sfm Accounts Receivable Ecommerce Current
AccountsReceivableEcommerceCurrent
7682000
CY2023Q1 sfm Accounts Receivable Ecommerce Current
AccountsReceivableEcommerceCurrent
6988000
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
11128000
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3024000
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
30313000
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
16108000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1300000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1400000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22062000
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
33034000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2076000
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
1959000
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
23559000
CY2023Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
18155000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
770000
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
770000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
48467000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53918000
CY2023Q4 sfm Land And Finance Lease Assets Gross
LandAndFinanceLeaseAssetsGross
16562000
CY2023Q1 sfm Land And Finance Lease Assets Gross
LandAndFinanceLeaseAssetsGross
15753000
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1002824000
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
850357000
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
715489000
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
679880000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
92066000
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
110106000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1826941000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1656096000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1028234000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
933855000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
798707000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
722241000
CY2023 us-gaap Depreciation
Depreciation
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CY2023 us-gaap Depreciation
Depreciation
125700000
CY2022 us-gaap Depreciation
Depreciation
124100000
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
30500000
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8100000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4800000
CY2023 us-gaap Lease Cost
LeaseCost
303988000
CY2023 us-gaap Lease Cost
LeaseCost
271523000
CY2022 us-gaap Lease Cost
LeaseCost
258398000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1106524000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7127000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7285000
CY2023Q4 sfm Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
1329981000
CY2023Q1 sfm Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
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OperatingLeaseLiabilityCurrent
126271000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
135584000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1032000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1012000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1399676000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1145173000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8685000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8902000
CY2023Q4 sfm Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
1535664000
CY2023Q1 sfm Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
1290671000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
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OperatingLeaseWeightedAverageDiscountRatePercent
0.072
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.084
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
228411000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
809000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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364997000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
157269000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
139349000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
208602000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1780000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
210382000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
267082000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2107000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
269189000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
231900000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1945000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
233845000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
215856000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2032000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
217888000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
185758000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1766000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
187524000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1072847000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
3241000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due After Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
1076088000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2182045000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
12871000
CY2023Q4 sfm Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
2194916000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
656098000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3154000
CY2023Q4 sfm Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
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CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1525947000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
9717000
CY2023Q4 sfm Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
1535664000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126271000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1032000
CY2023Q4 sfm Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1399676000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8685000
CY2023Q4 sfm Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
1408361000
CY2023Q4 sfm Operating Lease Option To Extend Reasonably Certain Of Being Exercised
OperatingLeaseOptionToExtendReasonablyCertainOfBeingExercised
62500000
CY2023Q4 sfm Operating Lease Legally Binding Minimum Payments For Leases That Have Not Yet Commenced
OperatingLeaseLegallyBindingMinimumPaymentsForLeasesThatHaveNotYetCommenced
584100000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due Next Twelve Months
LesseeOperatingLeaseLiabilitySubtenantDueNextTwelveMonths
1100000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due Yeartwo
LesseeOperatingLeaseLiabilitySubtenantDueYeartwo
900000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due Year Three
LesseeOperatingLeaseLiabilitySubtenantDueYearThree
800000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due Year Four
LesseeOperatingLeaseLiabilitySubtenantDueYearFour
700000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due Year Five
LesseeOperatingLeaseLiabilitySubtenantDueYearFive
300000
CY2023Q4 sfm Lessee Operating Lease Liability Subtenant Due After Year Five
LesseeOperatingLeaseLiabilitySubtenantDueAfterYearFive
100000
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2023 us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
0
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
184960000
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
184960000
CY2023 us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
23100000
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2023 sfm Increase Decrease In Amortization Of Deferred Charges
IncreaseDecreaseInAmortizationOfDeferredCharges
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CY2022 sfm Increase Decrease In Amortization Of Deferred Charges
IncreaseDecreaseInAmortizationOfDeferredCharges
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CY2023 sfm Increase Decrease In Amortization Of Deferred Charges
IncreaseDecreaseInAmortizationOfDeferredCharges
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CY2023Q4 us-gaap Goodwill
Goodwill
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CY2023Q1 us-gaap Goodwill
Goodwill
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CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10906000
CY2023Q4 sfm Accrued Sales Use And Excise Tax
AccruedSalesUseAndExciseTax
14296000
CY2023Q1 us-gaap Goodwill
Goodwill
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12863000
CY2023Q4 us-gaap Goodwill
Goodwill
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12300000
CY2023Q1 us-gaap Other Assets Noncurrent
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14000000
CY2023Q4 us-gaap Self Insurance Reserve Current
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25012000
CY2023Q1 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
23954000
CY2023Q4 sfm Accrued Occupancy Costs Current
AccruedOccupancyCostsCurrent
23935000
CY2023Q1 sfm Accrued Occupancy Costs Current
AccruedOccupancyCostsCurrent
24981000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10566000
CY2023Q1 sfm Accrued Sales Use And Excise Tax
AccruedSalesUseAndExciseTax
13820000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
91078000
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
77645000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
164887000
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
151306000
CY2023Q4 us-gaap Accrued Bonuses Current
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33890000
CY2023Q1 us-gaap Accrued Bonuses Current
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23679000
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20652000
CY2023Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
19873000
CY2023Q4 us-gaap Accrued Vacation Current
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18050000
CY2023Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
16732000
CY2023Q4 sfm Accrued Severance And Other Current
AccruedSeveranceAndOtherCurrent
2160000
CY2023Q1 sfm Accrued Severance And Other Current
AccruedSeveranceAndOtherCurrent
1290000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74752000
CY2023Q1 us-gaap Employee Related Liabilities Current
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61574000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8685000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8902000
CY2023Q4 sfm Long Term Debt And Finance Lease Liabilities Noncurrent
LongTermDebtAndFinanceLeaseLiabilitiesNoncurrent
133685000
CY2023Q1 sfm Long Term Debt And Finance Lease Liabilities Noncurrent
LongTermDebtAndFinanceLeaseLiabilitiesNoncurrent
258902000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
125000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0
CY2023Q4 us-gaap Long Term Debt
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CY2023 us-gaap Line Of Credit Facility Increase Decrease For Period Net
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62500000
CY2023Q4 us-gaap Self Insurance Reserve Noncurrent
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22826000
CY2023Q1 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
23658000
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13444000
CY2023Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
12682000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36270000
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36340000
CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2023 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
85148000
CY2023 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
76720000
CY2022 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
85892000
CY2023 sfm Self Insurance Reserve Claim Payments
SelfInsuranceReserveClaimPayments
-84922000
CY2023 sfm Self Insurance Reserve Claim Payments
SelfInsuranceReserveClaimPayments
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CY2022 sfm Self Insurance Reserve Claim Payments
SelfInsuranceReserveClaimPayments
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CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
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CY2023Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
25012000
CY2023Q1 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
23954000
CY2022Q1 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
27136000
CY2023Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
22826000
CY2023Q1 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
23658000
CY2022Q1 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
23393000
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CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7820000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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22913000
CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
20723000
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
19569000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88149000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78235000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.054
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.047
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Charitable Contributions
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0.01
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Charitable Contributions
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0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Charitable Contributions
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseCharitableContributions
0.015
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.014
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.012
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">27. Store Closures</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">I</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">n February 2023, the Company's board of directors approved the closing of </span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">11</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> stores, all of which were closed during 2023. These stores, on average, were approximately </span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">30</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">% larger than the Company's current prototype format and were underperforming financially. The closure of these stores resulted in a charge of $</span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">27.8</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> million in 2023 related to the impairment of leasehold improvements and right-of-use assets and is reflected in Store closure and other costs, net on the consolidated statements of income. The impairment charge represented the excess of the carrying value over the estimated fair value of each store's asset group. Accelerated depreciation on the closed stores' assets during 2023 was $</span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">5.9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> million, and is reflected in Depreciation and amortiz</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">ation on the consolidated statements of income. Severance expense was immaterial.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p>
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CY2023 ecd Rule10b51 Arr Adopted Flag
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false
CY2023 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

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