Management prioritizes reinvestment in technology and supply chain, returns excess cash via rising dividends and sizable buybacks, and limits corporate store exposure. In 2025 YTD through Q3, buybacks totaled ~275 million dollars with 540 million dollars remaining authorized; the quarterly dividend was raised 15 percent to 1.74 dollars.
The decision to join aggregators while retaining self-delivery reflects pragmatic, high-ROI distribution investment rather than capital-heavy bets.







