v3.23.2
Related-Party Transactions
12 Months Ended
Jul. 01, 2023
Related Party Transactions [Abstract]  
Related-Party Transactions

16. Related-Party Transactions

The Company participates in, and has an equity method investment in, a purchasing alliance that was formed to obtain better pricing, to expand product options, to reduce internal costs, and to achieve greater inventory turnover. The Company’s investment in the purchasing alliance was $9.9 million as of July 1, 2023, and $8.7 million as of July 2, 2022. For fiscal 2023, fiscal 2022, and fiscal 2021, the Company recorded purchases of $2,006.2 million, $1,858.4 million, and $1,300.2 million, respectively, through the purchasing alliance.