Earnings Per Common Share

6 Months Ended

Aug. 02, 2025

Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock outstanding, plus the effect of dilutive potential common shares outstanding, which include stock-based awards, such as restricted stock and stock options.

Dilutive potential common shares for the Company’s stock-based awards are determined using the treasury stock method and are excluded from the computation of earnings per share if their effect is anti-dilutive.

The computations for basic and diluted earnings per common share were as follows for the periods presented (in thousands, except per share data):


	13 Weeks Ended				26 Weeks Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024

Net income for earnings per common share	$	381,402	$	362,230	$	645,690	$	637,525



Weighted average common shares outstanding - basic	79,147		80,432		79,244		80,507
Dilutive effect of stock-based awards	1,894		2,382		2,015		2,573
Weighted average common shares outstanding - diluted	81,041		82,814		81,259		83,080


Earnings per common share:
Basic	$	4.82	$	4.50	$	8.15	$	7.92
Diluted	$	4.71	$	4.37	$	7.95	$	7.67

Stock-based awards excluded from diluted shares	7		1		7		35