Segment reporting (Tables)

12 Months Ended

Jan. 31, 2025

Segment reporting

Schedule of net sales grouped by classes of similar products

(in thousands)	2024		2023		2022
Classes of similar products:
Consumables	$	33,370,910	$	31,342,595	$	30,155,218
Seasonal		4,073,317		4,083,790		4,182,815
Home products		2,074,379		2,163,806		2,332,411
Apparel		1,093,702		1,101,418		1,174,419
Net sales	$	40,612,308	$	38,691,609	$	37,844,863

Reconciliation of segment revenue and significant segment expenses to net income

(in thousands)	2024		2023		2022
Net sales	$	40,612,308	$	38,691,609	$	37,844,863
Less:
Shrink included in cost of goods sold		928,896		910,674		481,011
Cost of goods sold, excluding shrink(b)		27,665,915		26,061,911		25,543,754
Interest expense, net		274,320		326,781		211,273
Income tax expense		314,501		458,245		700,625
Other segment items (a)(b)		10,303,423		9,272,724		8,492,211
Consolidated net income	$	1,125,253	$	1,661,274	$	2,415,989

(a) Other segment items include all remaining SG&A expenses and other (income) expense as disclosed in the Consolidated Statements of Income which were not deemed individually significant for disclosure. These expense items include rent expense as disclosed in Note 4 as well as advertising costs and impairment expense as disclosed in Note 1.

(b) Depreciation and amortization expense included in Cost of goods sold and SG&A expenses was approximately $971.7 million, $848.8 million and $724.9 million for 2024, 2023 and 2022.