EARNINGS PER SHARE

6 Months Ended

Aug. 03, 2025

Basic earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding and common stock equivalents outstanding for the period using the treasury stock method. Common stock equivalents consist of shares subject to stock-based awards to the extent their inclusion would be dilutive.

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:


(In thousands, except per share amounts)	Net Earnings		Weighted Average Shares	Earnings Per Share
Thirteen weeks ended August 3, 2025
Basic	$	247,562	122,121	$	2.03
Effect of dilutive stock-based awards			1,474
Diluted	$	247,562	123,595	$	2.00
Thirteen weeks ended July 28, 2024
Basic	$	216,855	128,256	$	1.69
Effect of dilutive stock-based awards			1,554
Diluted	$	216,855	129,810	$	1.67
Twenty-six weeks ended August 3, 2025
Basic	$	478,825	122,614	$	3.91
Effect of dilutive stock-based awards			1,549
Diluted	$	478,825	124,163	$	3.86
Twenty-six weeks ended July 28, 2024
Basic	$	477,271	128,334	$	3.72
Effect of dilutive stock-based awards			1,769
Diluted	$	477,271	130,103	$	3.67

The effect of anti-dilutive stock-based awards was not material for the thirteen and twenty-six weeks ended August 3, 2025 and July 28, 2024, respectively.