Income Taxes (Tables)

12 Months Ended

Feb. 01, 2026

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings Before Income Taxes, By Tax Jurisdiction

The components of earnings before income taxes, by tax jurisdiction, are as follows:

	For the Fiscal Year Ended
(In thousands)	February 1, 2026		February 2, 2025		January 28, 2024
United States	$	1,253,410	$	1,301,017	$	1,154,160
Foreign	199,150		184,715		119,195
Total	$	1,452,560	$	1,485,732	$	1,273,355

Schedule of Components of Provision for Income Taxes

The provision for income taxes consists of the following:

	For the Fiscal Year Ended
(In thousands)	February 1, 2026		February 2, 2025		January 28, 2024
Current
Federal	$	242,980	$	276,201	$	275,734
State	65,877		64,834		54,903
Foreign	34,951		29,187		22,041
Total current	$	343,808	$	370,222	$	352,678
Deferred
Federal	$	22,799	$	(7,608)	$	(30,632)
State	(2,024)		(1,925)		686
Foreign	(460)		(208)		861
Total deferred	$	20,315	$	(9,741)	$	(29,085)
Total provision	$	364,123	$	360,481	$	323,593

Schedule of Reconciliation of Income Taxes at Federal Statutory Corporate Rate to Effective Rate

A reconciliation of income taxes at the federal statutory corporate rate to the effective rate is as follows:

	For the Fiscal Year Ended
	February 1, 2026
(In thousands)	$		%
United States federal statutory tax rate	$	305,038	21.0	%
State and local income taxes, net of federal income tax effect 1	59,484		4.1
Foreign tax effects	(3,667)		(0.3)
Effect of changes in tax laws or rates enacted in the current period	—		—
Effect of cross-border tax laws	69		—
Tax credits	(397)		—
Changes in valuation allowance	—		—
Nontaxable or nondeductible items	6,818		0.5
Changes in unrecognized tax benefits	(1,907)		(0.1)
Other adjustments	(1,315)		(0.1)
Effective tax rate	$	364,123	25.1	%

1State taxes in California, New York, New Jersey and Illinois make up the majority of the tax effect in this category.

A reconciliation of income taxes at the federal statutory corporate rate to the effective rate for prior fiscal years is as follows:

	For the Fiscal Year Ended
	February 2, 2025		January 28, 2024
Federal income taxes at the statutory rate	21.0	%	21.0	%
State income tax rate	4.1		4.4
Officer’s compensation under Sec.162(m)	0.9		0.9
Change in uncertain tax positions	0.2		(0.5)
Deferred true up	—		0.2
Stock-based compensation	(1.1)		(0.3)
Foreign rate differential	(0.5)		(0.3)
Credits	(0.1)		—
Other	(0.2)		—
Total	24.3	%	25.4	%

Schedule of Cash Flow, Supplemental Disclosures

The company’s income taxes paid (net of refunds received), are as follows:

	For the Fiscal Year Ended
(In thousands)	February 1, 2026
Federal	$	226,000
State:
California	20,861
Other	53,227
Total State	74,088
Foreign	30,216
Total	$	330,304

Schedule of Components of Deferred Income Tax Accounts

Significant components of our deferred income tax accounts are as follows:

	As of
(In thousands)	February 1, 2026		February 2, 2025
Deferred tax assets (liabilities)
Operating lease liabilities	$	367,263	$	332,146
Merchandise inventories	38,056		36,935
Compensation	34,037		28,832
Gift cards	26,549		24,515
Accrued liabilities	15,845		16,879
Executive deferred compensation	13,472		12,204
Stock-based compensation	12,752		13,822
State taxes	9,298		7,956
Loyalty rewards	2,694		2,972
State net operating loss	929		977
Operating lease right-of-use assets	(318,480)		(294,216)
Property and equipment	(74,947)		(34,254)
Deferred lease incentives	(23,803)		(23,452)
Other	(5,403)		(7,587)
Valuation allowance	(743)		(1,198)
Total deferred tax assets, net	$	97,519	$	116,531

Schedule of Components of Deferred Income Tax Accounts

The following table summarizes the activity related to gross unrecognized tax benefits:

	For the Fiscal Year Ended
(In thousands)	February 1, 2026		February 2, 2025		January 28, 2024
Beginning balance	$	32,373	$	31,582	$	37,068
Increases related to current year tax positions	6,059		5,119		4,966
Increases for tax positions for prior years	276		271		194
Decrease for tax positions for prior years	(245)		(558)		(1,170)
Settlements	—		(370)		—
Lapse in statute of limitations	(3,415)		(3,671)		(9,476)
Ending balance	$	35,048	$	32,373	$	31,582