Earnings Per Share

12 Months Ended

Feb. 02, 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
Fiscal 2024
Basic	$	1,125,251	126,242	$	8.91
Effect of dilutive stock-based awards			1,799
Diluted	$	1,125,251	128,041	$	8.79
Fiscal 2023
Basic	$	949,762	129,148	$	7.35
Effect of dilutive stock-based awards			1,395
Diluted	$	949,762	130,543	$	7.28
Fiscal 2022
Basic	$	1,127,904	136,042	$	8.29
Effect of dilutive stock-based awards			2,157
Diluted	$	1,127,904	138,199	$	8.16

The effect of anti-dilutive stock-based awards was not material for fiscal 2024, fiscal 2023 and fiscal 2022.