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Share-Based Payments (Tables)
8 Months Ended
May 04, 2024
Share-Based Payments  
Schedule of Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense

The weighted average fair value of the stock option awards granted during the thirty-six week periods ended May 4, 2024 and May 6, 2023, using the Black-Scholes-Merton multiple-option pricing valuation model, was $915.03 and $764.68 per share, respectively, using the following weighted average key assumptions:

Thirty-Six Weeks Ended

    

May 4,

    

May 6,

    

    

2024

2023

Expected price volatility

 

29

%  

29

%

Risk-free interest rate

 

4.8

%  

3.8

%

Weighted average expected lives (in years)

 

5.4

 

5.5

 

Forfeiture rate

 

7

%  

10

%

Dividend yield

 

0

%  

0

%