Income Taxes

9 Months Ended

Oct. 28, 2023

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

The effective income tax rate for the third quarter of 2023 was 13.3% compared to 18.3% for the third quarter of 2022. Year to date, the rate was 16.4% and 21.1% for 2023 and 2022, respectively. The third quarter and year to date rates reflect the recognition of favorable tax items in both 2023 and 2022.