Income Taxes

9 Months Ended

Nov. 02, 2024

Income Tax Disclosure [Abstract]

Income Taxes

6. Income Taxes

The effective income tax rate for the third quarter of 2024 was (2.8%) compared to 13.3% for the third quarter of 2023. Year to date, the rate is 1.3% and 16.4% for 2024 and 2023, respectively. The third quarter and year to date rates reflect the recognition of favorable tax items in both years.