Earnings per share

6 Months Ended

Aug. 01, 2025

Earnings Per Share

Earnings per share

2.	Earnings per share

Earnings per share is computed as follows (in thousands, except per share data):


		13 Weeks Ended August 1, 2025									13 Weeks Ended August 2, 2024
					Weighted									Weighted
		Net			Average		Per Share				Net			Average		Per Share
		Income			Shares		Amount				Income			Shares		Amount
Basic earnings per share		$	411,426		220,090		$	1.87			$	374,190		219,904		$	1.70
Effect of dilutive share-based awards					764									161
Diluted earnings per share		$	411,426		220,854		$	1.86			$	374,190		220,065		$	1.70

		26 Weeks Ended August 1, 2025									26 Weeks Ended August 2, 2024
					Weighted									Weighted
		Net			Average		Per Share				Net			Average		Per Share
		Income			Shares		Amount				Income			Shares		Amount
Basic earnings per share		$	803,354		220,038		$	3.65			$	737,507		219,826		$	3.35
Effect of dilutive share-based awards					457									233
Diluted earnings per share		$	803,354		220,495		$	3.64			$	737,507		220,059		$	3.35

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.

Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were approximately 0.1 million in the respective 13-week and 26-week periods ended August 1, 2025 and August 2, 2024.