Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.23.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Consolidated Statements of Income (Unaudited)      
Net sales $ 10,208,580 $ 8,630,889 $ 6,151,953
Cost of sales 6,164,070 5,262,335 4,202,794
Gross profit 4,044,510 3,368,554 1,949,159
Selling, general and administrative expenses 2,395,299 2,061,545 1,583,017
Impairment, restructuring and other costs     114,322
Pre-opening expenses 10,601 9,517 15,000
Operating income 1,638,610 1,297,492 236,820
Interest (income) expense, net (4,934) 1,663 5,735
Income before income taxes 1,643,544 1,295,829 231,085
Income tax expense 401,136 309,992 55,250
Net income $ 1,242,408 $ 985,837 $ 175,835
Net income per common share:      
Basic $ 24.17 $ 18.09 $ 3.12
Diluted $ 24.01 $ 17.98 $ 3.11
Weighted average common shares outstanding:      
Basic 51,403 54,482 56,351
Diluted 51,738 54,841 56,558