Quarterly report [Sections 13 or 15(d)]

Share repurchase program

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Share repurchase program
3 Months Ended
May 03, 2025
Share repurchase program  
Share repurchase program

12.Share repurchase program

In March 2024, the Board of Directors authorized a share repurchase program (the March 2024 Share Repurchase Program) pursuant to which the Company could repurchase up to $2,000,000 of the Company’s common stock. The March 2024 Share Repurchase Program authorization revoked the previously authorized but unused amounts from the earlier share repurchase program. The March 2024 Share Repurchase Program did not have an expiration date but provided for suspension or discontinuation at any time.

In October 2024, the Board of Directors authorized a share repurchase program (the October 2024 Share Repurchase Program) pursuant to which the Company may repurchase up to $3,000,000 of the Company’s common stock. The October 2024 Share Repurchase Program authorization revoked the previously authorized but unused amounts from the March 2024 Share Repurchase Program. The October 2024 Share Repurchase Program does not have an expiration date and may be suspended or discontinued at any time.

A summary of common stock repurchase activity is presented in the following table:

13 Weeks Ended  

May 3,

May 4,

(In thousands)

2025

    

2024

Shares repurchased

987

588

Total cost of shares repurchased, including excise tax

$

362,090

$

287,410