Quarterly report [Sections 13 or 15(d)]

Segment reporting

v3.25.2
Segment reporting
6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
Segment reporting

14. Segment reporting

The Company has one reportable segment, which includes retail stores, salon services, and e-commerce. Within the reportable segment, there are significant expense categories included in the measure of the segment’s net income as shown below:

13 Weeks Ended

26 Weeks Ended

August 2,

August 3,

August 2,

August 3,

(In thousands)

2025

    

2024

    

2025

    

2024

Net sales

$

2,788,469

$

2,552,087

$

5,636,836

$

5,277,935

Less:

Cost of sales (1)

1,696,773

1,573,910

3,430,921

3,229,978

Associate expenses (2)

407,579

351,608

794,729

707,877

Advertising expense, net (3)

80,619

74,597

171,228

160,304

Pre-opening expenses

5,105

4,155

6,934

7,074

Other segment expenses (1) (4)

253,539

218,616

486,393

442,553

Interest income, net

(1,413)

(4,526)

(4,960)

(11,426)

Income tax expense

84,795

81,171

184,439

175,906

Equity net loss of affiliate

597

1,225

Net income

$

260,875

$

252,556

$

565,927

$

565,669

(1)

Included within cost of sales and other segment expenses is depreciation and amortization expense of $71,165 and $65,314 for the 13 weeks ended August 2, 2025 and August 3, 2024, respectively, and $143,198 and $130,053 for the 26 weeks ended August 2, 2025 and August 3, 2024, respectively.

(2)

Associate expenses include salaries, wages, bonus, and other forms of compensation related to associates.

(3)

Advertising expense, net consists of print, digital and social media, and television and radio advertising, net of vendor income that is a reimbursement of specific, incremental, and identifiable costs.

(4) Other segment expenses include other corporate overhead and store opening expenses within SG&A expenses.