Quarterly report [Sections 13 or 15(d)]

Net income per common share

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Net income per common share
9 Months Ended
Nov. 01, 2025
Net income per common share  
Net income per common share

12.Net income per common share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of net income per basic and diluted common share:

13 Weeks Ended

39 Weeks Ended

November 1,

November 2,

November 1,

November 2,

(In thousands, except per share data)

    

2025

    

2024

    

2025

    

2024

Numerator:

Net income

    

$

230,875

$

242,179

$

796,802

$

807,848

Denominator:

Weighted-average common shares – Basic

44,731

46,928

45,016

47,519

Dilutive effect of stock options and non-vested shares

164

164

135

191

Weighted-average common shares – Diluted

44,895

47,092

45,151

47,710

Net income per common share:

Basic

$

5.16

$

5.16

$

17.70

$

17.00

Diluted

$

5.14

$

5.14

$

17.65

$

16.93

The denominator for diluted net income per common share for the 13 weeks ended November 1, 2025 and November 2, 2024 excludes 82 and 176 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. The denominator for diluted net income per common share for the 39 weeks ended November 1, 2025 and November 2, 2024 excludes 261 and 206 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. Outstanding performance-based restricted stock units are included in the computation of dilutive shares only to the extent that the underlying performance conditions are satisfied prior to the end of the reporting period or would be considered satisfied if the end of the reporting period were the end of the related contingency period and the results would be dilutive under the treasury stock method.