Quarterly report pursuant to Section 13 or 15(d)

Share repurchase program

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Share repurchase program
9 Months Ended
Oct. 28, 2023
Share repurchase program  
Share repurchase program

12.Share repurchase program

In March 2022, the Board of Directors authorized a share repurchase program (the 2022 Share Repurchase Program) pursuant to which the Company may repurchase up to $2,000,000 of the Company’s common stock. The 2022 Share Repurchase Program revokes the previously authorized but unused amounts from the earlier share repurchase program. The authorized value of shares available to be repurchased under the 2022 Share Repurchase Program excludes excise tax. The 2022 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:

39 Weeks Ended  

October 28,

October 29,

(In thousands)

2023

    

2022

Shares repurchased

1,821

1,470

Total cost of shares repurchased, including excise tax

$

848,356

$

571,908