| Schedule of significant expense categories included in the measure of the segment's net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|