| Schedule of significant expense categories included in the measure of the segment's net income |
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13 Weeks Ended |
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May 2, |
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May 3, |
(In thousands) |
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2026 |
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2025 |
Net sales |
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$ |
3,163,857 |
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$ |
2,848,367 |
Less: |
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Cost of sales (1) |
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1,896,237 |
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1,734,148 |
Associate expenses (2) |
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438,018 |
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387,150 |
Advertising expense, net (3) |
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93,055 |
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90,609 |
Pre-opening expenses |
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4,665 |
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1,829 |
Other segment expenses (1) (4) |
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283,626 |
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232,854 |
Interest income, net |
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(652) |
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(3,547) |
Income tax expense |
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106,860 |
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99,644 |
Equity net loss of affiliate |
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1,579 |
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628 |
Net income |
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$ |
340,469 |
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$ |
305,052 |
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(1) |
Included within cost of sales and other segment expenses is depreciation and amortization expense of $81,399 and $72,033 for the 13 weeks ended May 2, 2026 and May 3, 2025, respectively. |
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(2) |
Associate expenses include salaries, wages, bonuses, and other forms of compensation related to associates. |
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(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 operating expenses within SG&A expenses.
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