Note 7 - Income Taxes |
3 Months Ended |
|---|---|
May 03, 2025 | |
| Notes to Financial Statements | |
| Income Tax Disclosure [Text Block] |
7. Income Taxes
The Company's effective tax rate was 22.0% for the thirteen weeks ended May 3, 2025 compared to 23.8% for the thirteen weeks ended May 4, 2024. In the first quarter of fiscal 2025, the effective tax rate differed from the statutory rate of 21% primarily due to state income tax expense partially offset by the tax impact of equity awards vesting and the foreign-derived intangible income deduction. In the first quarter of fiscal 2024, the effective tax rate differed from the statutory rate of 21% primarily due to state income tax expense partially offset by the tax impact of equity awards vesting. In addition, in the first quarter of fiscal 2025 and 2024, the Company remains in a full valuation allowance in certain foreign jurisdictions.
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