Schedule of segment reporting information, by segment

The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations:


	Three Months Ended August 2, 2025									Three Months Ended August 3, 2024
(in thousands of dollars)	Retail Operations			Construction			Consolidated			Retail Operations			Construction			Consolidated
Net sales from customers	$	1,446,843		$	74,073		$	1,520,916		$	1,426,431		$	70,815		$	1,497,246
Elimination of intersegment revenues		-			(7,086)			(7,086)			-			(7,308)			(7,308)
Net sales from external customers		1,446,843			66,987			1,513,830			1,426,431			63,507			1,489,938

Reconciliation of revenue
Service charges and other income		22,140			33			22,173			24,681			27			24,708
Total net sales and service charges and other income		1,468,983			67,020			1,536,003			1,451,112			63,534			1,514,646

Less: ^(a)
Cost of sales		895,918			63,388			959,306			869,233			61,098			930,331
Payroll expense ^(b)		268,311			1,857			270,168			270,352			1,784			272,136
Depreciation and amortization		44,577			82			44,659			46,213			163			46,376
Rentals		4,496			55			4,551			4,903			53			4,956
Interest and investment income		(11,298)			(233)			(11,531)			(13,521)			(216)			(13,737)
Interest and debt expense		10,074			-			10,074			9,803			-			9,803
Other segment items ^(c)		163,647			544			164,191			166,652			1,016			167,668
Income before income taxes	$	93,258		$	1,327			94,585		$	97,477		$	(364)			97,113
Income taxes								21,750									22,630
Net income							$	72,835								$	74,483

Gross margin ^(d)	$	550,925		$	3,599		$	554,524		$	557,198		$	2,409		$	559,607
Gross margin percentage		38.1	%		5.4	%		36.6	%		39.1	%		3.8	%		37.6	%

Total assets	$	3,608,508		$	75,965		$	3,684,473		$	3,584,664		$	77,198		$	3,661,862
Capital expenditures	$	26,641		$	33		$	26,674		$	25,892		$	19		$	25,911

(a)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(b)	Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories.

(c)	Other segment items for each reportable segment includes:

●All selling, general and administrative expenses other than payroll expense

●Other expense

●Gain on disposal of assets

(d)	The calculation of gross margin is net sales from external customers less cost of sales.

Intersegment construction revenues of $7.1 million and $7.3 million for the three months ended August 2, 2025 and August 3, 2024, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods.


	Six Months Ended August 2, 2025									Six Months Ended August 3, 2024
(in thousands of dollars)	Retail Operations			Construction			Consolidated			Retail Operations			Construction			Consolidated
Net sales from customers	$	2,914,780		$	141,362		$	3,056,142		$	2,919,074		$	136,654		$	3,055,728
Elimination of intersegment revenues		-			(13,449)			(13,449)			-			(16,739)			(16,739)
Net sales from external customers		2,914,780			127,913			3,042,693			2,919,074			119,915			3,038,989

Reconciliation of revenue
Service charges and other income		40,222			59			40,281			48,340			126			48,466
Total net sales and service charges and other income		2,955,002			127,972			3,082,974			2,967,414			120,041			3,087,455

Less: ^(a)
Cost of sales		1,695,590			121,407			1,816,997			1,672,691			115,465			1,788,156
Payroll expense ^(b)		531,672			3,436			535,108			537,045			3,777			540,822
Depreciation and amortization		88,990			154			89,144			92,264			231			92,495
Rentals		9,035			112			9,147			9,864			116			9,980
Interest and investment income		(22,248)			(443)			(22,691)			(26,842)			(460)			(27,302)
Interest and debt expense		20,412			-			20,412			19,836			-			19,836
Other segment items ^(c)		325,435			1,140			326,575			329,872			1,675			331,547
Income before income taxes	$	306,116		$	2,166			308,282		$	332,684		$	(763)			331,921
Income taxes								71,630									77,400
Net income							$	236,652								$	254,521

Gross margin ^(d)	$	1,219,190		$	6,506		$	1,225,696		$	1,246,383		$	4,450		$	1,250,833
Gross margin percentage		41.8	%		5.1	%		40.3	%		42.7	%		3.7	%		41.2	%

Total assets	$	3,608,508		$	75,965		$	3,684,473		$	3,584,664		$	77,198		$	3,661,862
Capital expenditures	$	43,461		$	66		$	43,527		$	61,033		$	53		$	61,086

(a)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(b)	Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories.

(c)	Other segment items for each reportable segment includes:

●

All selling, general and administrative expenses other than payroll expense

●

Other expense

●

Gain on disposal of assets

(d)	The calculation of gross margin is net sales from external customers less cost of sales.

Schedule of accounts receivable, contract assets and liabilities - Construction


Construction
	August 2,		February 1,		August 3,		February 3,
(in thousands of dollars)	2025		2025		2024		2024
Accounts receivable	$	45,130	$	46,646	$	53,548	$	47,240
Costs and estimated earnings in excess of billings on uncompleted contracts		1,713		3,913		3,685		1,695
Billings in excess of costs and estimated earnings on uncompleted contracts		10,753		6,983		9,543		6,307