| Schedule of significant expense categories included in the measure of the segment's net income |
| | | | | | | | | | | | Fiscal Year Ended | | | January 31, | | February 1, | | February 3, | (In thousands) | | 2026 | | 2025 | | 2024 | Net sales | | $ | 12,392,820 | | $ | 11,295,654 | | $ | 11,207,303 | Less: | | | | | | | | | | Cost of sales (1) | | | 7,547,596 | | | 6,908,401 | | | 6,826,203 | Associate expenses (2) | | | 1,714,677 | | | 1,459,231 | | | 1,391,175 | Advertising expense, net (3) | | | 490,980 | | | 431,455 | | | 422,779 | Pre-opening expenses | | | 15,821 | | | 13,689 | | | 8,510 | Other segment expenses (1) (4) | | | 1,090,754 | | | 917,906 | | | 880,607 | Interest expense (income), net | | | 1,787 | | | (15,094) | | | (17,622) | Income tax expense | | | 373,869 | | | 378,948 | | | 404,646 | Equity net loss of affiliate | | | 3,857 | | | — | | | — | Net income | | $ | 1,153,479 | | $ | 1,201,118 | | $ | 1,291,005 |
| (1) | Included within cost of sales and other segment expenses is depreciation and amortization expense of $300,772, $267,042, and $243,840 is fiscal years 2025, 2024, and 2023, respectively, as described in Note 2, “Summary of significant accounting policies.” |
| (2) | Associate expenses include salaries, wages, bonus, and other forms of compensation related to associates as described in Note 2, “Summary of significant accounting policies.” |
| (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 as described in Note 2, “Summary of significant accounting policies.” |
| (4) | Other segment expenses include other corporate overhead and store operating expenses within SG&A expenses as described in Note 2, “Summary of significant accounting policies.” |
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