v3.26.1
SUBSEQUENT EVENTS
12 Months Ended
Jan. 31, 2026
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 20—SUBSEQUENT EVENTS

In February 2026, we entered into a settlement agreement to resolve litigation pertaining to credit card interchange fees in which we received approximately $30 million, net of legal costs, in March 2026. We expect to recognize this settlement as a gain within selling, general and administrative expenses on the consolidated statements of income in the first quarter of fiscal 2026.

In February 2026, the U.S. Supreme Court invalidated certain tariffs imposed under the International Emergency Economic Powers Act (the “incremental tariffs”). Subsequently, new tariffs were imposed pursuant to alternative statutory authority and are scheduled to expire after 150 days absent Congressional authorization. Given the evolving trade policy environment, we continue to monitor the impact of these actions on our operations and consolidated financial statements, including our ability to recover incremental tariffs that we have paid.