Treasury Shares and Share Repurchase Program	3 Months Ended
May 02, 2026
Equity [Abstract]
Treasury Shares and Share Repurchase Program	Treasury Shares and Share Repurchase Program Treasury Shares Acquired on Stock-Based Awards The Company acquired 221,072 shares for $21.0 million and 310,102 shares for $35.1 million in the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively, to satisfy employees’ tax withholding obligations upon the vesting of restricted stock and performance stock awards, which was recorded as treasury stock. Share Repurchase Program On November 18, 2024, the Company’s board of directors approved a share repurchase program (the “2024 Repurchase Program”) that allows the Company to repurchase up to $1.00 billion of its outstanding common stock from time to time as market conditions warrant. The 2024 Repurchase Program was effective on February 1, 2025 and expires in January 2029. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate requirements, market conditions, and other corporate liquidity requirements and priorities. The Company initiated the 2024 Repurchase Program to mitigate potentially dilutive effects of stock awards granted by the Company, in addition to enhancing shareholder value. The Company repurchased 2,114,000 shares for $206.6 million and 55,000 shares for $6.2 million under the 2024 Repurchase Program during the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively. The Company accounts for treasury stock under the cost method based on the fair market value of the shares on the dates of repurchase plus any direct costs incurred. As of May 2, 2026, $545.0 million remained available to purchase under the 2024 Repurchase Program. Retirement of Treasury Shares During the first quarter of fiscal 2026, the Company retired 2,335,072 shares of treasury stock, which represented the cumulative number of shares held in the Company’s treasury due to acquisitions during the current period. The retirement of these shares resulted in decreases in each of treasury stock and APIC of $227.5 million. There were no share retirements during the first quarter of fiscal year 2025.

Treasury Shares and Share Repurchase Program

3 Months Ended

May 02, 2026

Treasury Shares and Share Repurchase Program

Treasury Shares Acquired on Stock-Based Awards

The Company acquired 221,072 shares for $21.0 million and 310,102 shares for $35.1 million in the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively, to satisfy employees’ tax withholding obligations upon the vesting of restricted stock and performance stock awards, which was recorded as treasury stock.

Share Repurchase Program

On November 18, 2024, the Company’s board of directors approved a share repurchase program (the “2024 Repurchase Program”) that allows the Company to repurchase up to $1.00 billion of its outstanding common stock from time to time as market conditions warrant. The 2024 Repurchase Program was effective on February 1, 2025 and expires in January 2029. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate requirements, market conditions, and other corporate liquidity requirements and priorities. The Company initiated the 2024 Repurchase Program to mitigate potentially dilutive effects of stock awards granted by the Company, in addition to enhancing shareholder value.

The Company repurchased 2,114,000 shares for $206.6 million and 55,000 shares for $6.2 million under the 2024 Repurchase Program during the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively. The Company accounts for treasury stock under the cost method based on the fair market value of the shares on the dates of repurchase plus any direct costs incurred.

As of May 2, 2026, $545.0 million remained available to purchase under the 2024 Repurchase Program.

Retirement of Treasury Shares

During the first quarter of fiscal 2026, the Company retired 2,335,072 shares of treasury stock, which represented the cumulative number of shares held in the Company’s treasury due to acquisitions during the current period. The retirement of these shares resulted in decreases in each of treasury stock and APIC of $227.5 million. There were no share retirements during the first quarter of fiscal year 2025.