Earnings per share

6 Months Ended

Jul. 31, 2026

Earnings per Share

Earnings per share

2.	Earnings per share

Earnings per share is computed as follows (in thousands, except per share data):


		13 Weeks Ended July 31, 2026									13 Weeks Ended August 1, 2025
					Weighted									Weighted
		Net			Average		Per Share				Net			Average		Per Share
		Income			Shares		Amount				Income			Shares		Amount
Basic earnings per share		$	550,315		220,606		$	2.49			$	411,426		220,090		$	1.87
Effect of dilutive share-based awards					899									764
Diluted earnings per share		$	550,315		221,505		$	2.48			$	411,426		220,854		$	1.86

		26 Weeks Ended July 31, 2026									26 Weeks Ended August 1, 2025
					Weighted									Weighted
		Net			Average		Per Share				Net			Average		Per Share
		Income			Shares		Amount				Income			Shares		Amount
Basic earnings per share		$	994,442		220,477		$	4.51			$	803,354		220,038		$	3.65
Effect of dilutive share-based awards					1,055									457
Diluted earnings per share		$	994,442		221,532		$	4.49			$	803,354		220,495		$	3.64

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.

Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were approximately 0.0 million for the 13-week and 26-week periods ended July 31, 2026, and 0.1 million for the 13-week and 26-week periods ended August 1, 2025.