Basic earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding and common stock equivalents outstanding for the period using the treasury stock method. Common stock equivalents consist of shares subject to stock-based awards to the extent their inclusion would be dilutive.

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:


(In thousands, except per share amounts)	Net earnings		Weighted average shares	Earnings per share
Thirteen weeks ended August 2, 2026
Basic	$	338,109	117,765	$	2.87
Effect of dilutive stock-based awards			1,127
Diluted	$	338,109	118,892	$	2.84
Thirteen weeks ended August 3, 2025
Basic	$	247,562	122,121	$	2.03
Effect of dilutive stock-based awards			1,474
Diluted	$	247,562	123,595	$	2.00
Twenty-six weeks ended August 2, 2026
Basic	$	569,471	118,075	$	4.82
Effect of dilutive stock-based awards			1,300
Diluted	$	569,471	119,375	$	4.77
Twenty-six weeks ended August 3, 2025
Basic	$	478,825	122,614	$	3.91
Effect of dilutive stock-based awards			1,549
Diluted	$	478,825	124,163	$	3.86

The effect of anti-dilutive stock-based awards was not material for the thirteen and twenty-six weeks ended August 2, 2026 and August 3, 2025.