Leases (Tables)

6 Months Ended

Aug. 01, 2026

The following table summarizes the maturity of the Company’s operating lease liabilities by fiscal year as of August 1, 2026:


		August 1,
		2026
		(in thousands)
Remainder of 2026		$	53,460
2027			151,464
2028			137,277
2029			116,631
2030			93,627
Thereafter			330,477
Total undiscounted lease payments ⁽¹⁾			882,936
Less: Imputed interest			(159,519)
Total lease obligations			723,417
Less: Current obligations under leases			(99,157)
Long-term lease obligations		$	624,260

(1)

Lease obligations exclude $35.9 million of minimum lease payments for leases signed but not commenced.

The following table summarizes other information related to the Company’s operating leases as of and for the respective periods:


		Twenty-six weeks ended
		August 1,			August 2,
		2026			2025

		(dollars in thousands)
Cash paid for operating leases		$	86,801		$	68,299
Operating lease cost			73,451			66,184
Variable lease cost			11,704			9,731
Non-cash right-of-use assets obtained in exchange for lease obligations			52,805			101,390
Weighted-average remaining lease term			8.1 years			8.3 years
Weighted-average discount rate			4.6	%		4.5	%