Business Segments

Schedule of segment reporting information, by segment


	Three Months Ended August 1, 2026									Three Months Ended August 2, 2025
(in thousands of dollars)	Retail Operations			Construction			Consolidated			Retail Operations			Construction			Consolidated
Net sales from customers	$	1,455,011		$	56,051		$	1,511,062		$	1,446,843		$	74,073		$	1,520,916
Elimination of intersegment revenues		-			(3,500)			(3,500)			-			(7,086)			(7,086)
Net sales from external customers		1,455,011			52,551			1,507,562			1,446,843			66,987			1,513,830

Reconciliation of revenue
Service charges and other income		22,827			45			22,872			22,140			33			22,173
Total net sales and service charges and other income		1,477,838			52,596			1,530,434			1,468,983			67,020			1,536,003

Less: ^(a)
Cost of sales		859,430			49,918			909,348			895,918			63,388			959,306
Payroll expense ^(b)		278,525			1,712			280,237			268,311			1,857			270,168
Depreciation and amortization		44,295			66			44,361			44,577			82			44,659
Rentals		3,751			67			3,818			4,496			55			4,551
Interest and investment income		(12,654)			(111)			(12,765)			(11,298)			(233)			(11,531)
Interest and debt expense		9,990			-			9,990			10,074			-			10,074
Gain on litigation settlement		-			-			-			-			-			-
Other segment items ^(c)		167,477			829			168,306			163,647			544			164,191
Income before income taxes and equity in earnings of joint ventures	$	127,024		$	115			127,139		$	93,258		$	1,327			94,585
Income taxes								29,760									21,750
Equity in earnings of joint ventures								308									-
Net income							$	97,687								$	72,835

Gross margin ^(d)	$	595,581		$	2,633		$	598,214		$	550,925		$	3,599		$	554,524
Gross margin percentage		40.9	%		5.0	%		39.7	%		38.1	%		5.4	%		36.6	%

Total assets	$	3,693,404		$	56,470		$	3,749,874		$	3,608,508		$	75,965		$	3,684,473
Capital expenditures	$	22,261		$	14		$	22,275		$	26,641		$	33		$	26,674

(a)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(b)	Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories.

(c)	Other segment items for each reportable segment includes:

●All selling, general and administrative expenses other than payroll expense

●Other expense

●Gain on disposal of assets

(d)	The calculation of gross margin is net sales from external customers less cost of sales.


	Six Months Ended August 1, 2026									Six Months Ended August 2, 2025
(in thousands of dollars)	Retail Operations			Construction			Consolidated			Retail Operations			Construction			Consolidated
Net sales from customers	$	2,973,176		$	110,763		$	3,083,939		$	2,914,780		$	141,362		$	3,056,142
Elimination of intersegment revenues		-			(7,950)			(7,950)			-			(13,449)			(13,449)
Net sales from external customers		2,973,176			102,813			3,075,989			2,914,780			127,913			3,042,693

Reconciliation of revenue
Service charges and other income		43,002			64			43,066			40,222			59			40,281
Total net sales and service charges and other income		3,016,178			102,877			3,119,055			2,955,002			127,972			3,082,974

Less: ^(a)
Cost of sales		1,682,715			97,001			1,779,716			1,695,590			121,407			1,816,997
Payroll expense ^(b)		553,037			3,552			556,589			531,672			3,436			535,108
Depreciation and amortization		87,508			131			87,639			88,990			154			89,144
Rentals		7,572			135			7,707			9,035			112			9,147
Interest and investment income		(23,629)			(331)			(23,960)			(22,248)			(443)			(22,691)
Interest and debt expense		20,486			-			20,486			20,412			-			20,412
Gain on litigation settlement		(104,081)			-			(104,081)			-			-			-
Other segment items ^(c)		339,239			1,546			340,785			325,435			1,140			326,575
Income before income taxes and equity in earnings of joint ventures	$	453,331		$	843			454,174		$	306,116		$	2,166			308,282
Income taxes								106,540									71,630
Equity in earnings of joint ventures								606									-
Net income							$	348,240								$	236,652

Gross margin ^(d)	$	1,290,461		$	5,812		$	1,296,273		$	1,219,190		$	6,506		$	1,225,696
Gross margin percentage		43.4	%		5.7	%		42.1	%		41.8	%		5.1	%		40.3	%

Total assets	$	3,693,404		$	56,470		$	3,749,874		$	3,608,508		$	75,965		$	3,684,473
Capital expenditures	$	39,348		$	135		$	39,483		$	43,461		$	66		$	43,527

(a)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(b)	Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories.

(c)	Other segment items for each reportable segment includes:

●

All selling, general and administrative expenses other than payroll expense

●

Other expense

●

Gain on disposal of assets

(d)	The calculation of gross margin is net sales from external customers less cost of sales.

Schedule of accounts receivable, contract assets and liabilities - Construction


Construction
	August 1,		January 31,		August 2,		February 1,
(in thousands of dollars)	2026		2026		2025		2025
Accounts receivable	$	37,845	$	30,598	$	45,130	$	46,646
Costs and estimated earnings in excess of billings on uncompleted contracts		2,432		2,018		1,713		3,913
Billings in excess of costs and estimated earnings on uncompleted contracts		10,473		4,493		10,753		6,983