Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.24.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Consolidated Statements of Income      
Net sales $ 11,207,303 $ 10,208,580 $ 8,630,889
Cost of sales 6,826,203 6,164,070 5,262,335
Gross profit 4,381,100 4,044,510 3,368,554
Selling, general and administrative expenses 2,694,561 2,395,299 2,061,545
Pre-opening expenses 8,510 10,601 9,517
Operating income 1,678,029 1,638,610 1,297,492
Interest (income) expense, net (17,622) (4,934) 1,663
Income before income taxes 1,695,651 1,643,544 1,295,829
Income tax expense 404,646 401,136 309,992
Net income $ 1,291,005 $ 1,242,408 $ 985,837
Net income per common share:      
Basic $ 26.18 $ 24.17 $ 18.09
Diluted $ 26.03 $ 24.01 $ 17.98
Weighted average common shares outstanding:      
Basic 49,304 51,403 54,482
Diluted 49,596 51,738 54,841