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Segment reporting | 3 Months Ended
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May 02, 2025
Segment reporting |
Segment reporting |
8. | Segment reporting
​ The Company manages its business on the basis of one reportable operating segment. As of May 2, 2025, the Company’s retail store operations were primarily located within the United States, with nine retail stores in Mexico. Certain product sourcing and other operations are located outside the United States, which collectively are not material with regard to assets, results of operations or otherwise to the consolidated financial statements. The following net sales data is presented in accordance with accounting standards related to disclosures about segments of an enterprise. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 13 Weeks Ended | ​
​ | ​ | May 2, | ​ | May 3, | ​
(in thousands) |  | 2025 | ​ | 2024 |
Classes of similar products: | ​ | ​ | ​ |  | ​ | ​ | ​
Consumables | ​ | $ | 8,636,680 | ​ | $ | 8,210,850 | ​
Seasonal | ​ |  | 1,022,943 | ​ |  | 963,514 | ​
Home products | ​ |  | 507,176 | ​ |  | 478,791 | ​
Apparel | ​ |  | 269,180 | ​ |  | 260,866 | ​
Net sales | ​ | $ | 10,435,979 | ​ | $ | 9,914,021 | ​
​ The Company’s Chief Operating Decision maker (“CODM”) is the Chief Executive Officer. The measure of profit or loss utilized by the CODM in assessing segment performance and allocating resources is net income as presented on the Company’s Consolidated Statements of Income. The measure of segment assets is reported on the balance sheet as total consolidated assets. Net income is used to evaluate income generated from the use of segment assets which aids in the determination of the allocation of Company resources. Net income is also utilized to monitor budget versus actual results. The following is a reconciliation of segment revenue and significant segment expenses to net income, the measure of profit or loss: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 13 Weeks Ended | ​ | ​
​ | ​ | May 2, | ​ | May 3, | ​ | ​
(in thousands) |  | 2025 | ​ | 2024 | ​ |
Net sales | ​ | $ | 10,435,979 |  | $ | 9,914,021 | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shrink included in cost of goods sold | ​ |  | 176,103 | ​ |  | 227,403 | ​ | ​
Cost of goods sold, excluding shrink(b) | ​ |  | 7,028,588 | ​ |  | 6,694,469 | ​ | ​
Interest expense, net | ​ | ​ | 64,604 | ​ | ​ | 72,433 | ​ | ​
Income tax expense | ​ | ​ | 119,581 | ​ | ​ | 110,354 | ​ | ​
Other segment items (a)(b) | ​ |  | 2,655,175 | ​ |  | 2,446,045 | ​ | ​
Consolidated net income | ​ | $ | 391,928 | ​ | $ | 363,317 | ​ | ​
​ (a) Other segment items include all remaining SG&A expenses and other (income) expense as disclosed in the Consolidated Statements of Income which were not deemed individually significant for disclosure. These expense items include rent expense as disclosed in Note 4. (b) Depreciation and amortization expense included in Cost of goods sold and SG&A expenses was approximately $252.8 million and $232.3 million for the 13-week periods ended May 2, 2025 and May 3, 2024, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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