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Income Taxes
9 Months Ended
Nov. 01, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The effective income tax rate was 30.0 percent for the 13 weeks ended November 1, 2025, compared with 24.1 percent for the 13 weeks ended November 2, 2024. The increase in the effective tax rate is primarily due to the cumulative impact of a change in the Company’s estimated annual effective tax rate and changes in the amount and mix of jurisdictional earnings.
The effective income tax rate was 28.0 percent for the 39 weeks ended November 1, 2025, compared with 26.2 percent for the 39 weeks ended November 2, 2024. The increase in the effective tax rate is primarily due to changes in the amount and mix of jurisdictional earnings and less favorable impacts of stock-based compensation, partially offset by prior year increases to certain income tax reserves.
On July 4, 2025, the One Big Beautiful Bill Act of 2025 (the “OBBBA”) was enacted in the United States. The Company included the impact of the OBBBA tax legislation in the second quarter of fiscal 2025, the period of enactment, and the impact was not material to the Condensed Consolidated Financial Statements.