Burlington Stores (BURL) 10-Q 30 May 24 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	May 04, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 04, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Trading Symbol	BURL
Entity Registrant Name	BURLINGTON STORES, INC.
Entity Central Index Key	0001579298
Current Fiscal Year End Date	--02-01
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	63,826,021
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-36107
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0895227
Entity Address, Address Line One	2006 Route 130 North
Entity Address, City or Town	Burlington
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08016
City Area Code	609
Local Phone Number	387-7800
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common stock
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
REVENUES:
Net sales	$ 2,357,318	$ 2,132,793
Type of Revenue [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember
Other revenue	$ 4,235	$ 4,163
Total revenue	2,361,553	2,136,956
COSTS AND EXPENSES:
Cost of sales	1,330,726	1,231,646
Selling, general and administrative expenses	825,226	755,628
Depreciation and amortization	81,965	70,529
Impairment charges - long-lived assets	8,210	844
Other income - net	(10,862)	(8,998)
Loss on extinguishment of debt		24,644
Interest expense	16,649	19,345
Total costs and expenses	2,251,914	2,093,638
Income before income tax expense	109,639	43,318
Income tax expense	31,125	10,570
Net income	$ 78,514	$ 32,748
Net income per common stock - basic	$ 1.23	$ 0.5
Net income per common stock - diluted	$ 1.22	$ 0.5
Weighted average number of common stock - basic	63,871	64,954
Weighted average number of common stock - diluted	64,267	65,291

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 78,514	$ 32,748
Interest rate derivative contracts:
Net unrealized gain arising during the period	7,735	947
Net reclassification into earnings during the period	(3,343)	(827)
Other comprehensive income, net of tax	4,392	120
Total comprehensive income	$ 82,906	$ 32,868

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Current assets:
Cash and cash equivalents	$ 742,332	$ 925,359	$ 532,443
Restricted cash and cash equivalents			6,582
Accounts receivable—net	100,654	74,361	78,477
Merchandise inventories	1,140,800	1,087,841	1,231,092
Assets held for disposal	27,963	23,299	5,120
Prepaid and other current assets	226,378	216,164	136,751
Total current assets	2,238,127	2,327,024	1,990,465
Property and equipment—net	1,934,547	1,880,325	1,678,461
Operating lease assets	3,149,161	3,132,768	2,968,247
Tradenames	238,000	238,000	238,000
Goodwill	47,064	47,064	47,064
Deferred tax assets	2,313	2,436	3,079
Other assets	86,040	79,223	78,563
Total assets	7,695,252	7,706,840	7,003,879
Current liabilities:
Accounts payable	929,759	956,350	829,212
Current operating lease liabilities	395,948	411,395	402,622
Other current liabilities	602,973	647,338	472,926
Current maturities of long term debt	168,642	13,703	13,753
Total current liabilities	2,097,322	2,028,786	1,718,513
Long term debt	1,236,658	1,394,942	1,350,416
Long term operating lease liabilities	3,016,027	2,984,794	2,842,785
Other liabilities	73,210	73,793	70,082
Deferred tax liabilities	240,609	227,593	220,609
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.0001 par value: authorized: 50,000,000 shares; no shares issued and outstanding
Common stock, $0.0001 par value:Authorized: 500,000,000 shares Issued: 82,636,872 shares, 82,399,577 shares and 82,157,501 shares, respectively Outstanding: 63,826,021 shares, 63,964,371 shares and 64,884,349 shares, respectively	8	8	8
Additional paid-in-capital	2,145,935	2,118,356	2,043,111
Accumulated earnings	1,062,578	984,064	677,163
Accumulated other comprehensive income	37,925	33,533	28,868
Treasury stock, at cost	(2,215,020)	(2,139,029)	(1,947,676)
Total stockholders' equity	1,031,426	996,932	801,474
Total liabilities and stockholders' equity	$ 7,695,252	$ 7,706,840	$ 7,003,879

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Statement of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Authorized	50,000,000	50,000,000	50,000,000
Preferred Stock, Issued	0	0	0
Preferred Stock, Outstanding	0	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Authorized	500,000,000	500,000,000	500,000,000
Common Stock, Shares Issued	82,636,872	82,399,577	82,157,501
Common Stock, Shares Outstanding	63,826,021	63,964,371	64,884,349

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		May 04, 2024	Apr. 29, 2023
OPERATING ACTIVITIES
Net income		$ 78,514	$ 32,748
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization		81,965	70,529
Impairment charges—long-lived assets		8,210	844
Amortization of deferred financing costs		755	855
Accretion of long term debt instruments		233	236
Deferred income taxes		11,520	14,699
Loss on extinguishment of debt			24,644
Non-cash stock compensation expense	[1]	19,107	16,722
Non-cash lease expense		(3,885)	(970)
Cash received from landlord allowances		2,830	4,349
Changes in assets and liabilities:
Accounts receivable		(26,397)	(7,418)
Merchandise inventories		(52,958)	(49,110)
Prepaid and other current assets		(10,215)	(5,060)
Accounts payable		(25,211)	(125,241)
Other current liabilities		(30,846)	(53,943)
Other long term assets and long term liabilities		(631)	723
Other operating activities		(3,619)	(2,559)
Net cash provided by (used in) operating activities		49,372	(77,952)
INVESTING ACTIVITIES
Cash paid for property and equipment		(164,837)	(95,688)
Lease acquisition costs		(233)	(4,549)
Net (removal costs) proceeds from sale of property and equipment and assets held for sale		(462)	14,080
Net cash used in investing activities		(165,532)	(86,157)
FINANCING ACTIVITIES
Principal payment on long term debt- 2025 Convertible Notes			(133,656)
Purchase of treasury shares		(75,622)	(53,393)
Proceeds from stock option exercises		8,473	10,764
Other financing activities		2,686	2,618
Net cash used in financing activities		(66,867)	(176,071)
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents		(183,027)	(340,180)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period		925,359	879,205
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period		742,332	539,025
Supplemental disclosure of cash flow information:
Interest paid		19,985	27,066
Income tax payments - net		1,380	1,539
Non-cash investing and financing activities:
Finance lease modification		(868)
Accrued purchases of property and equipment		95,262	49,628
Senior Secured Term B-6 Loans
FINANCING ACTIVITIES
Principal payments on long term debt		$ (2,404)	$ (2,404)
[1] The amounts presented in the table above exclude taxes. For the three month period ended May 4, 2024 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.6 million. For the three month period ended April 29, 2023 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.2 million.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 78,514	$ 32,748

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	May 04, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 27, 2024 , Jennifer Vecchio , the Company’s Group President and Chief Merchandising Officer , adopted a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 5,923 shares of the Company’s common stock, subject to certain conditions. The plan’s expiration date is June 30, 2025 . During the three-month period ended May 4, 2024, other than the trading arrangement noted above, no director or officer of the Company adopted , modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.
Jennifer Vecchio
Trading Arrangements, by Individual
Name	Jennifer Vecchio
Title	Group President and Chief Merchandising Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 27, 2024
Aggregate Available	5,923
Trd Arr Expiration Date	June 30, 2025
Other Director Or Officer
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	May 04, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation As of May 4, 2024, Burlington Stores, Inc., a Delaware corporation (collectively with its subsidiaries, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), operated 1,021 retail stores. These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2024 (Fiscal 2023 10-K). The balance sheet at February 3, 2024 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2023 10-K. Because the Company’s business is seasonal in nature, the operating results for the three month period ended May 4, 2024 are not necessarily indicative of results for the fiscal year. Accounting policies followed by the Company are described in Note 1, “Summary of Significant Accounting Policies,” included in Part II, Item 8 of the Fiscal 2023 10-K. Fiscal Year The Company defines its fiscal year as the 52 or 53-week period ending on the Saturday closest to January 31. Fiscal 2024 is defined as the 52-week year ending February 1, 2025, and Fiscal 2023 is defined as the 53-week year ended February 3, 2024. The first quarters of Fiscal 2024 and Fiscal 2023 each consist of 13 weeks. Recently Adopted Accounting Standards There were no new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements and notes thereto during the three month period ended May 4, 2024. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topics 740): Improvements to Income Tax Disclosures" to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. We are currently determining the impact that ASU 2023-09 will have on the Company's consolidated financial statement disclosures.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	May 04, 2024
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	2. Stockholders’ Equity Activity for the three month periods ended May 4, 2024 and April 29, 2023 in the Company’s stockholders’ equity is summarized below: (in thousands, except share data) Common Stock Additional Accumulated Accumulated Treasury Stock Shares Amount Capital Earnings Income Shares Amount Total Balance at February 3, 2024 82,399,577 $ 8 $ 2,118,356 $ 984,064 $ 33,533 ( 18,435,206 ) $ ( 2,139,029 ) $ 996,932 Net income — — — 78,514 — — — 78,514 Stock options exercised 55,688 — 8,472 — — — — 8,472 Shares used for tax withholding — — — — — ( 63,407 ) ( 12,222 ) ( 12,222 ) Shares purchased as part of publicly announced program, inclusive of $ 0.4 million related to excise tax — — — — — ( 312,238 ) ( 63,769 ) ( 63,769 ) Vesting of restricted shares 181,607 — — — — — — — Stock based compensation — — 19,107 — — — — 19,107 Unrealized gains on interest rate derivative contracts, net of related taxes of $ 2.8 million — — — — 7,735 — — 7,735 Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes of $ 1.2 million — — — — ( 3,343 ) — — ( 3,343 ) Balance at May 4, 2024 82,636,872 $ 8 $ 2,145,935 $ 1,062,578 $ 37,925 ( 18,810,851 ) $ ( 2,215,020 ) $ 1,031,426 (in thousands, except share data) Common Stock Additional Accumulated (Deficit) Accumulated Treasury Stock Shares Amount Capital Earnings (Loss) Income Shares Amount Total Balance at January 28, 2023 82,037,994 $ 8 $ 2,015,625 $ 644,415 $ 28,748 ( 17,018,281 ) $ ( 1,893,891 ) $ 794,905 Net income — — — 32,748 — — — 32,748 Stock options exercised 90,971 — 10,764 — — — — 10,764 Shares used for tax withholding — — — — — ( 9,457 ) ( 1,962 ) ( 1,962 ) Shares purchased as part of publicly announced program, inclusive of $ 0.4 million related to excise tax — — — — — ( 245,414 ) ( 51,823 ) ( 51,823 ) Vesting of restricted shares 28,536 — — — — — — — Stock based compensation — — 16,722 — — — — 16,722 Unrealized gains on interest rate derivative contracts, net of related taxes of $ 0.3 million — — — — 947 — — 947 Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes of $ 0.3 million — — — — ( 827 ) — — ( 827 ) Balance at April 29, 2023 82,157,501 $ 8 $ 2,043,111 $ 677,163 $ 28,868 ( 17,273,152 ) $ ( 1,947,676 ) $ 801,474

Lease Commitments

Lease Commitments	3 Months Ended
	May 04, 2024
Leases [Abstract]
Lease Commitments	3. Lease Commitments The Company’s leases primarily consist of stores, distribution facilities and office space under operating and finance leases that will expire principally during the next 30 years. The leases typically include renewal options at five-year intervals and escalation clauses. Lease renewals are only included in the lease liability to the extent that they are reasonably assured of being exercised. The Company’s leases typically provide for contingent rentals based on a percentage of gross sales. Contingent rentals are not included in the lease liability, but are recognized as variable lease cost when incurred. The following is a schedule of the Company’s future lease payments: (in thousands) Fiscal Year Operating Finance 2024 (remainder) $ 422,929 $ 3,535 2025 615,594 3,526 2026 576,614 3,640 2027 535,608 3,640 2028 487,650 3,447 Thereafter 1,662,700 20,787 Total future minimum lease payments 4,301,095 38,575 Amount representing interest ( 889,120 ) ( 11,258 ) Total lease liabilities 3,411,975 27,317 Less: current portion of lease liabilities ( 395,948 ) ( 2,873 ) Total long term lease liabilities $ 3,016,027 $ 24,444 Weighted average discount rate 5.8 % 5.6 % Weighted average remaining lease term (years) 7.9 12.1 The above schedule excludes approximately $ 667.5 million for 84 stores and one warehouse that the Company has committed to open or relocate but has not yet taken possession of the space. The discount rates used in valuing the Company’s leases are not readily determinable, and are based on the Company’s incremental borrowing rate on a fully collateralized basis. The Company has entered into a lease agreement for a new distribution center in Ellabell, GA, which is expected to commence in Spring 2025. The Company does not have control of the asset during construction, but it is involved in the design and construction of the distribution center. Additionally, the lease agreement has a purchase option, which can be exercised beginning after the earlier of (a) substantial completion of construction or (b) the date the Company commences business operations in the premises. The following is a schedule of net lease costs for the periods indicated: (in thousands) Three Months Ended May 4, 2024 April 29, 2023 Finance lease cost: Amortization of finance lease asset (a) $ 798 $ 877 Interest on lease liabilities (b) 383 495 Operating lease cost (c) 151,180 138,950 Variable lease cost (c) 60,957 54,071 Total lease cost 213,318 194,393 Impairment (gain) on sale and leaseback transaction (d) 8,210 ( 1,958 ) Less all rental income (e) ( 1,379 ) ( 1,398 ) Total net rent expense (f) $ 220,149 $ 191,037 (a) Included in the line item “Depreciation and amortization” in the Company’s Condensed Consolidated Statements of Income. (b) Included in the line item “Interest expense” in the Company’s Condensed Consolidated Statements of Income. (c) Includes real estate taxes, common area maintenance, insurance and percentage rent. Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. (d) Impairment included in the line item "Impairment charges - long-lived assets" and gain included in line item “Other income - net” in the Company’s Condensed Consolidated Statements of Income. (e) Included in the line item “Other revenue” in the Company’s Condensed Consolidated Statements of Income. (f) Excludes an immaterial amount of short-term lease cost. Supplemental cash flow disclosures related to leases are as follows: (in thousands) Three Months Ended May 4, 2024 April 29, 2023 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (a) $ 155,077 $ 139,950 Cash payments for the principal portion of finance lease liabilities (b) $ 884 $ 963 Cash payments for the interest portion of finance lease liabilities (a) $ 383 $ 495 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 183,529 $ 122,802 (a) Included within operating activities in the Company’s Condensed Consolidated Statements of Cash Flows. (b) Included within financing activities in the Company’s Condensed Consolidated Statements of Cash Flows.

Long Term Debt

Long Term Debt	3 Months Ended
	May 04, 2024
Debt Disclosure [Abstract]
Long Term Debt	4. Long Term Debt Long term debt consists of: (in thousands) May 4, February 3, April 29, 2024 2024 2023 Senior secured term loan facility (Term B-6 Loans), adjusted SOFR (with a floor of 0.00 %) plus 2.00 %, matures on June 24, 2028 $ 931,185 $ 933,355 $ 939,844 Convertible senior notes, 2.25 %, mature on April 15, 2025 156,155 156,155 397,375 Convertible senior notes, 1.25 %, mature on December 15, 2027 297,069 297,069 — ABL senior secured revolving facility, SOFR plus spread based on average outstanding balance, matures on December 22, 2026 — — — Finance lease obligations 27,317 29,069 32,484 Unamortized deferred financing costs ( 6,426 ) ( 7,003 ) ( 5,534 ) Total debt 1,405,300 1,408,645 1,364,169 Less: current maturities ( 168,642 ) ( 13,703 ) ( 13,753 ) Long term debt, net of current maturities $ 1,236,658 $ 1,394,942 $ 1,350,416 Term Loan Facility BCFWC and certain of its subsidiaries and holding companies are party to a Credit Agreement (as amended, supplemented and otherwise modified, the Term Loan Facility) that provides for term loans in an aggregate principal amount as of May 4, 2024 of $ 931.2 million maturing on June 24, 2028 . The Term Loan Facility is collateralized by a first lien on BCFWC’s and each guarantor’s equity interests, equipment, intellectual property, and certain favorable leases and real estate, and certain related assets and proceeds thereof (subject to certain exceptions), and a second lien on BCFWC’s and each guarantor’s other assets and proceeds thereof (subject to certain exceptions). On May 11, 2023, the Company amended the Term Loan Credit Agreement to, effective as of June 30, 2023, change one of the reference interest rates for borrowings under the Term Loan Facility from the Term Loan Adjusted LIBOR Rate to the Adjusted Term Secured Overnight Financing Rate (SOFR) Rate (as defined in the Term Loan Credit Agreement). The Adjusted Term SOFR Rate includes a credit spread adjustment of 0.11 % for an interest period of one-month’s duration, 0.26 % for an interest period of three-months’ duration and 0.43 % for an interest period of six-months’ duration, with a floor of 0.00 %. Interest rates for the Term Loan Facility are based on: (i) for SOFR loans, a rate per annum equal to the Adjusted Term SOFR Rate for the applicable interest period, plus a margin of 2.00 %; and (ii) for prime rate loans, a rate per annum equal to the highest of (a) the variable annual rate of interest then announced by JPMorgan Chase Bank, N.A. at its head office as its “prime rate,” (b) the federal reserve bank of New York rate in effect on such date plus 0.50 % per annum, and (c) the Adjusted Term SOFR Rate for the applicable class of term loans for one-month plus 1.00 %, plus, in each case, a margin of 1.00 %. At May 4, 2024 and April 29, 2023 , the interest rate related to the Term Loan Facility was 7.4 % and 7.0 %, respectively. 2025 Convertible Notes On April 16, 2020, the Company issued $ 805.0 million of its 2.25 % Convertible Senior Notes due 2025 (2025 Convertible Notes). The 2025 Convertible Notes are general unsecured obligations of the Company. The 2025 Convertible Notes bear interest at a rate of 2.25 % per year, payable semi-annually in cash, in arrears, on April 15 and October 15 of each year. The 2025 Convertible Notes will mature on April 15, 2025 , unless earlier converted, redeemed or repurchased. During the first quarter of Fiscal 2023, the Company entered into separate, privately negotiated exchange agreements with certain holders of the 2025 Convertible Notes. Under the terms of the exchange agreements, the holders exchanged $ 110.3 million in aggregate principal amount of 2025 Convertible Notes held by them for $ 133.3 million in cash. These exchanges resulted in aggregate pre-tax debt extinguishment charges of $ 24.6 million. Prior to the close of business on the business day immediately preceding January 15, 2025, the 2025 Convertible Notes will be convertible at the option of the holders only upon the occurrence of certain events and during certain periods. Thereafter, the 2025 Convertible Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The 2025 Convertible Notes have an initial conversion rate of 4.5418 shares per $ 1,000 principal amount of 2025 Convertible Notes (equivalent to an initial conversion price of approximately $ 220.18 per share of the Company’s common stock), subject to adjustment if certain events occur. The initial conversion price represents a conversion premium of approximately 32.50 % over $ 166.17 per share, the last reported sale price of the Company’s common stock on April 13, 2020 (the pricing date of the offering) on the New York Stock Exchange. During the first quarter of Fiscal 2021, the Company made an irrevocable settlement election for any conversions of the 2025 Convertible Notes. Upon conversion, the Company will pay cash for the principal amount. For any excess above principal, the Company will deliver shares of its common stock. The Company was not permitted to redeem the 2025 Convertible Notes prior to April 15, 2023. From and after April 15, 2023, the Company is able to redeem for cash all or any portion of the 2025 Convertible Notes, at its option, if the last reported sale price of the Company’s common stock is equal to or greater than 130 % of the conversion price for a specified period of time, at a redemption price equal to 100 % of the principal aggregate amount of the 2025 Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Holders of the 2025 Convertible Notes may require the Company to repurchase their 2025 Convertible Notes upon the occurrence of certain events that constitute a fundamental change under the indenture governing the 2025 Convertible Notes at a purchase price equal to 100 % of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the date of repurchase. In connection with certain corporate events or if the Company issues a notice of redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their 2025 Convertible Notes in connection with such corporate event or during the relevant redemption period for such 2025 Convertible Notes. The effective interest rate is 2.8 %. 2027 Convertible Notes On September 12, 2023, the Company closed the issuance of approximately $ 297.1 million aggregate principal amount of its 1.25 % Convertible Senior Notes due 2027 (2027 Convertible Notes) pursuant to separate, privately negotiated exchange and subscription agreements with a limited number of holders of its 2025 Convertible Notes and certain investors, in each case pursuant to exemptions from registration under the Securities Act of 1933. The Company exchanged approximately $ 241.2 million in aggregate principal amount of the 2025 Convertible Notes for approximately $ 255.0 million in aggregate principal amount of the 2027 Convertible Notes. This exchange resulted in aggregate pre-tax debt extinguishment charges of $ 13.6 million. The Company also issued approximately $ 42.1 million in aggregate principal amount of 2027 Convertible Notes in a private placement to certain investors. An aggregate of up to 1,422,568 shares of common stock may be issued upon conversion of the 2027 Convertible Notes, which number is subject to adjustment up to an aggregate of 1,911,372 shares following certain corporate events that occur prior to the maturity date or if the Company issues a notice of redemption, and which is also subject to certain anti-dilution adjustments. The 2027 Convertible Notes will bear interest at a rate of 1.25 % per year, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2023. The 2027 Convertible Notes will mature on December 15, 2027, unless earlier converted, redeemed or repurchased. Prior to the close of business on the business day immediately preceding September 15, 2027, the 2027 Convertible Notes will be convertible at the option of the holders only upon the occurrence of certain events and during certain periods. Thereafter, the 2027 Convertible Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The 2027 Convertible Notes have an initial conversion rate of 4.8560 shares per $ 1,000 principal amount of 2027 Convertible Notes (equivalent to an initial conversion price of approximately $ 205.93 per share of the Company’s common stock), subject to adjustment if certain events occur. The initial conversion price represents a conversion premium of approximately 32.50 % over $ 155.42 per share, the last reported sale price of the Company’s common stock on September 7, 2023 on The New York Stock Exchange. Upon conversion, the Company will pay cash up to the aggregate principal amount of 2027 Convertible Notes being converted, and pay (and deliver, if applicable) cash, shares of the Company’s common stock or a combination thereof, at its election, in respect of the remainder (if any) of the Company’s conversion obligation in excess of such aggregate principal amount. The Company will not be able to redeem the 2027 Convertible Notes prior to December 20, 2025. On or after December 20, 2025 and prior to the 21st scheduled trading day immediately preceding December 15, 2027, the Company will be able to redeem for cash all or any portion of the 2027 Convertible Notes, at its option, if the last reported sale price of the Company’s common stock is equal to or greater than 130 % of the conversion price for a specified period of time, at a redemption price equal to 100 % of the aggregate principal amount of the 2027 Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Company undergoes a fundamental change, subject to certain conditions, holders of the 2027 Convertible Notes may require the Company to repurchase for cash all or any portion of their 2027 New Convertible Notes. The fundamental change repurchase price will be 100 % of the aggregate principal amount of the 2027 Convertible Notes to be repurchased plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. The effective interest rate is 1.7 %. ABL Line of Credit BCFWC and certain of its subsidiaries and holding companies are party to a Second Amended and Restated Credit Agreement (as amended, supplemented and otherwise modified, the ABL Line of Credit) that provides for $ 900.0 million of revolving commitments (subject to a borrowing base limitation) maturing on December 22, 2026 , and, subject to the satisfaction of certain conditions, BCFWC can increase the aggregate amount of commitments up to $ 1,200 million. The interest rate margin applicable under the ABL Line of Credit in the case of loans drawn at the SOFR is 1.125 % to 1.375 % in the case of a daily SOFR rate or a term SOFR rate (in each case, plus a credit spread adjustment of 0.10 %), and 0.125 % to 0.375 % in the case of a prime rate, depending on the average daily availability of the lesser of (a) the total commitments or (b) the borrowing base. The ABL Line of Credit is collateralized by a first priority lien on BCFWC’s and each guarantor's inventory, receivables, bank accounts, and certain related assets and proceeds thereof (subject to certain exceptions), and a second priority lien on BCFWC’s and each guarantor's other assets and proceeds thereof (other than real estate and subject to certain exceptions). On June 26, 2023, BCFWC entered into a Fifth Amendment to the Second Amended and Restated Credit Agreement, which increased the sublimit for letters of credit thereunder from $ 150 million to $ 250 million. The letter of credit sublimit was automatically reduced to $ 237.5 million on April 1, 2024, and will automatically be reduced to (i) $ 225 million on July 1, 2024, (ii) $ 212.5 million on October 1, 2024, and (iii) $ 200 million on January 1, 2025. BCFWC and the agent may extend the foregoing dates under clauses (i) and (ii), as long as the sublimit is reduced to $ 200 million no later than January 1, 2025. At May 4, 2024 , the Company had $ 779.1 million available under the ABL Line of Credit. There were no borrowings under the ABL Line of Credit during the three month period ended May 4, 2024. At April 29, 2023 , the Company had $ 839.8 million available under the ABL Line of Credit. There were no borrowings under the ABL Line of Credit during the three month period ended April 29, 2023 .

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	May 04, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	5. Derivative Instruments and Hedging Activities The Company accounts for derivatives and hedging activities in accordance with ASC 815, “Derivatives and Hedging” (ASC 815). As required by ASC 815, the Company records all derivatives on the balance sheet at fair value and adjusts to market on a quarterly basis. In addition, to comply with the provisions of ASC 820, “Fair Value Measurements” (ASC 820), credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements such as collateral postings, thresholds, mutual puts, and guarantees. In accordance with ASC 820, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. There is no impact of netting, because the Company has only one derivative. The Company classifies its derivative valuations in Level 2 of the fair value hierarchy. On December 17, 2018, the Company entered into an interest rate swap, which hedged $ 450 million of the variable rate exposure under the Term Loan Facility at a rate of 2.72 %. On June 24, 2021, the Company terminated this previous interest rate swap, and entered into a new interest rate swap, which hedges $ 450 million of the variable rate exposure on the Term Loan Facility at a blended rate of 2.19 %, and is designated as a cash flow hedge. During the second quarter of Fiscal 2023, the Company amended its interest rate swap to be based on SOFR rather than LIBOR, which resulted in an updated swap rate of 2.16 %. This amendment was covered under the guidance in ASC 848 and did not impact the hedge accounting relationship. The amount of loss deferred for the previous interest rate swap was $ 26.9 million. The Company amortized this amount from accumulated other comprehensive income into interest expense over the original life of the previous interest rate swap, which had an original maturity date of December 29, 2023 . The new interest rate swap had a liability fair value at inception of $ 26.9 million. The Company will accrete this amount into accumulated other comprehensive income as a benefit to interest expense over the life of the new interest rate swap, which has a maturity date of June 24, 2028 . Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of May 4, 2024, the Company had the following outstanding interest rate derivative that was designated as a cash flow hedge of interest rate risk: Interest Rate Derivative Number of Notional Aggregate Principal Amount Interest Swap Rate Maturity Date Interest rate swap contract One $ 450.0 million 2.16 % June 24, 2028 Tabular Disclosure The table below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets: (in thousands) Fair Values of Derivative Instruments May 4, 2024 February 3, 2024 April 29, 2023 Derivatives Designated as Hedging Instruments Balance Fair Balance Fair Balance Fair Interest rate swap contracts Other assets $ 36,079 Other assets $ 29,075 Other assets $ 26,857 The following table presents the unrealized gains and losses deferred to accumulated other comprehensive income resulting from the Company’s derivative financial instruments for each of the reporting periods. (in thousands) Three Months Ended Interest Rate Derivatives: May 4, 2024 April 29, 2023 Unrealized gains, before taxes $ 10,573 $ 1,294 Income tax expense ( 2,838 ) ( 347 ) Unrealized gains, net of taxes $ 7,735 $ 947 The following table presents information about the reclassification of gains and losses from accumulated other comprehensive income into earnings related to the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Component of Earnings: May 4, 2024 April 29, 2023 Interest benefit $ ( 4,563 ) $ ( 1,129 ) Income tax expense 1,220 302 Net reclassification into earnings $ ( 3,343 ) $ ( 827 ) The Company estimates that approximately $ 16.5 million will be reclassified from accumulated other comprehensive income as a reduction to interest expense during the next twelve months.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 04, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements The Company accounts for fair value measurements in accordance with ASC 820, which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurements. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price), and classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices for identical assets or liabilities in active markets. Level 2: Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Pricing inputs that are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities. The inputs into the determination of fair value require significant management judgment or estimation. The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments. Refer to Note 5, “Derivative Instruments and Hedging Activities,” for further discussion regarding the fair value of the Company’s interest rate swap contract. Financial Assets The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of May 4, 2024, February 3, 2024 and April 29, 2023 are summarized below: (in thousands) Fair Value Measurements at May 4, February 3, April 29, 2024 2024 2023 Level 1 Cash equivalents (including restricted cash equivalents) $ 313,077 $ 657,292 $ 163,713 Long-lived assets are measured at fair value on a non-recurring basis for purposes of calculating impairment using the fair value hierarchy of ASC 820. The fair value of the Company’s long-lived assets is calculated using a discounted cash-flow model that used level 3 inputs. In calculating future cash flows, the Company makes estimates regarding future operating results and market rent rates, based on its experience and knowledge of market factors in which the retail location is located. Impairment charges on long-lived assets were $ 8.2 million during the first quarter of Fiscal 2024, related to a sale-leaseback transaction at one owned store sold below net carrying value. Impairment charges on long-lived assets were $ 0.6 million during the first quarter of Fiscal 2023, related to declines in revenue and operating results for seven stores, as well as lease asset impairment of $ 0.2 million related to two of those stores. During the three months ended May 4, 2024 and the three months ended April 29, 2023, the assets impaired had a remaining carrying value after impairments of $ 9.8 million and $ 70.9 million, respectively. Financial Liabilities The fair values of the Company’s financial liabilities are summarized below: (in thousands) May 4, 2024 February 3, 2024 April 29, 2023 Principal Fair Principal Fair Principal Fair Term B-6 Loans $ 934,976 $ 936,341 $ 937,379 $ 934,450 $ 944,590 $ 935,144 2025 Convertible Notes 156,155 164,273 156,155 169,384 397,375 448,016 2027 Convertible Notes 297,069 329,346 297,069 342,384 — — ABL Line of Credit (a) — — — — — — Total debt (b) $ 1,388,200 $ 1,429,960 $ 1,390,603 $ 1,446,218 $ 1,341,965 $ 1,383,160 (a) To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value, because the interest rate is variable and reflects current market rates, due to its short term nature. (b) The table above excludes finance lease obligations, debt discount and deferred debt costs. The fair values presented herein are based on pertinent information available to management as of the respective period end dates. The estimated fair values of the Company’s debt are classified as Level 2 in the fair value hierarchy, and are based on current market quotes received from inactive markets.

Income Taxes

Income Taxes	3 Months Ended
	May 04, 2024
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes Income tax expense was $ 31.1 million during the first quarter of Fiscal 2024 compared with $ 10.6 million during the first quarter of Fiscal 2023. The effective tax rate for the first quarter of Fiscal 2024 was 28.4 % compared with 24.4 % during the first quarter of Fiscal 2023. The increase in expense is primarily driven by an increase in pre-tax income while the increase in the effective tax rate is mainly attributable to higher tax expense from stock-based compensation. Net deferred taxes are as follows: (in thousands) May 4, February 3, April 29, 2024 2024 2023 Deferred tax asset $ 2,313 $ 2,436 $ 3,079 Deferred tax liability 240,609 227,593 220,609 Net deferred tax liability $ 238,296 $ 225,157 $ 217,530 Net deferred tax assets relate to Puerto Rico deferred balances that have a future net benefit for tax purposes. Net deferred tax liabilities primarily relate to intangible assets and depreciation expense where the Company has a future obligation for tax purposes. As of May 4, 2024 , the Company had a deferred tax asset related to net operating losses of $ 5.1 million, inclusive of $ 4.8 million related to state net operating losses that expire at various dates between 2025 and 2041 , as well as $ 0.3 million related to Puerto Rico net operating losses that will expire in 2025 . As of May 4, 2024 , the Company had a deferred tax asset related to tax credit carry-forwards of $ 9.2 million, inclusive of $ 8.9 million of state tax credit carry-forwards, which will begin to expire in 2025 , and $ 0.3 million of deferred tax assets recorded for Puerto Rico alternative minimum tax credits that have an indefinite life . As of May 4, 2024, February 3, 2024 and April 29, 2023 , valuation allowances amounted to $ 10.0 million, $ 11.4 million and $ 13.9 million, respectively, related to state and Puerto Rico net operating losses and state tax credit carry-forwards. The Company believes that it is more likely than not that this portion of state and Puerto Rico net operating losses and state tax credit carry-forwards will not be realized.

Capital Stock

Capital Stock	3 Months Ended
	May 04, 2024
Capital Stock [Abstract]
Capital Stock	8. Capital Stock Treasury Stock The Company accounts for treasury stock under the cost method. Shares Used to Satisfy Tax Withholding During the three month period ended May 4, 2024 , the Company acquired 63,407 shares of common stock from employees for approximately $ 12.2 million to satisfy their minimum statutory tax withholdings related to the vesting of restricted stock unit awards, which was recorded in the line item “Treasury stock, at cost” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. Share Repurchase Program On February 16, 2022, the Company's Board of Directors authorized the repurchase of up to $ 500 million of common stock, which expired in February 2024 . On August 15, 2023, the Company's Board of Directors authorized the repurchase of up to an additional $ 500 million of common stock, which is authorized to be executed through August 2025 . During the three month period ended May 4, 2024 , the Company repurchased 312,238 shares of common stock for $ 63.4 million under its repurchase program, which was recorded in the line item “Treasury stock, at cost” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. As of May 4, 2024, the Company had an aggregate of $ 441.7 million remaining under its share repurchase authorizations.

Net Income Per Share

Net Income Per Share	3 Months Ended
	May 04, 2024
Earnings Per Share [Abstract]
Net Income Per Share	9. Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method for the Company’s stock-based compensation grants and the if-converted method for the 2025 Convertible Notes and the 2027 Convertible Notes. The following table presents the computation of basic and diluted net income per share: (in thousands, except per share data) Three Months Ended May 4, April 29, 2024 2023 Basic net income per share Net income $ 78,514 $ 32,748 Weighted average number of common shares – basic 63,871 64,954 Net income per common share – basic $ 1.23 $ 0.50 Diluted net income per share Net income $ 78,514 $ 32,748 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 63,871 64,954 Assumed exercise of stock options and vesting of restricted stock 396 337 Assumed conversion of convertible debt — — Weighted average number of common shares – diluted 64,267 65,291 Net income per common share – diluted $ 1.22 $ 0.50 Approximately 771,000 shares of the Company’s stock-based compensation grants were excluded from diluted net income per share for the three month period ended May 4, 2024, since their effect was anti-dilutive. Approximately 540,000 shares related to the Company’s stock-based compensation grants were excluded from diluted net income per share for the three month period ended April 29, 2023, since their effect was anti-dilutive. During the three months ended May 4, 2024 , shares of common stock issuable upon conversion of the 2025 Convertible Notes and 2027 Convertible Notes have been excluded from the computation of diluted earnings per share as the effect would be anti-dilutive, since the conversion prices of $ 220.18 and $ 205.93 , respectively, exceeded the average market price of the Company’s common stock during the periods.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	May 04, 2024
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	10. Stock Based Compensation As of May 4, 2024 , there were 3,915,644 shares of common stock available for issuance under the Company’s 2022 Omnibus Incentive Plan. Non-cash stock compensation expense is as follows: (in thousands) Three Months Ended May 4, April 29, Type of Non-Cash Stock Compensation 2024 2023 Restricted stock unit grants (a) $ 9,948 $ 9,365 Stock option grants (a) 4,567 4,203 Performance stock unit grants (a) 4,592 3,154 Total (b) $ 19,107 $ 16,722 (a) Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. (b) The amounts presented in the table above exclude taxes. For the three month period ended May 4, 2024 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.6 million. For the three month period ended April 29, 2023 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.2 million. Stock Options Stock option transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Options outstanding, February 3, 2024 1,356,258 $ 197.90 Options granted 361,395 178.02 Options exercised (a) ( 55,688 ) 152.14 Options forfeited ( 17,428 ) 226.78 Options outstanding, May 4, 2024 1,644,537 $ 194.77 (a) Options exercised during the three month period ended May 4, 2024 had a total intrinsic value of $ 3.8 million . The following table summarizes information about the stock options vested and expected to vest during the contractual term of such options as of May 4, 2024: Options Weighted Weighted Aggregate Options vested and expected to vest 1,644,537 7.7 $ 194.77 $ 14.7 Options exercisable 827,047 6.2 $ 199.18 $ 9.8 The fair value of each stock option granted during the three month period ended May 4, 2024 was estimated using the Black Scholes option pricing model using the following assumptions on a weighted average basis: Three Months Ended May 4, 2024 Risk-free interest rate 4.69 % Expected volatility 42 % Expected life (years) 4.03 Contractual life (years) 10.0 Expected dividend yield 0 % Grant date fair value of options issued $ 69.72 The expected dividend yield was based on the Company’s expectation of not paying dividends in the near term. To evaluate its volatility factor, the Company uses the historical volatility of its stock price over the expected life of the options. The risk free interest rate was based on the U.S. Treasury rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the awards being valued. The expected life of the options was estimated using historical exercise rates. Restricted Stock Restricted stock transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Non-vested awards outstanding, February 3, 2024 570,952 $ 204.97 Awards granted 279,097 178.74 Awards vested (a) ( 137,072 ) 230.33 Awards forfeited ( 10,316 ) 200.79 Non-vested awards outstanding, May 4, 2024 702,661 189.67 (a) Restricted stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 24.9 million . The fair value of each share of restricted stock granted during the three month period ended May 4, 2024 was based upon the closing price of the Company’s common stock on the grant date. Performance Stock Units The Company grants performance-based restricted stock units to its senior executives. Vesting of the performance stock units granted in Fiscal 2021 was based on continued service and the achievement of pre-established adjusted EBIT margin expansion and sales compounded annual growth rate (CAGR) goals (each weighted equally) over a three-year performance period. Vesting of the performance stock units granted in Fiscal 2022, Fiscal 2023, and Fiscal 2024 are based on continued service and the achievement of specified pre-established adjusted net income per share growth over a three-year performance period, as applicable for each grant. Based on the Company’s achievement of these goals, each award may be earned up to 200 % of the target award. In the event that actual performance is below threshold, no award will be made. Compensation costs recognized on the performance stock units are adjusted, as applicable, for performance above or below the target specified in the award. Performance stock unit transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Non-vested awards outstanding, February 3, 2024 226,917 $ 217.29 Awards granted 122,691 184.29 Awards vested (a) ( 44,535 ) 319.32 Awards forfeited ( 3,612 ) 272.42 Non-vested awards outstanding, May 4, 2024 301,461 188.13 (a) Performance-based stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 10.1 million.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 04, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal In the course of business, the Company is party to class or collective actions alleging violations of federal and state wage and hour and other labor statutes, representative claims under the California Private Attorneys’ General Act and various other lawsuits and regulatory proceedings from time to time including, among others, commercial, product, employee, customer, intellectual property and other claims. Actions against us are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. While no assurance can be given as to the ultimate outcome of these matters, the Company believes that the final resolution of these actions will not have a material adverse effect on the Company’s results of operations, financial position, liquidity or capital resources. Letters of Credit The Company had letters of credit arrangements with various banks in the aggregate amount of $ 77.3 million, $ 75.8 million and $ 53.2 million as of May 4, 2024, February 3, 2024 and April 29, 2023, respectively. Among these arrangements, as of May 4, 2024, February 3, 2024 and April 29, 2023 , the Company had letters of credit outstanding in the amount of $ 77.3 million, $ 75.8 million and $ 51.5 million, respectively, guaranteeing performance under various lease agreements, insurance contracts, and utility agreements. In addition, the Company had outstanding letters of credit arrangements in the amount of $ 1.7 million at April 29, 2023 related to certain merchandising agreements, and none at May 4, 2024 and February 3, 2024. Based on the terms of the agreement governing the ABL Line of Credit, the Company had the ability to enter into letters of credit up to $ 160.2 million, $ 174.2 million and $ 96.8 million as of May 4, 2024, February 3, 2024 and April 29, 2023, respectively. Purchase Commitments The Company had $ 1,685.0 million of purchase commitments related to goods that were not received as of May 4, 2024.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	May 04, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As of May 4, 2024, Burlington Stores, Inc., a Delaware corporation (collectively with its subsidiaries, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), operated 1,021 retail stores. These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2024 (Fiscal 2023 10-K). The balance sheet at February 3, 2024 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2023 10-K. Because the Company’s business is seasonal in nature, the operating results for the three month period ended May 4, 2024 are not necessarily indicative of results for the fiscal year. Accounting policies followed by the Company are described in Note 1, “Summary of Significant Accounting Policies,” included in Part II, Item 8 of the Fiscal 2023 10-K.
Fiscal Year	Fiscal Year The Company defines its fiscal year as the 52 or 53-week period ending on the Saturday closest to January 31. Fiscal 2024 is defined as the 52-week year ending February 1, 2025, and Fiscal 2023 is defined as the 53-week year ended February 3, 2024. The first quarters of Fiscal 2024 and Fiscal 2023 each consist of 13 weeks.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards There were no new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements and notes thereto during the three month period ended May 4, 2024. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topics 740): Improvements to Income Tax Disclosures" to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. We are currently determining the impact that ASU 2023-09 will have on the Company's consolidated financial statement disclosures.

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
	May 04, 2024
Stockholders' Equity Note [Abstract]
Company's Stockholders Equity	Activity for the three month periods ended May 4, 2024 and April 29, 2023 in the Company’s stockholders’ equity is summarized below: (in thousands, except share data) Common Stock Additional Accumulated Accumulated Treasury Stock Shares Amount Capital Earnings Income Shares Amount Total Balance at February 3, 2024 82,399,577 $ 8 $ 2,118,356 $ 984,064 $ 33,533 ( 18,435,206 ) $ ( 2,139,029 ) $ 996,932 Net income — — — 78,514 — — — 78,514 Stock options exercised 55,688 — 8,472 — — — — 8,472 Shares used for tax withholding — — — — — ( 63,407 ) ( 12,222 ) ( 12,222 ) Shares purchased as part of publicly announced program, inclusive of $ 0.4 million related to excise tax — — — — — ( 312,238 ) ( 63,769 ) ( 63,769 ) Vesting of restricted shares 181,607 — — — — — — — Stock based compensation — — 19,107 — — — — 19,107 Unrealized gains on interest rate derivative contracts, net of related taxes of $ 2.8 million — — — — 7,735 — — 7,735 Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes of $ 1.2 million — — — — ( 3,343 ) — — ( 3,343 ) Balance at May 4, 2024 82,636,872 $ 8 $ 2,145,935 $ 1,062,578 $ 37,925 ( 18,810,851 ) $ ( 2,215,020 ) $ 1,031,426 (in thousands, except share data) Common Stock Additional Accumulated (Deficit) Accumulated Treasury Stock Shares Amount Capital Earnings (Loss) Income Shares Amount Total Balance at January 28, 2023 82,037,994 $ 8 $ 2,015,625 $ 644,415 $ 28,748 ( 17,018,281 ) $ ( 1,893,891 ) $ 794,905 Net income — — — 32,748 — — — 32,748 Stock options exercised 90,971 — 10,764 — — — — 10,764 Shares used for tax withholding — — — — — ( 9,457 ) ( 1,962 ) ( 1,962 ) Shares purchased as part of publicly announced program, inclusive of $ 0.4 million related to excise tax — — — — — ( 245,414 ) ( 51,823 ) ( 51,823 ) Vesting of restricted shares 28,536 — — — — — — — Stock based compensation — — 16,722 — — — — 16,722 Unrealized gains on interest rate derivative contracts, net of related taxes of $ 0.3 million — — — — 947 — — 947 Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes of $ 0.3 million — — — — ( 827 ) — — ( 827 ) Balance at April 29, 2023 82,157,501 $ 8 $ 2,043,111 $ 677,163 $ 28,868 ( 17,273,152 ) $ ( 1,947,676 ) $ 801,474

Lease Commitments (Tables)

Lease Commitments (Tables)	3 Months Ended
	May 04, 2024
Leases [Abstract]
Future Lease Payments	The following is a schedule of the Company’s future lease payments: (in thousands) Fiscal Year Operating Finance 2024 (remainder) $ 422,929 $ 3,535 2025 615,594 3,526 2026 576,614 3,640 2027 535,608 3,640 2028 487,650 3,447 Thereafter 1,662,700 20,787 Total future minimum lease payments 4,301,095 38,575 Amount representing interest ( 889,120 ) ( 11,258 ) Total lease liabilities 3,411,975 27,317 Less: current portion of lease liabilities ( 395,948 ) ( 2,873 ) Total long term lease liabilities $ 3,016,027 $ 24,444 Weighted average discount rate 5.8 % 5.6 % Weighted average remaining lease term (years) 7.9 12.1
Schedule of Net Lease Costs	The following is a schedule of net lease costs for the periods indicated: (in thousands) Three Months Ended May 4, 2024 April 29, 2023 Finance lease cost: Amortization of finance lease asset (a) $ 798 $ 877 Interest on lease liabilities (b) 383 495 Operating lease cost (c) 151,180 138,950 Variable lease cost (c) 60,957 54,071 Total lease cost 213,318 194,393 Impairment (gain) on sale and leaseback transaction (d) 8,210 ( 1,958 ) Less all rental income (e) ( 1,379 ) ( 1,398 ) Total net rent expense (f) $ 220,149 $ 191,037 (a) Included in the line item “Depreciation and amortization” in the Company’s Condensed Consolidated Statements of Income. (b) Included in the line item “Interest expense” in the Company’s Condensed Consolidated Statements of Income. (c) Includes real estate taxes, common area maintenance, insurance and percentage rent. Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. (d) Impairment included in the line item "Impairment charges - long-lived assets" and gain included in line item “Other income - net” in the Company’s Condensed Consolidated Statements of Income. (e) Included in the line item “Other revenue” in the Company’s Condensed Consolidated Statements of Income. (f) Excludes an immaterial amount of short-term lease cost.
Schedule of Supplemental Cash Flow Disclosures Related to Leases	Supplemental cash flow disclosures related to leases are as follows: (in thousands) Three Months Ended May 4, 2024 April 29, 2023 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (a) $ 155,077 $ 139,950 Cash payments for the principal portion of finance lease liabilities (b) $ 884 $ 963 Cash payments for the interest portion of finance lease liabilities (a) $ 383 $ 495 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 183,529 $ 122,802 (a) Included within operating activities in the Company’s Condensed Consolidated Statements of Cash Flows. (b) Included within financing activities in the Company’s Condensed Consolidated Statements of Cash Flows.

Long Term Debt (Tables)

Long Term Debt (Tables)	3 Months Ended
	May 04, 2024
Debt Disclosure [Abstract]
Long Term Debt	Long term debt consists of: (in thousands) May 4, February 3, April 29, 2024 2024 2023 Senior secured term loan facility (Term B-6 Loans), adjusted SOFR (with a floor of 0.00 %) plus 2.00 %, matures on June 24, 2028 $ 931,185 $ 933,355 $ 939,844 Convertible senior notes, 2.25 %, mature on April 15, 2025 156,155 156,155 397,375 Convertible senior notes, 1.25 %, mature on December 15, 2027 297,069 297,069 — ABL senior secured revolving facility, SOFR plus spread based on average outstanding balance, matures on December 22, 2026 — — — Finance lease obligations 27,317 29,069 32,484 Unamortized deferred financing costs ( 6,426 ) ( 7,003 ) ( 5,534 ) Total debt 1,405,300 1,408,645 1,364,169 Less: current maturities ( 168,642 ) ( 13,703 ) ( 13,753 ) Long term debt, net of current maturities $ 1,236,658 $ 1,394,942 $ 1,350,416

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	May 04, 2024
Fair Value of Company's Derivative Financial Instruments on Gross Basis as well as Classification	The table below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets: (in thousands) Fair Values of Derivative Instruments May 4, 2024 February 3, 2024 April 29, 2023 Derivatives Designated as Hedging Instruments Balance Fair Balance Fair Balance Fair Interest rate swap contracts Other assets $ 36,079 Other assets $ 29,075 Other assets $ 26,857
Summary of Unrealized Gains and Losses Deferred to Accumulated Other Comprehensive Loss	The following table presents the unrealized gains and losses deferred to accumulated other comprehensive income resulting from the Company’s derivative financial instruments for each of the reporting periods. (in thousands) Three Months Ended Interest Rate Derivatives: May 4, 2024 April 29, 2023 Unrealized gains, before taxes $ 10,573 $ 1,294 Income tax expense ( 2,838 ) ( 347 ) Unrealized gains, net of taxes $ 7,735 $ 947
Reclassification of Gains and Losses from Accumulated Other Comprehensive Income into Earnings	The following table presents information about the reclassification of gains and losses from accumulated other comprehensive income into earnings related to the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Component of Earnings: May 4, 2024 April 29, 2023 Interest benefit $ ( 4,563 ) $ ( 1,129 ) Income tax expense 1,220 302 Net reclassification into earnings $ ( 3,343 ) $ ( 827 )
Derivatives Designated as Hedging Instruments
Outstanding Interest Rate Derivative in Qualifying Hedging Relationships	As of May 4, 2024, the Company had the following outstanding interest rate derivative that was designated as a cash flow hedge of interest rate risk: Interest Rate Derivative Number of Notional Aggregate Principal Amount Interest Swap Rate Maturity Date Interest rate swap contract One $ 450.0 million 2.16 % June 24, 2028

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 04, 2024
Fair Value Disclosures [Abstract]
Fair Values of Financial Assets and Hierarchy of Level of Inputs	The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of May 4, 2024, February 3, 2024 and April 29, 2023 are summarized below: (in thousands) Fair Value Measurements at May 4, February 3, April 29, 2024 2024 2023 Level 1 Cash equivalents (including restricted cash equivalents) $ 313,077 $ 657,292 $ 163,713
Fair Values of Financial Liabilities	The fair values of the Company’s financial liabilities are summarized below: (in thousands) May 4, 2024 February 3, 2024 April 29, 2023 Principal Fair Principal Fair Principal Fair Term B-6 Loans $ 934,976 $ 936,341 $ 937,379 $ 934,450 $ 944,590 $ 935,144 2025 Convertible Notes 156,155 164,273 156,155 169,384 397,375 448,016 2027 Convertible Notes 297,069 329,346 297,069 342,384 — — ABL Line of Credit (a) — — — — — — Total debt (b) $ 1,388,200 $ 1,429,960 $ 1,390,603 $ 1,446,218 $ 1,341,965 $ 1,383,160 (a) To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value, because the interest rate is variable and reflects current market rates, due to its short term nature. (b) The table above excludes finance lease obligations, debt discount and deferred debt costs.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	May 04, 2024
Income Tax Disclosure [Abstract]
Net Deferred Taxes	Net deferred taxes are as follows: (in thousands) May 4, February 3, April 29, 2024 2024 2023 Deferred tax asset $ 2,313 $ 2,436 $ 3,079 Deferred tax liability 240,609 227,593 220,609 Net deferred tax liability $ 238,296 $ 225,157 $ 217,530

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	May 04, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income per Share	The following table presents the computation of basic and diluted net income per share: (in thousands, except per share data) Three Months Ended May 4, April 29, 2024 2023 Basic net income per share Net income $ 78,514 $ 32,748 Weighted average number of common shares – basic 63,871 64,954 Net income per common share – basic $ 1.23 $ 0.50 Diluted net income per share Net income $ 78,514 $ 32,748 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 63,871 64,954 Assumed exercise of stock options and vesting of restricted stock 396 337 Assumed conversion of convertible debt — — Weighted average number of common shares – diluted 64,267 65,291 Net income per common share – diluted $ 1.22 $ 0.50

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	May 04, 2024
Share-Based Payment Arrangement [Abstract]
Non-Cash Stock Compensation Expense	Non-cash stock compensation expense is as follows: (in thousands) Three Months Ended May 4, April 29, Type of Non-Cash Stock Compensation 2024 2023 Restricted stock unit grants (a) $ 9,948 $ 9,365 Stock option grants (a) 4,567 4,203 Performance stock unit grants (a) 4,592 3,154 Total (b) $ 19,107 $ 16,722 (a) Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. The amounts presented in the table above exclude taxes. For the three month period ended May 4, 2024 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.6 million. For the three month period ended April 29, 2023 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.2 million.
Stock Option Transactions	Stock option transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Options outstanding, February 3, 2024 1,356,258 $ 197.90 Options granted 361,395 178.02 Options exercised (a) ( 55,688 ) 152.14 Options forfeited ( 17,428 ) 226.78 Options outstanding, May 4, 2024 1,644,537 $ 194.77 (a) Options exercised during the three month period ended May 4, 2024 had a total intrinsic value of $ 3.8 million .
Stock Options Vested and Expected to Vest	The following table summarizes information about the stock options vested and expected to vest during the contractual term of such options as of May 4, 2024: Options Weighted Weighted Aggregate Options vested and expected to vest 1,644,537 7.7 $ 194.77 $ 14.7 Options exercisable 827,047 6.2 $ 199.18 $ 9.8
Weighted Average Assumptions Used to Estimate Fair Value of Each Stock Option Granted	The fair value of each stock option granted during the three month period ended May 4, 2024 was estimated using the Black Scholes option pricing model using the following assumptions on a weighted average basis: Three Months Ended May 4, 2024 Risk-free interest rate 4.69 % Expected volatility 42 % Expected life (years) 4.03 Contractual life (years) 10.0 Expected dividend yield 0 % Grant date fair value of options issued $ 69.72
Award Grant and Vesting Transactions	Restricted stock transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Non-vested awards outstanding, February 3, 2024 570,952 $ 204.97 Awards granted 279,097 178.74 Awards vested (a) ( 137,072 ) 230.33 Awards forfeited ( 10,316 ) 200.79 Non-vested awards outstanding, May 4, 2024 702,661 189.67 (a) Restricted stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 24.9 million .
Performance Stock Unit Transactions	Performance stock unit transactions during the three month period ended May 4, 2024 are summarized as follows: Number of Weighted Non-vested awards outstanding, February 3, 2024 226,917 $ 217.29 Awards granted 122,691 184.29 Awards vested (a) ( 44,535 ) 319.32 Awards forfeited ( 3,612 ) 272.42 Non-vested awards outstanding, May 4, 2024 301,461 188.13 (a) Performance-based stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 10.1 million.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	May 04, 2024 Store
Summary Of Significant Accounting Policies [Line Items]
Number of stores operated	1,021

Company's Stockholders' Equity

Company's Stockholders' Equity (Detail) - USD ($) $ in Thousands		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Balance at beginning of period		$ 996,932	$ 794,905
Net income		78,514	32,748
Stock options exercised		$ 8,472	10,764
Stock options exercised (in shares)	[1]	55,688
Shares used for tax withholding		$ (12,222)	(1,962)
Shares purchased as part of publicly announced program		$ (63,769)	$ (51,823)
Vesting of restricted shares		396,000	337,000
Stock based compensation		$ 19,107	$ 16,722
Unrealized gains (losses) on interest rate derivative contracts, net of related taxes benefit		7,735	947
Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes		(3,343)	(827)
Balance at end of period		1,031,426	801,474
Common Stock
Balance at beginning of period		$ 8	$ 8
Balance at beginning of period (in shares)		82,399,577	82,037,994
Stock options exercised (in shares)		55,688	90,971
Vesting of restricted shares		181,607	28,536
Balance at end of period		$ 8	$ 8
Balance at end of period (in shares)		82,636,872	82,157,501
Additional Paid-in Capital
Balance at beginning of period		$ 2,118,356	$ 2,015,625
Stock options exercised		8,472	10,764
Stock based compensation		19,107	16,722
Balance at end of period		2,145,935	2,043,111
Accumulated (Deficit) Earnings
Balance at beginning of period		984,064	644,415
Net income		78,514	32,748
Balance at end of period		1,062,578	677,163
Accumulated Other Comprehensive (Loss) Income
Balance at beginning of period		33,533	28,748
Unrealized gains (losses) on interest rate derivative contracts, net of related taxes benefit		7,735	947
Amount reclassified from accumulated other comprehensive income into earnings, net of related taxes		(3,343)	(827)
Balance at end of period		37,925	28,868
Treasury Stock
Balance at beginning of period		$ (2,139,029)	$ (1,893,891)
Balance at beginning of period (in shares)		(18,435,206)	(17,018,281)
Shares used for tax withholding		$ (12,222)	$ (1,962)
Shares used for tax withholding (in shares)		(63,407)	(9,457)
Shares purchased as part of publicly announced program		$ (63,769)	$ (51,823)
Shares purchased as part of publicly announced program, (in shares)		(312,238)	(245,414)
Balance at end of period		$ (2,215,020)	$ (1,947,676)
Balance at end of period (in shares)		(18,810,851)	(17,273,152)
[1] Options exercised during the three month period ended May 4, 2024 had a total intrinsic value of $ 3.8 million .

Company's Stockholders' Equit_2

Company's Stockholders' Equity (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Statement of Stockholders' Equity [Abstract]
Excise tax	$ 0.4	$ 0.4
Unrealized gains (losses) on interest rate derivative contracts, Tax	2.8	0.3
Amount reclassified from accumulated other comprehensive income into earnings on Interest Rate Cap Contracts, Tax	$ 1.2	$ 0.3

Lease Commitments - Additional

Lease Commitments - Additional Information (Detail) $ in Millions	3 Months Ended
	May 04, 2024 USD ($) Store
Future Minimum Payments Receivable [Line Items]
Operating and finance leases, expiration period	30 years
Leases renewal option	5 years
Accrued lease liability | $	$ 667.5
Number of store committed to open or relocate but has not yet taken possession | Store	84

Future Lease Payments (Detail)

Future Lease Payments (Detail) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Operating Leases
2024 (remainder)	$ 422,929
2025	615,594
2026	576,614
2027	535,608
2028	487,650
Thereafter	1,662,700
Total future minimum lease payments	4,301,095
Amount representing interest	(889,120)
Total lease liabilities	3,411,975
Less: current portion of lease liabilities	(395,948)	$ (411,395)	$ (402,622)
Total long term lease liabilities	$ 3,016,027	2,984,794	2,842,785
Weighted average discount rate	5.80%
Weighted average remaining lease term (years)	7 years 10 months 24 days
Finance Leases
2024 (remainder)	$ 3,535
2025	3,526
2026	3,640
2027	3,640
2028	3,447
Thereafter	20,787
Total future minimum lease payments	38,575
Amount representing interest	(11,258)
Total lease liabilities	$ 27,317	$ 29,069	$ 32,484
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long Term Debt And Capital Lease Obligations Current and Noncurrent	Long Term Debt And Capital Lease Obligations Current and Noncurrent	Long Term Debt And Capital Lease Obligations Current and Noncurrent
Less: current portion of lease liabilities	$ (2,873)
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation, Current
Total long term lease liabilities	$ 24,444
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation
Weighted average discount rate	5.60%
Weighted average remaining lease term (years)	12 years 1 month 6 days

Schedule of Net Lease Costs (De

Schedule of Net Lease Costs (Detail) - USD ($) $ in Thousands		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Finance lease cost:
Amortization of finance lease asset	[1]	$ 798	$ 877
Interest on lease liabilities	[2]	383	495
Operating lease cost	[3]	151,180	138,950
Variable lease cost	[3]	60,957	54,071
Total lease cost		213,318	194,393
Impairment (gain) on sale and leaseback transaction	[4]	8,210	(1,958)
Less all rental income	[5]	(1,379)	(1,398)
Total net rent expense	[6]	$ 220,149	$ 191,037
[1] Included in the line item “Depreciation and amortization” in the Company’s Condensed Consolidated Statements of Income. Included in the line item “Interest expense” in the Company’s Condensed Consolidated Statements of Income. Includes real estate taxes, common area maintenance, insurance and percentage rent. Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. Impairment included in the line item "Impairment charges - long-lived assets" and gain included in line item “Other income - net” in the Company’s Condensed Consolidated Statements of Income. Included in the line item “Other revenue” in the Company’s Condensed Consolidated Statements of Income. Excludes an immaterial amount of short-term lease cost.

Schedule of Supplemental Cash F

Schedule of Supplemental Cash Flow Disclosures Related to Leases (Details) - USD ($) $ in Thousands		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments arising from operating lease liabilities	[1]	$ 155,077	$ 139,950
Cash payments for the principal portion of finance lease liabilities	[2]	884	963
Cash payments for the interest portion of finance lease liabilities	[1]	383	495
Operating lease liabilities arising from obtaining right-of-use assets		$ 183,529	$ 122,802
[1] Included within operating activities in the Company’s Condensed Consolidated Statements of Cash Flows. Included within financing activities in the Company’s Condensed Consolidated Statements of Cash Flows.

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Debt Instrument [Line Items]
Finance lease obligations	$ 27,317	$ 29,069	$ 32,484
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long term debt and capital lease obligations current and noncurrent	Long term debt and capital lease obligations current and noncurrent	Long term debt and capital lease obligations current and noncurrent
Unamortized deferred financing costs	$ (6,426)	$ (7,003)	$ (5,534)
Total debt	1,405,300	1,408,645	1,364,169
Less: current maturities	(168,642)	(13,703)	(13,753)
Long term debt, net of current maturities	1,236,658	1,394,942	1,350,416
Senior Secured Term B-6 Loans
Debt Instrument [Line Items]
Long Term Debt	931,185	933,355	939,844
Convertible Senior Notes 2.25% Due April 15 2025
Debt Instrument [Line Items]
Long Term Debt	156,155	156,155	$ 397,375
Convertible Senior Notes 1.25% Due December 15 2027
Debt Instrument [Line Items]
Long Term Debt	$ 297,069	$ 297,069

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail)		3 Months Ended
	Apr. 16, 2020	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Senior Secured Term B-6 Loans
Debt Instrument [Line Items]
Long-Term Debt, maturity date		Jun. 24, 2028	Jun. 24, 2028	Jun. 24, 2028
Convertible Senior Notes
Debt Instrument [Line Items]
Long-Term Debt, maturity date	Apr. 15, 2025
Long-Term Debt, interest rate	2.25%
Convertible Senior Notes 2.25% Due April 15 2025
Debt Instrument [Line Items]
Long-Term Debt, maturity date		Apr. 15, 2025	Apr. 15, 2025	Apr. 15, 2025
Long-Term Debt, interest rate		2.25%	2.25%	2.25%
Convertible Senior Notes 1.25% Due December 15 2027
Debt Instrument [Line Items]
Long-Term Debt, maturity date		Dec. 15, 2027	Dec. 15, 2027	Dec. 15, 2027
Long-Term Debt, interest rate		1.25%	1.25%	1.25%
ABL senior secured revolving facility
Debt Instrument [Line Items]
Long-Term Debt, maturity date		Dec. 22, 2026	Dec. 22, 2026	Dec. 22, 2026
Secured Overnight Financing Rate Floor | Senior Secured Term B-6 Loans
Debt Instrument [Line Items]
Long-Term Debt, interest rate		0%	0%	0%
Secured Overnight Financing Rate (SOFR) | Senior Secured Term B-6 Loans
Debt Instrument [Line Items]
Long-Term Debt, interest rate		2%	2%	2%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)				3 Months Ended
	Sep. 12, 2023 USD ($) $ / shares shares	May 11, 2023	Apr. 16, 2020 USD ($) $ / shares	May 04, 2024 USD ($)	Feb. 03, 2024 USD ($)	Apr. 29, 2023 USD ($)	Jun. 26, 2023 USD ($)	Jun. 25, 2023 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt						$ (24,644,000)
Deferred financing costs				$ 6,426,000	$ 7,003,000	5,534,000
Letters of credit, outstanding amount				$ 77,300,000	$ 75,800,000	$ 53,200,000
Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Interest rate				7.40%		7%
Convertible Senior Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt						$ 24,600,000
Long-Term Debt, interest rate			2.25%
Debt instrument maturity date			Apr. 15, 2025
Interest rate			2.80%
Long-Term Debt, face amount			$ 805,000,000
Debt instrument frequency of periodic payments				semi-annually
Debt instrument, conversion ratio			4.5418
Debt instrument, principal amount for conversion			$ 1,000,000
Debt conversion, aggregate principal amount of convertible debt	$ 241,200,000					110,300,000
Debt conversion, converted instrument, in cash						$ 133,300,000
Debt instrument, conversion price | $ / shares			$ 220.18
Debt instrument, conversion premium			32.50%
Share price | $ / shares			$ 166.17
Debt instrument, convertible, stock price trigger			130%
Debt instrument, redemption price, percentage			100%
Debt instrument repurchase percentage on conditional basis			100%
New Convertible Senior Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 13,600,000
Long-Term Debt, interest rate	1.25%
Long Term Debt	$ 297,100,000
Assumed conversion of convertible debt | shares	1,422,568
Conversion of convertible securities contingent conditions | shares	1,911,372
Interest rate	1.70%
Debt instrument frequency of periodic payments				semi-annually
Debt instrument, conversion ratio	4.856
Debt instrument, principal amount for conversion	$ 1,000,000
Debt conversion, aggregate principal amount of convertible debt	$ 255,000,000
Debt instrument, conversion price | $ / shares	$ 205.93
Debt instrument, conversion premium	32.50%
Share price | $ / shares	$ 155.42
Debt instrument, convertible, stock price trigger	130%
Debt instrument, redemption price, percentage	100%
Debt instrument repurchase percentage on conditional basis	100%
New Convertible Senior Notes | Private Placement
Debt Instrument [Line Items]
Long Term Debt	$ 42,100,000
Convertible Senior Notes 2.25% Due April 15 2025
Debt Instrument [Line Items]
Long-Term Debt, interest rate				2.25%	2.25%	2.25%
Debt instrument maturity date				Apr. 15, 2025	Apr. 15, 2025	Apr. 15, 2025
Long Term Debt				$ 156,155,000	$ 156,155,000	$ 397,375,000
Convertible Senior Notes 1.25% Due December 15 2027
Debt Instrument [Line Items]
Long-Term Debt, interest rate				1.25%	1.25%	1.25%
Debt instrument maturity date				Dec. 15, 2027	Dec. 15, 2027	Dec. 15, 2027
Long Term Debt				$ 297,069,000	$ 297,069,000
ABL senior secured revolving facility
Debt Instrument [Line Items]
Debt instrument maturity date				Dec. 22, 2026	Dec. 22, 2026	Dec. 22, 2026
Line of Credit Facility, maximum borrowing capacity				$ 900,000,000
Line of Credit Facility, amount available				779,100,000		$ 839,800,000
Line of Credit Facility, amount outstanding during period				0		$ 0
Letters of credit, outstanding amount							$ 250,000,000	$ 150,000,000
ABL senior secured revolving facility | On April 1, 2024
Debt Instrument [Line Items]
Letters of credit, outstanding amount							237,500,000
ABL senior secured revolving facility | On July 1, 2024
Debt Instrument [Line Items]
Letters of credit, outstanding amount							225,000,000
ABL senior secured revolving facility | On October 1, 2024
Debt Instrument [Line Items]
Letters of credit, outstanding amount							212,500,000
ABL senior secured revolving facility | On January 1, 2025
Debt Instrument [Line Items]
Letters of credit, outstanding amount							200,000,000
ABL senior secured revolving facility | No Later than January 1, 2025
Debt Instrument [Line Items]
Letters of credit, outstanding amount							$ 200,000,000
Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Line of Credit Facility, maximum borrowing capacity				$ 1,200,000,000
Applicable Interest Period Adjusted London Interbank Offered Rate Margin | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				2%
Federal Funds Rate | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				0.50%
One Month Adjusted London Interbank Offered Rate | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				1%
One Month Adjusted London Interbank Offered Rate Margin | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				1%
One Month Adjusted Secured Overnight Financing Rate | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate		0.11%
Three Month Adjusted Secured Overnight Financing Rate | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate		0.26%
Six Month Adjusted Secured Overnight Financing Rate | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate		0.43%
Secured Overnight Financing Rate (SOFR) | Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Credit Spread Adjustment Rate1				0.10%
Secured Overnight Financing Rate Floor | Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Line of Credit Facility, interest rate		0%
Term Loan Facility
Debt Instrument [Line Items]
Debt instrument maturity date				Jun. 24, 2028
Long-Term Debt, face amount				$ 931,200,000
Minimum | Prime Rate | Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				0.125%
Minimum | Secured Overnight Financing Rate (SOFR) | Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				1.125%
Maximum | Prime Rate | Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				0.375%
Maximum | Secured Overnight Financing Rate (SOFR) | Amended ABL senior secured revolving facility
Debt Instrument [Line Items]
Line of Credit Facility, interest rate				1.375%

Derivative Instruments And He_3

Derivative Instruments And Hedging Activities - Additional Information (Detail) $ in Millions			3 Months Ended
	Jun. 24, 2021 USD ($)	Dec. 17, 2018 USD ($)	May 04, 2024 USD ($) Derivative	Jul. 29, 2023
Interest Rate Cap Contracts
Derivative [Line Items]
Interest rate cap contracts, number | Derivative			1
Amounts reported in Accumulated Other Comprehensive Income to be reclassified to interest expense, during the next twelve months			$ 16.5
Interest Rate Swap Contract | Derivatives Designated as Hedging Instruments | Secured Overnight Financing Rate (SOFR)
Derivative [Line Items]
Interest swap rate				2.16%
Interest Rate Swap Contract | Cash Flow Hedging | Derivatives Designated as Hedging Instruments
Derivative [Line Items]
Notional aggregate principal amount	$ 450	$ 450	$ 450
Interest swap rate	2.19%	2.72%	2.16%
Amount of loss deferred for previous interest rate swap		$ 26.9
Maturity date	Jun. 24, 2028	Dec. 29, 2023	Jun. 24, 2028
Interest rate swap liability fair value	$ 26.9

Outstanding Interest Rate Deriv

Outstanding Interest Rate Derivative in Qualifying Hedging Relationships (Detail) - Cash Flow Hedging - Derivatives Designated as Hedging Instruments - Interest Rate Swap Contract $ in Millions			3 Months Ended
	Jun. 24, 2021 USD ($)	Dec. 17, 2018 USD ($)	May 04, 2024 USD ($) Derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments | Derivative			1
Notional aggregate principal amount | $	$ 450	$ 450	$ 450
Interest Swap Rate	2.19%	2.72%	2.16%
Maturity Date	Jun. 24, 2028	Dec. 29, 2023	Jun. 24, 2028

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Detail) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Interest Rate Swap Contracts | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Liability at Fair Value	$ 36,079	$ 29,075	$ 26,857

Summary of Unrealized Gains and

Summary of Unrealized Gains and Losses Deferred to Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Derivative Instruments Gain Loss [Line Items]
Income tax expense	$ (2,800)	$ (300)
Unrealized gains, net of taxes	7,735	947
Derivatives Designated as Hedging Instruments | Interest Rate Derivatives
Derivative Instruments Gain Loss [Line Items]
Unrealized gains, before taxes	10,573	1,294
Income tax expense	(2,838)	(347)
Unrealized gains, net of taxes	$ 7,735	$ 947

Reclassification of Gains and L

Reclassification of Gains and Losses from Accumulated Other Comprehensive Income into Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Interest benefit	$ 16,649	$ 19,345
Income tax expense	31,125	10,570
Net reclassification into earnings	3,343	827
Reclassification out of accumulated other comprehensive income | Derivatives Designated as Hedging Instruments | Accumulated net gain (loss) from cash flow hedges including portion attributable to noncontrolling interest | Interest Rate Cap Contracts
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Interest benefit	(4,563)	(1,129)
Income tax expense	1,220	302
Net reclassification into earnings	$ (3,343)	$ (827)

Fair Values of Financial Assets

Fair Values of Financial Assets and Hierarchy of Level of Inputs (Detail) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents (including restricted cash equivalents)	$ 313,077	$ 657,292	$ 163,713

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Thousands	3 Months Ended
	May 04, 2024 USD ($) Store	Apr. 29, 2023 USD ($) Store
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset impairment carrying value related to right of use assets	$ 9,800	$ 70,900
Impairment charges - long-lived assets	8,210	844
Impairment charges-Long lived assets	$ 8,200	600
Impairment of operating lease assets		$ 200
Assets Impairments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of stores expected to sale | Store	1
Impairment of store level assets, number of stores | Store		7
Lease Asset Impairment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment of store level assets, number of stores | Store		2

Fair Values of Financial Liabil

Fair Values of Financial Liabilities (Detail) - USD ($) $ in Thousands		May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Principal Amount	[1]	$ 1,388,200	$ 1,390,603	$ 1,341,965
Long-Term Debt, Fair Value	[1]	1,429,960	1,446,218	1,383,160
Term B-6 Loans
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Principal Amount		934,976	937,379	944,590
Long-Term Debt, Fair Value		936,341	934,450	935,144
2025 Convertible Notes
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Principal Amount		156,155	156,155	397,375
Long-Term Debt, Fair Value		164,273	169,384	$ 448,016
2027 Convertible Notes
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Principal Amount		297,069	297,069
Long-Term Debt, Fair Value		$ 329,346	$ 342,384
[1] The table above excludes finance lease obligations, debt discount and deferred debt costs.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023	Feb. 03, 2024
Income Tax Disclosure [Line Items]
Income tax expense	$ 31,125	$ 10,570
Effective tax rate	28.40%	24.40%
Deferred tax asset for net operating loss	$ 5,100
Tax credit carryforwards	9,200
Amount of alternative minimum tax credits	300
Valuation allowances	10,000	$ 13,900	$ 11,400
State and local jurisdiction
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	4,800
Tax credit carryforwards	$ 8,900
Tax credit expiration period	2025
State and local jurisdiction | Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2025
State and local jurisdiction | Maximum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2041
Puerto Rico
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	$ 300
Net operating losses subject to expiration year	2025
Alternative minimum tax credits, expiration life	indefinite life

Net Deferred Taxes (Detail)

Net Deferred Taxes (Detail) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Deferred tax asset	$ 2,313	$ 2,436	$ 3,079
Deferred tax liability	240,609	227,593	220,609
Net deferred tax liability	$ 238,296	$ 225,157	$ 217,530

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)			3 Months Ended
	Aug. 15, 2023	Feb. 16, 2022	May 04, 2024	Apr. 29, 2023
Statement Equity Components [Line Items]
Shares Used for Tax Withholdings			$ 12,222,000	$ 1,962,000
2021 Stock Repurchase Program
Statement Equity Components [Line Items]
Stock repurchase programs, authorized amount	$ 500,000,000	$ 500,000,000
Stock repurchase programs, authorized execution month and year	2025-08
Stock repurchase program, expired month and year		2024-02
Remaining authorized repurchase amount			$ 441,700,000
Common stock repurchased, shares			312,238
Common stock repurchased, value			$ 63,400,000
Treasury Stock
Statement Equity Components [Line Items]
Shares Used for Tax Withholdings (in shares)			63,407	9,457
Shares Used for Tax Withholdings			$ 12,222,000	$ 1,962,000
Common stock repurchased, shares			312,238	245,414

Computation of Basic and Dilute

Computation of Basic and Diluted Net Income per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Basic net income per share
Net income	$ 78,514	$ 32,748
Weighted average number of common shares – basic	63,871	64,954
Net income per common stock - basic	$ 1.23	$ 0.5
Diluted net income per share
Net income	$ 78,514	$ 32,748
Weighted average number of common shares – basic	63,871	64,954
Assumed exercise of stock options and vesting of restricted stock	396	337
Weighted average number of common shares – diluted	64,267	65,291
Net income per common stock - diluted	$ 1.22	$ 0.5

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - USD ($)	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted net income per share	771,000	540,000
Conversion price of convertible notes and new convertible notes excluded from computation of diluted earnings per share	$ 220.18	$ 205.93

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail)	3 Months Ended
	May 04, 2024 shares
Performance Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Service-based awards, vesting period	3 years
Performance Stock Units | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target award threshold range	200%
2022 Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant equity awards	3,915,644

Non-Cash Stock Compensation Exp

Non-Cash Stock Compensation Expense (Detail) - USD ($) $ in Thousands		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[1]	$ 19,107	$ 16,722
Restricted Stock Unit Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	9,948	9,365
Stock Option Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	4,567	4,203
Performance Stock Unit Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	$ 4,592	$ 3,154
[1] The amounts presented in the table above exclude taxes. For the three month period ended May 4, 2024 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.6 million. For the three month period ended April 29, 2023 , the tax benefit related to the Company’s non-cash stock compensation was approximately $ 3.2 million. Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income.

Non-Cash Stock Compensation E_2

Non-Cash Stock Compensation Expense (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]
Non-Cash Stock Compensation tax benefit	$ 3.6	$ 3.2

Stock Option Transactions (Deta

Stock Option Transactions (Detail)	3 Months Ended
	May 04, 2024 $ / shares shares
Number of Shares
Options Outstanding at Beginning of Period | shares	1,356,258
Options Granted | shares	361,395
Options Exercised | shares	(55,688)	[1]
Options Forfeited | shares	(17,428)
Options Outstanding at End of Period | shares	1,644,537
Weighted Average Exercise Price Per Share
Options Outstanding at Beginning of Period | $ / shares	$ 197.9
Options Granted | $ / shares	178.02
Options Exercised | $ / shares	152.14	[1]
Options Forfeited | $ / shares	226.78
Options Outstanding at End of Period | $ / shares	$ 194.77
[1] Options exercised during the three month period ended May 4, 2024 had a total intrinsic value of $ 3.8 million .

Stock Option Transactions (Pare

Stock Option Transactions (Parenthetical) (Detail) $ in Millions	3 Months Ended
	May 04, 2024 USD ($)
Share-Based Payment Arrangement [Abstract]
Share based compensation option exercised total intrinsic value	$ 3.8

Stock Options Vested and Expect

Stock Options Vested and Expected to Vest (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	May 04, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Vested and expected to vest, Options | shares	1,644,537
Vested and expected to vest, Weighted Average Remaining Contractual Life (Years)	7 years 8 months 12 days
Vested and expected to vest, Weighted Average Exercise Price | $ / shares	$ 194.77
Vested and expected to vest, Aggregate Intrinsic Value | $	$ 14.7
Options exercisable, Options | shares	827,047
Options exercisable, Weighted Average Remaining Contractual Life (Years)	6 years 2 months 12 days
Options exercisable, Weighted Average Exercise Price | $ / shares	$ 199.18
Options exercisable, Aggregate Intrinsic Value | $	$ 9.8

Weighted Average Assumptions Us

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail)	3 Months Ended
	May 04, 2024 $ / shares
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	4.69%
Expected volatility	42%
Expected life (years)	4 years 10 days
Contractual life (years)	10 years
Expected dividend yield	0%
Grant date fair value of options issued	$ 69.72

Award Grant, Vested and Forfeit

Award Grant, Vested and Forfeiture Transactions (Detail) - Non Vested Restricted Stock	3 Months Ended
	May 04, 2024 $ / shares shares
Number of Shares
Non-Vested Awards Outstanding at Beginning of Period | shares	570,952
Awards Granted | shares	279,097
Awards Vested | shares	(137,072)	[1]
Awards Forfeited | shares	(10,316)
Non-Vested Awards Outstanding at End of Period | shares	702,661
Weighted Average Grant Date Fair Value Per Award
Non-Vested Awards Outstanding at Beginning of Period | $ / shares	$ 204.97
Awards Granted | $ / shares	178.74
Awards Vested | $ / shares	230.33	[1]
Awards Forfeited | $ / shares	200.79
Non-Vested Awards Outstanding at End of Period | $ / shares	$ 189.67
[1] Restricted stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 24.9 million .

Award Grant, Vested and Forfe_2

Award Grant, Vested and Forfeiture Transactions (Parenthetical) (Detail) $ in Millions	3 Months Ended
	May 04, 2024 USD ($)
Restricted Stock Issuances
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation awards vested total intrinsic value	$ 24.9

Performance Stock Units Transac

Performance Stock Units Transactions (Detail) - Performance Stock Units	3 Months Ended
	May 04, 2024 $ / shares shares
Number of Shares
Non-Vested Awards Outstanding at Beginning of Period | shares	226,917
Awards Granted | shares	122,691
Awards Vested | shares	(44,535)	[1]
Awards Forfeited | shares	(3,612)
Non-Vested Awards Outstanding at End of Period | shares	301,461
Weighted Average Grant Date Fair Value Per Award
Non-Vested Awards Outstanding at Beginning of Period | $ / shares	$ 217.29
Awards Granted | $ / shares	184.29
Awards Vested | $ / shares	319.32	[1]
Awards Forfeited | $ / shares	272.42
Non-Vested Awards Outstanding at End of Period | $ / shares	$ 188.13
[1] Performance-based stock awards vested during the three month period ended May 4, 2024 had a total intrinsic value of $ 10.1 million.

Performance Stock Units Trans_2

Performance Stock Units Transactions (Parenthetical) (Detail) $ in Millions	3 Months Ended
	May 04, 2024 USD ($)
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation awards vested total intrinsic value	$ 10.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	May 04, 2024	Feb. 03, 2024	Jun. 26, 2023	Jun. 25, 2023	Apr. 29, 2023
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	$ 77,300,000	$ 75,800,000			$ 53,200,000
Purchase commitments related to goods or services	1,685,000,000
ABL senior secured revolving facility
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount			$ 250,000,000	$ 150,000,000
Guarantee Performance Under Insurance And Utility Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	77,300,000	75,800,000			51,500,000
Merchandising Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	0	0			1,700,000
Letters of Credit | ABL senior secured revolving facility | Maximum
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	$ 160,200,000	$ 174,200,000			$ 96,800,000