Business Description

5 ​ ITEM 1A. RISK FACTORS 11 ​ ITEM 1B. UNRESOLVED STAFF COMMENTS 22 ​ ITEM 1C. CYBERSECURITY 23 ​ ITEM 2. PROPERTIES 24 ​ ITEM 3. LEGAL PROCEEDINGS 25 ​ ITEM 4. MINE SAFETY DISCLOSURES 25 ​ INFORMATION ABOUT OUR EXECUTIVE OFFICERS 25 ​ ​ ​ PART II ​ ​ ​ ​ ​ ​ ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 27 ​ ITEM 6. [RESERVED] 27 ​ ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28 ​ ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 40 ​ ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 42 ​ ​ ​ Report of Ernst & Young, LLP, Independent Registered Public Accounting Firm (PCAOB ID: 42 ) 42 Consolidated Balance Sheets 44 Consolidated Statements of Income 45 Consolidated Statements of Comprehensive Income 46 Consolidated Statements of Shareholders' Equity 47 Consolidated Statements of Cash Flows 48 Notes to Consolidated Financial Statements 49 ​ ​ ​ ​ ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 69 ​ ITEM 9A. CONTROLS AND PROCEDURES 69 ​ ​ ​ Report of Independent Registered Public Accounting Firm 70 ​ ​ ​ ​ ITEM 9B. OTHER INFORMATION 71 ​ ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 71 ​ ​ ​ PART III ​ ​ ​ ​ ​ ​ ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 72 ​ ITEM 11. EXECUTIVE COMPENSATION 72 ​ ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 73 ​ ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 73 ​ ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 73 ​ ​ ​ PART IV ​ ​ ​ ​ ​ ​ ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 74 ​ ITEM 16. FORM 10-K SUMMARY 82 ​ ​ ​ SIGNATURES 83 ​ ​ 2 Table of Contents INTRODUCTION ​ General ​ This report contains references to years 2026, 2025, 2024, and 2023, which represent fiscal years ending or ended January 29, 2027, January 30, 2026, January 31, 2025 and February 2, 2024, respectively. Our fiscal year ends on the Friday closest to January 31. Each of the years listed consists of 52 weeks. All of the discussion and analysis in this report should be read with, and is qualified in its entirety by, the Consolidated Financial Statements and related notes. ​ Solely for convenience, our