Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2014

Selected Quarterly Financial Data (Unaudited)

Note Q. Selected Quarterly Financial Data (Unaudited)

Presented below is selected quarterly consolidated financial data for fiscal 2014 and fiscal 2013 which was prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in all material respects, the information set forth therein on a consistent basis.


In thousands except per share amounts	First Quarter		Second Quarter		Third Quarter		Fourth Quarter⁽²⁾
Fiscal Year Ended February 1, 2014 (52 weeks)
Net sales	$	6,189,609	$	6,442,424	$	6,981,876	$	7,808,787
Gross earnings⁽¹⁾		1,756,076		1,855,685		2,047,411		2,158,487
Net income		452,890		479,559		622,655		582,292
Basic earnings per share		0.63		0.67		0.88		0.82
Diluted earnings per share		0.62		0.66		0.86		0.81
Fiscal Year Ended February 2, 2013 (53 weeks)
Net sales	$	5,798,086	$	5,945,559	$	6,410,913	$	7,723,814
Gross earnings⁽¹⁾		1,632,358		1,670,486		1,844,840		2,209,288
Net income		419,200		421,092		461,551		604,844
Basic earnings per share		0.56		0.57		0.63		0.83
Diluted earnings per share		0.55		0.56		0.62		0.82

(1)	Gross earnings equal net sales less cost of sales, including buying and occupancy costs.

(2)	The fourth quarter of fiscal 2013 included 14 weeks.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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