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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Selected Quarterly Consolidated Financial Data
Presented below is selected quarterly consolidated financial data for fiscal 2019 and fiscal 2018 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.
Amounts in thousands except per share amounts
First
Quarter
Second
Quarter
Third
Quarter(2)
Fourth
Quarter(3)
Fiscal Year Ended February 2, 2019 (52 weeks)
 
 
 
 
Net sales
$
8,688,720

$
9,331,115

$
9,825,759

$
11,127,340

Gross earnings(1)
2,510,481

2,695,300

2,842,276

3,093,700

Net income
716,381

739,626

762,253

841,538

Basic earnings per share(4)
0.57

0.59

0.62

0.69

Diluted earnings per share(4)
0.56

0.58

0.61

0.68

Fiscal Year Ended February 3, 2018 (53 weeks)
 
 
 
 
Net sales
$
7,784,024

$
8,357,700

$
8,762,220

$
10,960,720

Gross earnings(1)
2,253,952

2,385,025

2,612,200

3,111,320

Net income
536,279

552,957

641,436

877,276

Basic earnings per share(4)
0.41

0.43

0.51

0.70

Diluted earnings per share(4)
0.41

0.42

0.50

0.69

(1)
Gross earnings equal net sales less cost of sales, including buying and occupancy costs.
(2)
The third quarter of fiscal 2019 includes a $36.1 million pension settlement charge.
(3)
The fourth quarter of fiscal 2018 includes 14 weeks, a $99.3 million impairment charge and a net benefit related to the 2017 Tax Act.
(4)
Adjusted for two-for-one stock split completed in November 2018. See Note D - Capital Stock and Earnings Per Share.