Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Presented below is selected quarterly consolidated financial data for fiscal 2020 and fiscal 2019 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^(b)		Fourth Quarter
Fiscal Year Ended February 1, 2020
Net sales	$	9,277,585	$	9,781,596	$	10,451,334	$	12,206,462
Gross earnings^(a)	2,639,700		2,755,539		3,011,301		3,464,657
Net income	700,178		758,962		828,263		984,790
Basic earnings per share	0.58		0.63		0.69		0.82
Diluted earnings per share	0.57		0.62		0.68		0.81
Fiscal Year Ended February 2, 2019
Net sales	$	8,688,720	$	9,331,115	$	9,825,759	$	11,127,340
Gross earnings^(a)	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	0.57		0.59		0.62		0.69
Diluted earnings per share	0.56		0.58		0.61		0.68

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

(b)The third quarter of fiscal 2019 includes a $36.1 million pension settlement charge.