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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jan. 30, 2021
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) Presented below is selected quarterly consolidated financial data for fiscal 2021 and fiscal 2020 which was prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to state fairly, in all material respects, the information set forth therein on a consistent basis.
Amounts in thousands except per share amounts | First Quarter(a) | Second Quarter(a) | Third Quarter(a) | Fourth Quarter(a)
Fiscal Year Ended January 30, 2021 |  |  |  |
Net sales | $ | 4,408,888 |  | $ | 6,667,575 |  | $ | 10,117,289 |  | $ | 10,943,210 |
Gross earnings(b) | (5,577) |  | 1,493,085 |  | 3,055,004 |  | 3,060,635 |
Net income(c) | (887,489) |  | (214,220) |  | 866,656 |  | 325,523 |
Basic earnings per share(d) | (0.74) |  | (0.18) |  | 0.72 |  | 0.27 |
Diluted earnings per share(d) | (0.74) |  | (0.18) |  | 0.71 |  | 0.27 |
Fiscal Year Ended February 1, 2020 |  |  |  |
Net sales | $ | 9,277,585 |  | $ | 9,781,596 |  | $ | 10,451,334 |  | $ | 12,206,462 |
Gross earnings(b) | 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 |
(a)Fiscal 2021 quarters reflect the impact of the COVID-19 pandemic. (b)Gross earnings equal net sales less cost of sales, including buying and occupancy costs. (c)The fourth quarter of fiscal 2021 includes a $0.3 billion early extinguishment of debt charge. (d)As a result of the net loss for the first and second quarters of fiscal 2021, basic and diluted earnings per share were the same.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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