Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jan. 30, 2021

Quarterly Financial Information Disclosure [Abstract]

Summary of Selected Quarterly Consolidated Financial Data

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.