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Quarterly Summary | 12 Months Ended
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Aug. 25, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Summary | Note S – Quarterly Summary(1) (Unaudited)
|  | Twelve Weeks Ended |  |  | Sixteen Weeks Ended |
(in thousands, except per share data) |  | November 18, 2017 |  |  | February 10, 2018(3)(5) |  |  | May 5, 2018(5) |  |  | August 25, 2018(2)(4)(5) |
Net sales |  | $ | 2,589,131 |  |  | $ | 2,413,026 |  |  | $ | 2,660,152 |  |  | $ | 3,558,769 |
Gross profit |  |  | 1,365,848 |  |  |  | 1,277,046 |  |  |  | 1,422,974 |  |  |  | 1,907,879 |
Operating profit |  |  | 468,754 |  |  |  | 205,098 |  |  |  | 545,765 |  |  |  | 591,239 |
Income before income taxes |  |  | 429,865 |  |  |  | 165,758 |  |  |  | 503,807 |  |  |  | 536,899 |
Net income |  |  | 281,003 |  |  |  | 289,530 |  |  |  | 366,721 |  |  |  | 400,282 |
Basic earnings per share |  |  | 10.17 |  |  |  | 10.58 |  |  |  | 13.62 |  |  |  | 15.27 |
Diluted earnings per share |  |  | 10.00 |  |  |  | 10.38 |  |  |  | 13.42 |  |  |  | 15.02 |
|  | Twelve Weeks Ended |  |  | Sixteen Weeks Ended |
(in thousands, except per share data) |  | November 19, 2016 |  |  | February 11, 2017 |  |  | May 6, 2017 |  |  | August 26, 2017(2) |
Net sales |  | $ | 2,467,845 |  |  | $ | 2,289,219 |  |  | $ | 2,619,007 |  |  | $ | 3,512,605 |
Gross profit |  |  | 1,301,542 |  |  |  | 1,205,536 |  |  |  | 1,378,418 |  |  |  | 1,854,125 |
Operating profit |  |  | 458,902 |  |  |  | 383,969 |  |  |  | 529,570 |  |  |  | 707,628 |
Income before income taxes |  |  | 425,596 |  |  |  | 349,771 |  |  |  | 493,895 |  |  |  | 656,227 |
Net income |  |  | 278,125 |  |  |  | 237,145 |  |  |  | 331,700 |  |  |  | 433,899 |
Basic earnings per share |  |  | 9.61 |  |  |  | 8.28 |  |  |  | 11.70 |  |  |  | 15.52 |
Diluted earnings per share |  |  | 9.36 |  |  |  | 8.08 |  |  |  | 11.44 |  |  |  | 15.27 |
(1) | The sum of quarterly amounts may not equal the annual amounts reported due to rounding. In addition, the earnings per share amounts are computed independently for each quarter while the full year is based on the annual weighted average shares outstanding.
(2) | The fourth quarter for fiscal 2018 and fiscal 2017 are based on a 16-week period. All other quarters presented are based on a 12-weekperiod.
(3) | The second quarter of fiscal 2018 includes impairment charges of $193.2 million. See “Note M – Sale of Assets.”
(4) | The fourth quarter of fiscal 2018 includes pension termination charges of $130.3 million. See “Note L - Pension and Savings Plans.”
(5) | Net income of the second, third and fourth quarter of fiscal 2018 benefitted from changes due to Tax Reform. See “Note D – Income Taxes.”

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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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