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Quarterly Summary (Tables) | 12 Months Ended
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Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Summary |
|  | Twelve Weeks Ended |  |  | Seventeen Weeks Ended |
(in thousands, except per share data) |  | November 17, 2018 |  |  | February 9, 2019 |  |  | May 4, 2019 |  |  | August 31, 2019 (2) |
Net sales |  | $ | 2,641,733 |  |  | $ | 2,450,568 |  |  | $ | 2,783,006 |  |  | $ | 3,988,435 |
Gross profit |  |  | 1,417,474 |  |  |  | 1,325,107 |  |  |  | 1,492,020 |  |  |  | 2,130,400 |
Operating profit |  |  | 487,818 |  |  |  | 400,020 |  |  |  | 547,523 |  |  |  | 780,775 |
Income before income taxes |  |  | 448,812 |  |  |  | 358,658 |  |  |  | 504,284 |  |  |  | 719,578 |
Net income (5) |  |  | 351,406 |  |  |  | 294 , 638 |  |  |  | 405,949 |  |  |  | 565,228 |
Basic earnings per share |  |  | 13.71 |  |  |  | 11.71 |  |  |  | 16.35 |  |  |  | 23.15 |
Diluted earnings per share |  |  | 13.47 |  |  |  | 11.49 |  |  |  | 15.99 |  |  |  | 22.59 |
|  | 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 |
(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 2019 is based on a 17-week period while fiscal 2018 is based on a 16-week period. All other quarters presented are based on a 12-week period.
(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 and all of fiscal 2019 benefitted from changes due to Tax Reform. See “Note D – Income Taxes.”

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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