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Quarterly Financial Information
 12 Months Ended
Feb. 02, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information
(Unaudited)
                         
In thousands, except per share amounts
  
   
   
   
 
Fiscal 2019
(52
Weeks)
 
First
Quarter
 
 
Second
Quarter
 
 
Third
Quarter
 
 
Fourth
Quarter
1
 
 
Full
Year
 
Net revenues
 
$
1,241,132
 
 
$
1,370,814
 
 
$
1,442,472
 
 
$
1,843,590
 
 
$
5,898,008
 
Gross profit
 
 
444,331
 
 
 
483,861
 
 
 
518,172
 
 
 
692,728
 
 
 
2,139,092
 
Operating income
,2,3
 
 
74,132
 
 
 
86,165
 
 
 
101,891
 
 
 
203,686
 
 
 
465,874
 
Net earnings
6
 
 
52,656
 
 
 
62,648
 
 
 
74,713
 
 
 
166,045
 
 
 
356,062
 
Basic earnings per share
7
 
$
0.67
 
 
$
0.80
 
 
$
0.96
 
 
$
2.15
 
 
$
4.56
 
Diluted earnings per share
7
 
$
0.66
 
 
$
0.79
 
 
$
0.94
 
 
$
2.10
 
 
$
4.49
 
                                         
                               
Fiscal 2018
(53
Weeks)
 
First
Quarter
 
 
Second
Quarter
 
 
Third
Quarter
 
 
Fourth
Quarter
1
 
 
Full
Year
 
Net revenues
 
$
1,203,000
 
 
$
1,275,174
 
 
$
1,356,983
 
 
$
1,836,436
 
 
$
5,671,593
 
Gross profit
 
 
432,164
 
 
 
463,942
 
 
 
494,984
 
 
 
709,923
 
 
 
2,101,013
 
Operating income
,2,3,4
 
 
66,550
 
 
 
74,166
 
 
 
94,384
 
 
 
200,853
 
 
 
435,953
 
Net earnings
5,6
 
 
45,168
 
 
 
51,713
 
 
 
81,465
 
 
 
155,338
 
 
 
333,684
 
Basic earnings per share
7
 
$
0.54
 
 
$
0.63
 
 
$
1.01
 
 
$
1.95
 
 
$
4.10
 
Diluted earnings per share
7
 
$
0.54
 
 
$
0.62
 
 
$
1.00
 
 
$
1.93
 
 
$
4.05
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
Our fourth quarter of fiscal 2018
included 14
weeks as compared to 13
weeks in fiscal 2019
.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
Fiscal 2019
includes approximately $6.4
 million in the first quarter, $7.2
 million in the second quarter, $7.4
 million in the third quarter and $9.1
 million in the fourth quarter of expenses related to the acquisition of Outward and its ongoing operations. Fiscal 2018
includes approximately $6.9
 million in the first quarter, $5.0
 million in the second quarter, $6.0
 million in the third quarter and $7.2
 million in the fourth quarter of expenses related to the acquisition of Outward and its ongoing operations.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
Fiscal 2019
includes approximately $6.5
 million in the first quarter
 for employment-related expenses. Fiscal 2018
includes approximately $1.7
 million in the first quarter, $1.9
 million in the second quarter, $1.9
 million in the third quarter and $2.5
 million in the fourth quarter for employment-related expenses.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
Includes $5.3
 million in the second quarter, $1.1
 million in the third quarter and $6.8
 million in the fourth quarter of fiscal 2018
associated with impairment and early lease termination charges.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
Includes tax expense of approximately $1.1
 million in the first quarter of fiscal 2018
associated with the adoption of new accounting rules related to stock-based compensation.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
Fiscal 2019
includes a tax
e
xpense
 of $0.1
 million in the third quarter
resulting from t
ax legislation changes, and a t
ax benefit of $
6.0
 million in the fourth quarter resulting
from
a deferred tax liability adjustment
. Fiscal 2018
includes tax expense of $3.3
 million in the first quarter, tax expense of $2.9
 million in the second quarter, a tax benefit of $10.6
 million in the third quarter and tax expense of $0.3
 million in the fourth quarter, resulting from the enactment of the Tax Cuts and Jobs Act.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
Due to differences between quarterly and full year weighted average share count calculations, and the effect of quarterly rounding to the nearest cent per share, full year earnings per share may not equal the sum of the quarters.