v2.4.1.9
Quarterly Results (unaudited)
 12 Months Ended
Jan. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Results (unaudited)
Quarterly Results (unaudited)
Unaudited quarterly results for the last two years were as follows:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(millions, except per share data)
2014:
 
 
 
 
 
 
 
Net sales
$
6,279

 
$
6,267

 
$
6,195

 
$
9,364

Cost of sales
(3,836
)
 
(3,672
)
 
(3,766
)
 
(5,589
)
Gross margin
2,443

 
2,595

 
2,429

 
3,775

Selling, general and administrative expenses
(2,000
)
 
(2,024
)
 
(2,007
)
 
(2,324
)
Impairments, store closing and other costs
—

 
—

 
—

 
(87
)
Net income
224

 
292

 
217

 
793

Basic earnings per share
.61

 
.81

 
.62

 
2.30

Diluted earnings per share
.60

 
.80

 
.61

 
2.26

2013:
 
 
 
 
 
 
 
Net sales
$
6,387

 
$
6,066

 
$
6,276

 
$
9,202

Cost of sales
(3,911
)
 
(3,533
)
 
(3,817
)
 
(5,464
)
Gross margin
2,476

 
2,533

 
2,459

 
3,738

Selling, general and administrative expenses
(2,041
)
 
(1,999
)
 
(2,099
)
 
(2,301
)
Impairments, store closing and other costs
—

 
—

 
—

 
(88
)
Net income
217

 
281

 
177

 
811

Basic earnings per share
.56

 
.73

 
.47

 
2.21

Diluted earnings per share
.55

 
.72

 
.47

 
2.16