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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jan. 31, 2015
Summary of Selected Quarterly Consolidated Financial Data

Presented below is selected quarterly consolidated financial data for fiscal 2015 and fiscal 2014 which was prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in all material respects, the information set forth therein on a consistent basis.

 

In thousands except per share amounts   

First

Quarter

     Second
Quarter
     Third
Quarter
     Fourth
Quarter
 

Fiscal Year Ended January 31, 2015

           

Net sales

   $ 6,491,176       $ 6,917,212       $ 7,366,066       $ 8,303,953   

Gross earnings(1)

     1,813,176         1,981,356         2,162,437         2,344,916   

Net income

     454,317         517,624         594,957         648,230   

Basic earnings per share

     0.65         0.75         0.86         0.95   

Diluted earnings per share

     0.64         0.73         0.85         0.93   

Fiscal Year Ended February 1, 2014

           

Net sales

   $ 6,189,609       $ 6,442,424       $ 6,981,876       $ 7,808,787   

Gross earnings(1)

     1,756,076         1,855,685         2,047,411         2,158,487   

Net income

     452,890         479,559         622,655         582,292   

Basic earnings per share

     0.63         0.67         0.88         0.82   

Diluted earnings per share

     0.62         0.66         0.86         0.81   

 

(1) Gross earnings equal net sales less cost of sales, including buying and occupancy costs.