| Quarterly Operating Results |
The operating results for any quarter are not necessarily indicative of the results of any future quarter.
|
|
|
(in thousands, except share data) |
|
|
Year ended January 31, 2016: |
|
Quarter Ended |
|
|
|
|
May 2,
2015 |
|
|
August 1,
2015 |
|
|
October 31,
2015 |
|
|
January 30,
2016 |
|
|
Net sales |
|
$ |
1,183,059 |
|
|
$ |
1,144,218 |
|
|
$ |
1,230,886 |
|
|
$ |
1,540,769 |
|
|
Gross margin(1)(2) |
|
$ |
470,129 |
|
|
$ |
448,303 |
|
|
$ |
489,302 |
|
|
$ |
631,557 |
|
|
Net income (4) |
|
$ |
25,695 |
|
|
$ |
10,900 |
|
|
$ |
15,116 |
|
|
$ |
98,771 |
|
|
Net income per share—basic(5): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stockholders |
|
$ |
0.34 |
|
|
$ |
0.14 |
|
|
$ |
0.20 |
|
|
$ |
1.37 |
|
|
Net income per share—diluted(5): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stockholders |
|
$ |
0.34 |
|
|
$ |
0.14 |
|
|
$ |
0.20 |
|
|
$ |
1.35 |
|
|
|
|
(in thousands, except share data) |
|
|
Year ended January 31, 2015: |
|
Quarter Ended |
|
|
|
|
May 3,
2014 |
|
|
August 2,
2014 |
|
|
November 1,
2014 |
|
|
January 31,
2015 |
|
|
Net sales |
|
$ |
1,128,269 |
|
|
$ |
1,043,581 |
|
|
$ |
1,157,292 |
|
|
$ |
1,485,362 |
|
|
Gross margin(1)(2) |
|
$ |
429,808 |
|
|
$ |
398,554 |
|
|
$ |
458,702 |
|
|
$ |
626,621 |
|
|
Net income (loss)(3)(4) |
|
$ |
11,774 |
|
|
$ |
(6,470 |
) |
|
$ |
(34,214 |
) |
|
$ |
94,865 |
|
|
Net income (loss) per share—basic(5): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stockholders |
|
$ |
0.16 |
|
|
$ |
(0.09 |
) |
|
$ |
(0.46 |
) |
|
$ |
1.27 |
|
|
Net income (loss) per share—diluted(5): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stockholders |
|
$ |
0.16 |
|
|
$ |
(0.09 |
) |
|
$ |
(0.46 |
) |
|
$ |
1.24 |
|
|
(1) |
Gross margin is equal to net sales less cost of sales. |
|
(2) |
Gross margin for the quarterly period ended January 30, 2016 is inclusive of a loss related to inventory shrinkage adjustments of $3.5 million as a result of actual shrink being more than what the Company had estimated. Gross margin for the quarterly period ended January 31, 2015 is inclusive of gains related to inventory shrinkage adjustments of $10.0 million as a result of actual shrink being less than what the Company had estimated. |
|
(3) |
Net income (loss) for the quarter ended November 1, 2014 includes a loss of $70.3 million from the extinguishment of debt. Refer to Note 7, “Long Term Debt,” for additional details. |
|
(4) |
Net income for the quarters ended January 30, 2016 and January 31, 2015 includes $5.6 million and $9.3 million, respectively, of charges related to certain ongoing litigation matters. Refer to Note 17, “Commitments and Contingencies,” for discussion on the Company’s legal matters. |
|
(5) |
Quarterly income (loss) per share results may not equal full year amounts due to rounding. |
|