Selected quarterly and annual operating results are as follows:



	13 Weeks Ended		13 Weeks Ended (2)		13 Weeks Ended (3)		13 Weeks Ended (4)		52 Weeks Ended (4)
($ in millions except per share amounts)	April 30, 2016		July 30, 2016		October 29, 2016		January 28, 2017		January 28, 2017 (fiscal 2016)
Net sales	$	3,438	$	3,851	$	3,798	$	4,429	$	15,516
Gross profit	$	1,209	$	1,437	$	1,493	$	1,501	$	5,640
Net income	$	127	$	125	$	204	$	220	$	676
Earnings per share—basic (1)	$	0.32	$	0.31	$	0.51	$	0.55	$	1.69
Earnings per share—diluted (1)	$	0.32	$	0.31	$	0.51	$	0.55	$	1.69

	13 Weeks Ended		13 Weeks Ended (5)		13 Weeks Ended (6)		13 Weeks Ended (7)		52 Weeks Ended (8)
($ in millions except per share amounts)	May 2, 2015		August 1, 2015		October 31, 2015		January 30, 2016		January 30, 2016 (fiscal 2015)
Net sales	$	3,657	$	3,898	$	3,857	$	4,385	$	15,797
Gross profit	$	1,382	$	1,458	$	1,440	$	1,440	$	5,720
Net income	$	239	$	219	$	248	$	214	$	920
Earnings per share—basic (1)	$	0.57	$	0.53	$	0.61	$	0.54	$	2.24
Earnings per share—diluted (1)	$	0.56	$	0.52	$	0.61	$	0.53	$	2.23

__________


(1)	Earnings per share ("EPS") was computed individually for each of the periods presented; therefore, the sum of the EPS for the quarters may not equal the total for the year.


(2)	During the second quarter of fiscal 2016, the Company incurred $150 million in restructuring costs on a pre-tax basis, of which $15 million was recorded in costs of goods sold and occupancy expenses. The impact of the restructuring costs to diluted EPS was $0.29.


(3)	During the third quarter of fiscal 2016, the Company incurred $29 million in restructuring costs on a pre-tax basis, of which $7 million of credit, net, was recorded in cost of goods sold and occupancy expenses. The impact of the restructuring costs to diluted EPS was $0.09.

(4)

During the fourth quarter of fiscal 2016, the Company incurred $18 million in restructuring costs on a pre-tax basis, of which $8 million of credit, net, was recorded in cost of goods sold and occupancy expenses. The impact of the restructuring costs to diluted EPS was $0.04 for the fourth quarter of fiscal 2016. During fiscal 2016, the Company incurred $197 million in restructuring costs on a pre-tax basis which was recorded in operating expenses. The impact of the restructuring costs to diluted EPS was $0.41 for fiscal 2016. During the fourth quarter of fiscal 2016, the Company recorded a non-tax deductible goodwill impairment charge of $71 million, or $0.18 impact to diluted EPS, related to Intermix. During the fourth quarter of fiscal 2016, the Company recorded a $73 million gain from insurance proceeds related to the fire that occurred at a Company-owned distribution center campus in Fishkill, New York. The impact of the gain from insurance proceeds to diluted EPS was an $0.11 benefit. The Company recognized a tax benefit of approximately $57 million as a result of a legal structure realignment in the fourth quarter of fiscal 2016, which was about a $0.15 benefit to diluted EPS.


(5)	During the second quarter of fiscal 2015, the Company incurred $83 million of charges related to strategic actions, on a pre-tax basis, of which $12 million was recorded in costs of goods sold and occupancy expenses. The impact of the strategic actions to diluted EPS was $0.12.


(6)	During the third quarter of fiscal 2015, the Company incurred $13 million of charges related to strategic actions, on a pre-tax basis, of which $6 million was recorded in cost of goods sold and occupancy expenses. The impact of the strategic actions to diluted EPS was $0.02.


(7)	During the fourth quarter of fiscal 2015, the Company incurred $25 million of charges related to strategic actions, on a pre-tax basis, of which $6 million was recorded in cost of goods sold and occupancy expenses. The impact of the strategic actions to diluted EPS was $0.04.


(8)	During fiscal 2015, the Company incurred $132 million of charges related to strategic actions, on a pre-tax basis, of which $34 million was recorded in cost of goods sold and occupancy expenses. The impact of the strategic actions to diluted EPS was $0.20.