Selected Quarterly Data (Unaudited) |
SELECTED QUARTERLY DATA1 (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | 1st Quarter |
| | 2nd Quarter |
| | 3rd Quarter |
| | 4th Quarter |
| | Total |
| Fiscal year 2015 | | | | | | | | | | Net sales |
| $3,115 |
| |
| $3,598 |
| |
| $3,239 |
| |
| $4,143 |
| |
| $14,095 |
| Comparable sales increase | 4.4 | % | | 4.9 | % | | 0.9 | % | | 1.0 | % | | 2.7 | % | Credit card revenues, net2 | 100 |
| | 103 |
| | 89 |
| | 51 |
| | 342 |
| Gross profit | 1,116 |
| | 1,271 |
| | 1,097 |
| | 1,443 |
| | 4,927 |
| Selling, general and administrative expenses3 | (971 | ) | | (997 | ) | | (1,031 | ) | | (1,170 | ) | | (4,168 | ) | Earnings before interest and income taxes | 245 |
| | 377 |
| | 155 |
| | 324 |
| | 1,101 |
| Net earnings | 128 |
| | 211 |
| | 81 |
| | 180 |
| | 600 |
| Earnings per basic share |
| $0.67 |
| |
| $1.11 |
| |
| $0.43 |
| |
| $1.01 |
| |
| $3.22 |
| Earnings per diluted share |
| $0.66 |
| |
| $1.09 |
| |
| $0.42 |
| |
| $1.00 |
| |
| $3.15 |
| | | | | | | | | | | Fiscal year 2014 | | | | | | | | | | Net sales |
| $2,837 |
| |
| $3,296 |
| |
| $3,040 |
| |
| $3,938 |
| |
| $13,110 |
| Comparable sales increase | 3.9 | % | | 3.3 | % | | 3.9 | % | | 4.7 | % | | 4.0 | % | Credit card revenues, net | 94 |
| | 96 |
| | 100 |
| | 105 |
| | 396 |
| Gross profit | 1,015 |
| | 1,166 |
| | 1,079 |
| | 1,444 |
| | 4,704 |
| Selling, general and administrative expenses | (844 | ) | | (931 | ) | | (917 | ) | | (1,084 | ) | | (3,777 | ) | Earnings before interest and income taxes | 265 |
| | 331 |
| | 262 |
| | 465 |
| | 1,323 |
| Net earnings | 140 |
| | 183 |
| | 142 |
| | 255 |
| | 720 |
| Earnings per basic share |
| $0.74 |
| |
| $0.97 |
| |
| $0.74 |
| |
| $1.35 |
| |
| $3.79 |
| Earnings per diluted share |
| $0.72 |
| |
| $0.95 |
| |
| $0.73 |
| |
| $1.32 |
| |
| $3.72 |
|
1 Quarterly totals may not foot across due to rounding. 2 On October 1, 2015, we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio (see Note 2: Credit Card Receivable Transaction). 3 Amounts reported for the second and third quarters include $51 and $(32) of credit transaction and other, net which was presented separately in the 2015 Form10-Q’s. These amounts are reflected here net for consistency and comparability with total selling, general and administrative expenses on the Consolidated Statement of Earnings.
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