Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2020

Summarized quarterly financial information for fiscal 2019 and 2018 is presented in the tables below.

Year ended February 1, 2020:






	Quarter Ended
($000, except per share data)	May 4, 2019		August 3, 2019		November 2, 2019		February 1, 2020
Sales	$	3,796,642	$	3,979,869	$	3,849,117	$	4,413,445

Cost of goods sold	2,701,668		2,843,850		2,766,432		3,224,237
Selling, general and administrative	558,250		591,970		604,605		601,879
Interest income, net	(5,635)		(4,782)		(4,402)		(3,287)
Total costs and expenses	3,254,283		3,431,038		3,366,635		3,822,829
Earnings before taxes	542,359		548,831		482,482		590,616
Provision for taxes on earnings	121,217		136,110		111,550		134,483
Net earnings	$	421,142	$	412,721	$	370,932	$	456,133


Earnings per share – basic¹	$	1.16	$	1.15	$	1.04	$	1.29	²
Earnings per share – diluted¹	$	1.15	$	1.14	$	1.03	$	1.28	²
Cash dividends declared per share
on common stock	$	0.255	$	0.255	$	0.255	$	0.255


¹			EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²			Includes a per share benefit of approximately $0.02 primarily related to the favorable resolution of a tax matter.

Year ended February 2, 2019:


	Quarter Ended
($000, except per share data)	May 5, 2018		August 4, 2018		November 3, 2018		February 2, 2019
Sales	$	3,588,619	$	3,737,926	$	3,549,608	$	4,107,388

Cost of goods sold	2,522,219		2,666,983		2,547,331		2,989,744
Selling, general and administrative	524,423		554,581		561,577		575,969
Interest income, net	(503)		(1,393)		(2,953)		(5,313)
Total costs and expenses	3,046,139		3,220,171		3,105,955		3,560,400
Earnings before taxes	542,480		517,755		443,653		546,988
Provision for taxes on earnings	124,228		128,351		105,545		105,295
Net earnings	$	418,252	$	389,404	$	338,108	$	441,693


Earnings per share – basic¹	$	1.12	$	1.05	$	0.92	$	1.21	²
Earnings per share – diluted¹	$	1.11	$	1.04	$	0.91	$	1.20	²
Cash dividends declared per share
on common stock	$	0.225	$	0.225	$	0.225	$	0.225


¹			EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²			Includes a per share benefit of approximately $0.07 from the favorable resolution of a tax matter.