XML 59 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Summary (Tables)
12 Months Ended
Aug. 25, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Summary

 

     Twelve Weeks Ended      Sixteen
Weeks Ended
 
(in thousands, except per share data)    November 18,
2017
     February 10,
2018(3)(5)
    

May 5,

2018(5)

     August 25,
2018(2)(4)(5)
 

Net sales

   $ 2,589,131      $ 2,413,026      $ 2,660,152      $ 3,558,769  

Gross profit

     1,365,848        1,277,046        1,422,974        1,907,879  

Operating profit

     468,754        205,098        545,765        591,239  

Income before income taxes

     429,865        165,758        503,807        536,899  

Net income

     281,003        289,530        366,721        400,282  

Basic earnings per share

     10.17        10.58        13.62        15.27  

Diluted earnings per share

     10.00        10.38        13.42        15.02  
     Twelve Weeks Ended      Sixteen
Weeks Ended
 
(in thousands, except per share data)    November 19,
2016
     February 11,
2017
    

May 6,

2017

     August 26,
2017(2)
 

Net sales

   $ 2,467,845      $ 2,289,219      $ 2,619,007      $ 3,512,605  

Gross profit

     1,301,542        1,205,536        1,378,418        1,854,125  

Operating profit

     458,902        383,969        529,570        707,628  

Income before income taxes

     425,596        349,771        493,895        656,227  

Net income

     278,125        237,145        331,700        433,899  

Basic earnings per share

     9.61        8.28        11.70        15.52  

Diluted earnings per share

     9.36        8.08        11.44        15.27  

 

(1)

The sum of quarterly amounts may not equal the annual amounts reported due to rounding. In addition, the earnings per share amounts are computed independently for each quarter while the full year is based on the annual weighted average shares outstanding.

(2)

The fourth quarter for fiscal 2018 and fiscal 2017 are based on a 16-week period. All other quarters presented are based on a 12-weekperiod.

(3)

The second quarter of fiscal 2018 includes impairment charges of $193.2 million. See “Note M – Sale of Assets.”

(4)

The fourth quarter of fiscal 2018 includes pension termination charges of $130.3 million. See “Note L - Pension and Savings Plans.”

(5)

Net income of the second, third and fourth quarter of fiscal 2018 benefitted from changes due to Tax Reform. See “Note D – Income Taxes.”