Quarterly Summary

12 Months Ended

Aug. 29, 2020

Quarterly Summary

Quarterly Summary

Note T – Quarterly Summary ⁽¹⁾

(Unaudited)

							Sixteen
	Twelve Weeks Ended						Weeks Ended
	November 23,		February 15,		May 9,		August 29,
(in thousands, except per share data)	2019		2020		2020		2020(2)
Net sales	$	2,793,038	$	2,513,663	$	2,779,299	$	4,545,968
Gross profit		1,501,068		1,366,063		1,490,648		2,412,975
Operating profit		500,023		407,938		491,673		1,018,045
Income before income taxes		456,280		363,603		444,223		952,407
Net income		350,338		299,282		342,896		740,457
Basic earnings per share		14.67		12.70		14.66		31.67
Diluted earnings per share		14.30		12.39		14.39		30.93

							Seventeen
	Twelve Weeks Ended						Weeks Ended
	November 17,		February 9,		May 4,		August 31,
(in thousands, except per share data)	2018		2019		2019		2019(2)
Net sales	$	2,641,733	$	2,450,568	$	2,783,006	$	3,988,435
Gross profit		1,417,474		1,325,107		1,492,020		2,130,400
Operating profit		487,818		400,020		547,523		780,775
Income before income taxes		448,812		358,658		504,284		719,578
Net income(3)		351,406		294,638		405,949		565,228
Basic earnings per share		13.71		11.71		16.35		23.15
Diluted earnings per share		13.47		11.49		15.99		22.59

(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 full year is based on the annual weighted average shares outstanding.

(2) The fourth quarter for fiscal 2020 is based on a 16-week period while fiscal 2019 is based on a 17-week period. All other quarters presented are based on a 12-week period.