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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 26, 2017
Aug. 27, 2016
Aug. 26, 2017
Aug. 27, 2016
Net sales $ 2,936,357 $ 2,988,235 $ 5,678,498 $ 5,726,319
Cost of sales 1,867,798 1,871,342 3,609,824 3,585,834
Gross profit 1,068,559 1,116,893 2,068,674 2,140,485
Selling, general and administrative expenses 899,712 835,920 1,752,816 1,646,486
Operating profit 168,847 280,973 315,858 493,999
Interest expense, net 19,166 18,199 35,746 34,514
Earnings before provision for income taxes 149,681 262,774 280,112 459,485
Provision for income taxes 55,451 95,439 110,599 169,531
Net earnings $ 94,230 $ 167,335 $ 169,513 $ 289,954
Net earnings per share - Basic (in dollars per share) $ 0.67 $ 1.12 $ 1.21 $ 1.92
Net earnings per share - Diluted (in dollars per share) $ 0.67 $ 1.11 $ 1.20 $ 1.91
Weighted average shares outstanding - Basic (in shares) 139,868 149,725 140,599 150,941
Weighted average shares outstanding - Diluted (in shares) 140,211 150,515 141,176 152,133
Dividends declared per share (in dollars per share) $ 0.15 $ 0.125 $ 0.30 $ 0.25