QUARTERLY INFORMATION (unaudited)

12 Months Ended

Feb. 27, 2021

Quarterly Financial Information Disclosure [Abstract]

The summarized quarterly financial data presented below reflects all adjustments, which in the opinion of management, are of a normal and recurring nature and are necessary for a fair statement of the results for the interim periods presented (in millions, except per share data):


	Fiscal 2020
	52 Weeks		Last 12 Weeks		Third 12 Weeks		Second 12 Weeks		First 16 Weeks
Net sales and other revenue	$	69,690.4	$	15,772.3	$	15,408.9	$	15,757.6	$	22,751.6
Gross profit	20,414.5		4,559.5		4,508.6		4,574.9		6,771.5
Operating income (loss)	1,617.5		(174.8)		258.5		562.0		971.8
Income (loss) before income taxes	1,128.7		(208.3)		153.2		395.7		788.1
Income tax expense (benefit)	278.5		(64.1)		29.5		111.2		201.9
Net income (loss)	$	850.2	$	(144.2)	$	123.7	$	284.5	$	586.2
Basic net income (loss) per Class A common share	$	1.53	$	(0.37)	$	0.21	$	0.52	$	1.03
Diluted net income (loss) per Class A common share	$	1.47	$	(0.37)	$	0.20	$	0.49	$	1.00

Results of operations for fiscal 2020 includes the Company's $607.2 million charge related to the Combined Plan withdrawal in the fourth quarter of fiscal 2020 and the $285.7 million charge related to the UFCW National Fund withdrawal in the third quarter of fiscal 2020.


	Fiscal 2019
	53 Weeks		Last 13 Weeks		Third 12 Weeks		Second 12 Weeks		First 16 Weeks
Net sales and other revenue	$	62,455.1	$	15,436.8	$	14,103.2	$	14,176.7	$	18,738.4
Gross profit	17,594.2		4,418.0		3,995.1		3,941.5		5,239.6
Operating income	1,437.1		326.6		206.6		582.4		321.5
Income before income taxes	599.2		90.1		67.7		376.7		64.7
Income tax expense	132.8		22.3		12.9		81.9		15.7
Net income	$	466.4	$	67.8	$	54.8	$	294.8	$	49.0
Basic and diluted net income per Class A common share	$	0.80	$	0.12	$	0.09	$	0.51	$	0.08

Results of operations for the second quarter of fiscal 2019 includes the Company's $463.6 million net gain related to three separate sale leaseback transactions, which is included as a component of Gain on property dispositions and impairment losses, net.