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Selected Quarterly Data (Unaudited)
 12 Months Ended
Jan. 28, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Data (Unaudited)
NOTE 16: SELECTED QUARTERLY DATA1 (UNAUDITED)
 
1st Quarter

 
2nd Quarter

 
3rd Quarter

 
4th Quarter

 
Total

Fiscal year 2016
 
 
 
 
 
 
 
 
 
Net sales

$3,192

 

$3,592

 

$3,472

 

$4,243

 

$14,498

Comparable sales (decrease) increase2
(1.7
%)
 
(1.2
%)
 
2.4
%
 
(0.9
%)
 
(0.4
%)
Credit card revenues, net
57

 
59

 
70

 
73

 
259

Gross profit
1,092

 
1,233

 
1,211

 
1,523

 
5,058

Selling, general and administrative expenses
(1,043
)
 
(1,071
)
 
(1,029
)
 
(1,172
)
 
(4,315
)
Goodwill impairment
—

 
—

 
(197
)
 
—

 
(197
)
Earnings before interest and income taxes
106

 
221

 
55

 
424

 
805

Net earnings (loss)
46

 
117

 
(10
)
 
201

 
354

Earnings (Loss) per basic share

$0.27

 

$0.67

 

($0.06
)
 

$1.17

 

$2.05

Earnings (Loss) per diluted share3

$0.26

 

$0.67

 

($0.06
)
 

$1.15

 

$2.02

 
 
 
 
 
 
 
 
 
 
Fiscal year 2015
 
 
 
 
 
 
 
 
 
Net sales

$3,115

 

$3,598

 

$3,239

 

$4,143

 

$14,095

Comparable sales increase
4.4
%
 
4.9
%
 
0.9
%
 
1.0
%
 
2.7
%
Credit card revenues, net4
100

 
103

 
89

 
51

 
342

Gross profit
1,116

 
1,271

 
1,097

 
1,443

 
4,927

Selling, general and administrative expenses
(971
)
 
(997
)
 
(1,031
)
 
(1,170
)
 
(4,168
)
Earnings before interest and income taxes
245

 
377

 
155

 
324

 
1,101

Net earnings
128

 
211

 
81

 
180

 
600

Earnings per basic share

$0.67

 

$1.11

 

$0.43

 

$1.01

 

$3.22

Earnings per diluted share

$0.66

 

$1.09

 

$0.42

 

$1.00

 

$3.15

1 Quarterly totals may not foot across due to rounding.
2 One week of the Anniversary Sale, historically our largest event of the year, shifted into the third quarter. Combined second and third quarter comparable sales, which removes the impact of the event shift, increased 0.4% compared with the same period last year.
3 Due to the anti-dilutive effect resulting from the reported net loss in the third quarter of 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for all other periods in 2016.
4 On October 1, 2015, we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio to TD (see Note 2: Credit Card Receivable Transaction).