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Quarterly Financial Data (Unaudited)
 12 Months Ended
Feb. 03, 2018
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
Summarized quarterly financial information for fiscal 2017 and 2016 is presented in the tables below.
Year ended February 3, 2018:
 
 
Quarter Ended
 
($000, except per share data)
 
April 29, 2017

 
July 29, 2017

 
October 28, 2017

 
February 3, 2018

Sales
 
$
3,306,429

 
$
3,431,603

 
$
3,328,894

 
$
4,067,806

 
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
 
2,329,966

 
2,420,942

 
2,369,148

 
2,922,582

 
Selling, general and administrative
 
474,819

 
498,276

 
517,297

 
553,306

 
Interest expense, net
 
3,169

 
2,341

 
1,780

 
386

 
Total costs and expenses
 
2,807,954

 
2,921,559

 
2,888,225

 
3,476,274

 
Earnings before taxes
 
498,475

 
510,044

 
440,669

 
591,532

 
Provision for taxes on earnings
 
177,457

 
193,505

 
166,220

 
140,785

 
Net earnings
 
$
321,018

 
$
316,539

 
$
274,449

 
$
450,747

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share – basic1
 
$
0.83

 
$
0.83

 
$
0.72

 
$
1.20

²
Earnings per share – diluted1
 
$
0.82

 
$
0.82

 
$
0.72

 
$
1.19

²
Cash dividends declared per share
 
 
 
 
 
 
 
 
 
on common stock
 
$
0.1600

 
$
0.1600

 
$
0.1600

 
$
0.1600

 
Stock price
 
 
 
 
 
 
 
 
 
High
 
$
69.15

 
$
66.05

 
$
65.99

 
$
85.46

 
Low
 
$
62.53

 
$
53.07

 
$
53.03

 
$
63.42

 

¹
EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.
²
Includes a per share benefit of approximately $0.21 from tax reform legislation enacted in December 2017 and $0.10 from the 53rd week.


Year ended January 28, 2017:
 
 
Quarter Ended
 
($000, except per share data)
 
April 30, 2016

 
July 30, 2016

 
October 29, 2016

 
January 28, 2017

 
Sales
 
$
3,088,995

 
$
3,180,917

 
$
3,086,687

 
$
3,510,158

 
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
 
2,176,205

 
2,251,845

 
2,206,092

 
2,539,563

 
Selling, general and administrative
 
436,924

 
469,511

 
490,171

 
493,802

 
Interest expense, net
 
4,364

 
4,213

 
4,156

 
3,755

 
Total costs and expenses
 
2,617,493

 
2,725,569

 
2,700,419

 
3,037,120

 
Earnings before taxes
 
471,502

 
455,348

 
386,268

 
473,038

 
Provision for taxes on earnings
 
180,868

 
173,442

 
141,722

 
172,470

 
Net earnings
 
$
290,634

 
$
281,906

 
$
244,546

 
$
300,568

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share – basic1
 
$
0.73

 
$
0.72

 
$
0.63

 
$
0.77

 
Earnings per share – diluted1
 
$
0.73

 
$
0.71

 
$
0.62

 
$
0.77

 
Cash dividends declared per share
 
 
 
 
 
 
 
 
 
on common stock
 
$
0.1350

 
$
0.1350

 
$
0.1350

 
$
0.1350

 
Stock price
 
 
 
 
 
 
 
 
 
High
 
$
59.30

 
$
61.98

 
$
65.06

 
$
69.53

 
Low
 
$
52.56

 
$
52.34

 
$
60.68

 
$
61.28

 
¹
EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding.