Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jan. 30, 2021

Summarized quarterly financial information for fiscal 2020 and 2019 is presented in the tables below.

Year ended January 30, 2021:






	Quarter Ended
($000, except per share data)	May 2, 2020		August 1, 2020		October 31, 2020			January 30, 2021
Sales	$	1,842,673	$	2,684,712	$	3,754,509		$	4,249,671

Cost of goods sold	1,889,991		2,080,120		2,711,419			3,157,044
Selling, general and administrative	415,305		519,495		877,857			690,624
Interest expense, net	6,666		28,855		28,740			19,152
Total costs and expenses	2,311,962		2,628,470		3,618,016			3,866,820
(Loss) earnings before taxes	(469,289)		56,242		136,493			382,851
(Benefit) provision for taxes on (loss) earnings	(163,447)		34,195		5,296			144,871
Net (loss) earnings	$	(305,842)	$	22,047	$	131,197		$	237,980


(Loss) earnings per share – basic1	$	(0.87)	$	0.06	$	0.37	3	$	0.67
(Loss) earnings per share – diluted1	$	(0.87)	$	0.06	$	0.37	3	$	0.67
Cash dividends declared per share
on common stock2	$	0.285	$	—	$	—		$	—


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			In May 2020, the Company temporarily suspended its quarterly dividends, due to the economic uncertainty stemming from the COVID-19 pandemic.
3			Includes a per share charge of approximately $0.65 primarily related to the long-term debt refinancing.

Year ended February 1, 2020:


	Quarter Ended
($000, except per share data)	May 4, 2019		August 3, 2019		November 2, 2019		February 1, 2020
Sales	$	3,796,642	$	3,979,869	$	3,849,117	$	4,413,445

Cost of goods sold	2,701,668		2,843,850		2,766,432		3,224,237
Selling, general and administrative	558,250		591,970		604,605		601,879
Interest income, net	(5,635)		(4,782)		(4,402)		(3,287)
Total costs and expenses	3,254,283		3,431,038		3,366,635		3,822,829
Earnings before taxes	542,359		548,831		482,482		590,616
Provision for taxes on earnings	121,217		136,110		111,550		134,483
Net earnings	$	421,142	$	412,721	$	370,932	$	456,133


Earnings per share – basic1	$	1.16	$	1.15	$	1.04	$	1.29	²
Earnings per share – diluted1	$	1.15	$	1.14	$	1.03	$	1.28	²
Cash dividends declared per share
on common stock	$	0.255	$	0.255	$	0.255	$	0.255


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 $0.02 from the favorable resolution of a tax matter.