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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2025
Feb. 04, 2024
Jan. 29, 2023
Total revenue [1],[2],[3],[4] $ 8,652.9 $ 9,217.7 $ 9,024.2
Cost of goods sold 3,510.4 [5] 3,854.5 [6] 3,901.3 [7]
Gross profit 5,142.5 5,363.2 5,122.9
Selling, general and administrative expenses 4,411.3 4,542.6 4,377.4
Goodwill impairment 0.0 0.0 417.1
Non-service related pension and postretirement (cost) income (26.6) 47.2 91.9
Other gain 19.5 15.3 0.0
Income (Loss) from Equity Method Investments 48.2 45.7 50.4
Income before interest and taxes 772.3 928.8 470.7
Interest expense 89.8 99.3 89.6
Interest income 23.2 11.5 7.1
Income before taxes 705.7 841.0 388.2
Income tax expense 107.2 177.4 187.8
Net income $ 598.5 $ 663.6 $ 200.4
Basic net income per common share $ 10.69 $ 10.88 $ 3.05
Diluted net income per common share $ 10.56 $ 10.76 $ 3.03
Net sales      
Total revenue $ 8,203.1 $ 8,751.8 $ 8,544.9
Royalty revenue      
Total revenue 361.2 368.2 372.0
Advertising and other revenue      
Total revenue $ 88.6 $ 97.7 $ 107.3
[1] No single customer accounted for more than 5% of the Company’s revenue in 2024, 2023 or 2022.
[2] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[3] Domestic revenue in 2023 and 2024 was negatively impacted by the Heritage Brands intimates transaction. Please see Note 3, “Divestitures,” for further discussion.
[4] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[5] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[6] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[7] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.