Schedule of unaudited quarterly results of operations |
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Fiscal 2020 |
(In thousands, except per share data) |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Net sales |
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$ |
1,173,210 |
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$ |
1,228,009 |
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$ |
1,552,033 |
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$ |
2,198,701 |
Cost of sales |
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869,605 |
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899,002 |
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1,006,514 |
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1,427,673 |
Gross profit |
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303,605 |
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329,007 |
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545,519 |
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771,028 |
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Selling, general and administrative expenses |
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380,912 |
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271,587 |
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416,378 |
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514,140 |
Impairment, restructuring and other costs |
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19,542 |
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40,758 |
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23,624 |
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30,398 |
Pre-opening expenses |
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4,635 |
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3,907 |
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4,240 |
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2,218 |
Operating income (loss) |
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(101,484) |
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12,755 |
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101,277 |
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224,272 |
Interest expense, net |
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1,272 |
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2,617 |
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1,383 |
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463 |
Income (loss) before income taxes |
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(102,756) |
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10,138 |
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99,894 |
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223,809 |
Income tax expense (benefit) |
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(24,247) |
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2,086 |
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25,096 |
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52,315 |
Net income (loss) |
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$ |
(78,509) |
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$ |
8,052 |
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$ |
74,798 |
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$ |
171,494 |
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Net income (loss) per common share: |
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Basic |
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$ |
(1.39) |
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$ |
0.14 |
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$ |
1.33 |
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$ |
3.04 |
Diluted |
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$ |
(1.39) |
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$ |
0.14 |
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$ |
1.32 |
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$ |
3.03 |
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Fiscal 2019 |
(In thousands, except per share data) |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Net sales |
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$ |
1,743,029 |
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$ |
1,666,607 |
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$ |
1,682,514 |
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$ |
2,305,918 |
Cost of sales |
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1,098,182 |
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1,060,708 |
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1,059,081 |
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1,499,033 |
Gross profit |
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644,847 |
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605,899 |
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623,433 |
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806,885 |
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Selling, general and administrative expenses |
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403,133 |
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392,843 |
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449,198 |
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515,542 |
Pre-opening expenses |
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4,174 |
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5,038 |
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6,455 |
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3,587 |
Operating income |
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237,540 |
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208,018 |
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167,780 |
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287,756 |
Interest income, net |
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(2,046) |
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(1,671) |
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(900) |
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(439) |
Income before income taxes |
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239,586 |
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209,689 |
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168,680 |
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288,195 |
Income tax expense |
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47,365 |
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48,431 |
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38,933 |
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|
65,476 |
Net income |
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$ |
192,221 |
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$ |
161,258 |
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$ |
129,747 |
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$ |
222,719 |
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Net income per common share: |
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Basic |
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$ |
3.28 |
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$ |
2.77 |
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$ |
2.25 |
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$ |
3.91 |
Diluted |
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$ |
3.26 |
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$ |
2.76 |
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$ |
2.25 |
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$ |
3.89 |
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