Annual report pursuant to Section 13 and 15(d)

Selected quarterly financial data (unaudited) (Tables)

v3.21.1
Selected quarterly financial data (unaudited) (Tables)
12 Months Ended
Jan. 30, 2021
Selected quarterly financial data (unaudited)  
Schedule of unaudited quarterly results of operations

Fiscal 2020

(In thousands, except per share data)

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

Net sales

$

1,173,210

$

1,228,009

$

1,552,033

$

2,198,701

Cost of sales

869,605

899,002

1,006,514

1,427,673

Gross profit

303,605

329,007

545,519

771,028

Selling, general and administrative expenses

380,912

271,587

416,378

514,140

Impairment, restructuring and other costs

19,542

40,758

23,624

30,398

Pre-opening expenses

4,635

3,907

4,240

2,218

Operating income (loss)

(101,484)

12,755

101,277

224,272

Interest expense, net

1,272

2,617

1,383

463

Income (loss) before income taxes

(102,756)

10,138

99,894

223,809

Income tax expense (benefit)

(24,247)

2,086

25,096

52,315

Net income (loss)

$

(78,509)

$

8,052

$

74,798

$

171,494

Net income (loss) per common share:

Basic

$

(1.39)

$

0.14

$

1.33

$

3.04

Diluted

$

(1.39)

$

0.14

$

1.32

$

3.03

Fiscal 2019

(In thousands, except per share data)

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

Net sales

$

1,743,029

$

1,666,607

$

1,682,514

$

2,305,918

Cost of sales

1,098,182

1,060,708

1,059,081

1,499,033

Gross profit

644,847

605,899

623,433

806,885

Selling, general and administrative expenses

403,133

392,843

449,198

515,542

Pre-opening expenses

4,174

5,038

6,455

3,587

Operating income

237,540

208,018

167,780

287,756

Interest income, net

(2,046)

(1,671)

(900)

(439)

Income before income taxes

239,586

209,689

168,680

288,195

Income tax expense

47,365

48,431

38,933

65,476

Net income

$

192,221

$

161,258

$

129,747

$

222,719

Net income per common share:

Basic

$

3.28

$

2.77

$

2.25

$

3.91

Diluted

$

3.26

$

2.76

$

2.25

$

3.89