Schedule of unaudited quarterly results of operations |
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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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Fiscal 2018 |
(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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$ |
1,543,667 |
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$ |
1,488,221 |
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$ |
1,560,011 |
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$ |
2,124,716 |
Cost of sales |
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982,954 |
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952,760 |
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|
987,733 |
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1,383,857 |
Gross profit |
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560,713 |
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535,461 |
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572,278 |
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740,859 |
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Selling, general and administrative expenses |
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345,624 |
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337,142 |
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395,453 |
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457,245 |
Pre-opening expenses |
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5,247 |
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4,504 |
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7,612 |
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2,404 |
Operating income |
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209,842 |
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193,815 |
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169,213 |
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|
281,210 |
Interest income, net |
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(1,325) |
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(1,143) |
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(1,318) |
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(1,275) |
Income before income taxes |
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211,167 |
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194,958 |
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170,531 |
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|
282,485 |
Income tax expense |
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|
46,771 |
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|
46,635 |
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39,365 |
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|
67,811 |
Net income |
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$ |
164,396 |
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$ |
148,323 |
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$ |
131,166 |
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$ |
214,674 |
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Net income per common share: |
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Basic |
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$ |
2.71 |
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$ |
2.47 |
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$ |
2.20 |
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$ |
3.64 |
Diluted |
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$ |
2.70 |
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$ |
2.46 |
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$ |
2.18 |
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$ |
3.61 |
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