Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL INFORMATION (Unaudited)

v2.4.0.8
QUARTERLY FINANCIAL INFORMATION (Unaudited)
 12 Months Ended
Feb. 01, 2014
QUARTERLY FINANCIAL INFORMATION [Abstract]  
QUARTERLY FINANCIAL INFORMATION (Unaudited)
QUARTERLY FINANCIAL INFORMATION (Unaudited)
The following table sets forth certain items from the Company's unaudited consolidated statements of operations for each quarter of fiscal year 2013 and 2012.  The unaudited information has been prepared on the same basis as the audited consolidated financial statements appearing elsewhere in this report and includes all adjustments, consisting only of normal recurring adjustments, which management considers necessary for a fair presentation of the financial data shown.  The operating results for any quarter are not necessarily indicative of results for a full year or for any future period.
(dollars in millions, except diluted net income per share data)
 
First
Quarter (1)
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (2)
Fiscal 2013:
 
 
 
 
 
 
 
 
Net sales
 
$
1,865.8

 
$
1,854.9

 
$
1,884.7

 
$
2,234.9

Gross profit
 
$
656.0

 
$
648.7

 
$
659.9

 
$
825.2

Operating income
 
$
216.6

 
$
201.3

 
$
204.3

 
$
348.2

Net income
 
$
133.5

 
$
124.7

 
$
125.4

 
$
213.0

Diluted net income per share
 
$
0.59

 
$
0.56

 
$
0.58

 
$
1.02

Stores open at end of quarter
 
4,763

 
4,842

 
4,953

 
4,992

Comparable store net sales change
 
2.1
%
 
3.7
%
 
3.1
%
 
1.2
%
Fiscal 2012:
 
 

 
 

 
 

 
 

Net sales
 
$
1,723.6

 
$
1,704.6

 
$
1,720.5

 
$
2,245.8

Gross profit
 
$
602.7

 
$
599.6

 
$
599.6

 
$
850.7

Operating income
 
$
188.0

 
$
184.4

 
$
184.2

 
$
363.5

Net income
 
$
116.1

 
$
119.2

 
$
155.4

 
$
228.6

Diluted net income per share
 
$
0.50

 
$
0.51

 
$
0.68

 
$
1.01

Stores open at end of quarter
 
4,451

 
4,523

 
4,630

 
4,671

Comparable store net sales change
 
5.6
%
 
4.5
%
 
1.6
%
 
2.4
%

(1) Easter was observed on March 31, 2013 and April 8, 2012
(2) Fiscal 2013 contains 13 weeks ended February 1, 2014 while Fiscal 2012 contains 14 weeks ended February 2, 2013