Annual report pursuant to Section 13 and 15(d)

Quarterly Results (unaudited)

v2.4.0.6
Quarterly Results (unaudited)
12 Months Ended
Feb. 02, 2013
Quarterly Financial Data [Abstract]  
Quarterly Results (unaudited)
Quarterly Results (unaudited)
Unaudited quarterly results for the last two years were as follows:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(millions, except per share data)
2012:
 
 
 
 
 
 
 
Net sales
$
6,143

 
$
6,118

 
$
6,075

 
$
9,350

Cost of sales
(3,757
)
 
(3,555
)
 
(3,672
)
 
(5,554
)
Gross margin
2,386

 
2,563

 
2,403

 
3,796

Selling, general and administrative expenses
(1,995
)
 
(2,009
)
 
(2,078
)
 
(2,400
)
Impairments, store closing costs and
gain on sale of leases

 

 

 
(5
)
Net income
181

 
279

 
145

 
730

Basic earnings per share
.43

 
.68

 
.36

 
1.86

Diluted earnings per share
.43

 
.67

 
.36

 
1.83

2011:
 
 
 
 
 
 
 
Net sales
$
5,889

 
$
5,939

 
$
5,853

 
$
8,724

Cost of sales
(3,586
)
 
(3,457
)
 
(3,544
)
 
(5,151
)
Gross margin
2,303

 
2,482

 
2,309

 
3,573

Selling, general and administrative expenses
(1,973
)
 
(1,976
)
 
(2,018
)
 
(2,314
)
Impairments, store closing costs and
gain on sale of leases

 

 

 
25

Net income
131

 
241

 
139

 
745

Basic earnings per share
.31

 
.56

 
.33

 
1.77

Diluted earnings per share
.30

 
.55

 
.32

 
1.74