Annual report pursuant to Section 13 and 15(d)

Quarterly Results (unaudited)

v2.4.0.6
Quarterly Results (unaudited)
12 Months Ended
Jan. 28, 2012
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)
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
)
Gain on sale of properties, impairments, store closing costs and division consolidation costs

 

 

 
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

2010:
 
 
 
 
 
 
 
Net sales
$
5,574

 
$
5,537

 
$
5,623

 
$
8,269

Cost of sales
(3,378
)
 
(3,214
)
 
(3,377
)
 
(4,855
)
Gross margin
2,196

 
2,323

 
2,246

 
3,414

Selling, general and administrative expenses
(1,993
)
 
(1,953
)
 
(2,069
)
 
(2,245
)
Gain on sale of properties, impairments, store closing costs and division consolidation costs

 

 

 
(25
)
Net income
23

 
147

 
10

 
667

Basic earnings per share
.05

 
.35

 
.02

 
1.57

Diluted earnings per share
.05

 
.35

 
.02

 
1.55