| 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 |
|