Bed, Bath and Beyond 2010 Annual Report Download - page 16

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BED BATH & BEYOND 2010 ANNUAL REPORT
14
FISCAL YEAR ENDED
February 26, February 27, February 28,
(in thousands, except per share data) 2011 2010 2009
Net sales $ 8,758,503 $ 7,828,793 $ 7,208,340
Cost of sales 5,135,574 4,620,674 4,335,104
Gross profit 3,622,929 3,208,119 2,873,236
Selling, general and administrative expenses 2,334,471 2,227,432 2,199,340
Operating profit 1,288,458 980,687 673,896
Interest income 4,520 4,568 9,412
Earnings before provision for income taxes 1,292,978 985,255 683,308
Provision for income taxes 501,645 385,222 258,185
Net earnings $ 791,333 $ 600,033 $ 425,123
Net earnings per share – Basic $ 3.11 $ 2.33 $ 1.66
Net earnings per share – Diluted $ 3.07 $ 2.30 $ 1.64
Weighted average shares outstanding – Basic 254,297 257,755 256,410
Weighted average shares outstanding – Diluted 258,079 260,375 258,619
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF EARNINGS
Bed Bath & Beyond Inc. and Subsidiaries