Bed, Bath and Beyond 2011 Annual Report Download - page 17

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BED BATH & BEYOND 2011 ANNUAL REPORT
15
FISCAL YEAR ENDED
February 25, February 26, February 27,
(in thousands, except per share data) 2012 2011 2010
Net sales $ 9,499,890 $ 8,758,503 $ 7,828,793
Cost of sales 5,568,957 5,135,574 4,620,674
Gross profit 3,930,933 3,622,929 3,208,119
Selling, general and administrative expenses 2,362,564 2,334,471 2,227,432
Operating profit 1,568,369 1,288,458 980,687
Interest income, net 1,119 4,520 4,568
Earnings before provision for income taxes 1,569,488 1,292,978 985,255
Provision for income taxes 579,951 501,645 385,222
Net earnings $ 989,537 $ 791,333 $ 600,033
Net earnings per share – Basic $ 4.12 $ 3.11 $ 2.33
Net earnings per share – Diluted $ 4.06 $ 3.07 $ 2.30
Weighted average shares outstanding – Basic 240,016 254,297 257,755
Weighted average shares outstanding – Diluted 243,890 258,079 260,375
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF EARNINGS
Bed Bath & Beyond Inc. and Subsidiaries