Bed, Bath and Beyond 2015 Annual Report Download - page 79

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Consolidated Statements of Earnings
Bed Bath & Beyond Inc. and Subsidiaries
FISCAL YEAR ENDED
(in thousands, except per share data)
February 27,
2016
February 28,
2015
March 1,
2014
Net sales $12,103,887 $11,881,176 $11,503,963
Cost of sales 7,483,577 7,261,397 6,938,381
Gross profit 4,620,310 4,619,779 4,565,582
Selling, general and administrative expenses 3,205,407 3,065,486 2,950,995
Operating profit 1,414,903 1,554,293 1,614,587
Interest expense, net 87,458 50,458 1,140
Earnings before provision for income taxes 1,327,445 1,503,835 1,613,447
Provision for income taxes 485,956 546,361 591,157
Net earnings $ 841,489 $ 957,474 $ 1,022,290
Net earnings per share – Basic $ 5.15 $ 5.13 $ 4.85
Net earnings per share – Diluted $ 5.10 $ 5.07 $ 4.79
Weighted average shares outstanding – Basic 163,257 186,659 210,710
Weighted average shares outstanding – Diluted 165,016 188,880 213,363
See accompanying Notes to Consolidated Financial Statements.
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