DSW 2013 Annual Report Download - page 26

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Table of Contents

The following table represents selected components of our consolidated results of operations, expressed as percentages of net sales:
Fiscal years ended
February 1, 2014
February 2, 2013
January 28, 2012
Net sales
100.0 %
100.0 %
100.0 %
Cost of sales
(68.8)
(67.9)
(67.7)
Gross profit
31.2
32.1
32.3
Operating expenses
(21.0)
(21.3)
(22.2)
Change in fair value of derivative instruments
—
(0.3)
(2.6)
Operating profit
10.2
10.5
7.5
Interest income (expense), net
0.1
0.2
(0.5)
Income from continuing operations before income taxes
10.3
10.7
7.0
Income tax (provision) benefit
(3.9)
(4.2)
2.9
Income from continuing operations
6.4
6.5
9.9
Total income (loss) from discontinued operations, net of tax
—
0.1
(0.2)
Net income
6.4
6.6
9.7
Less: net income attributable to noncontrolling interests
—
—
(1.1)
Net income, net of noncontrolling interests
6.4 %
6.6 %
8.6 %
 
Net Sales. Net sales for fiscal 2013increased by 4.9% from fiscal 2012. The following table summarizes the increase in our net sales:
Fiscal year ended
February 1, 2014
(in millions)
Net sales for the fiscal year ended February 2, 2013 $2,257.8
Increase in comparable sales 4.0
Increase from luxury test sales 18.4
Net increase from non-comparable and closed store sales and 53rd week 88.5
Net sales for the fiscal year ended February 1, 2014 $2,368.7
The following table summarizes our net sales by reportable segment and in total:
Fiscal years ended
February 1, 2014
February 2, 2013
(in millions)
DSW segment $2,231.0
$2,125.3
Affiliated Business Group segment 137.7
132.5
Total DSW Inc. $2,368.7
$2,257.8
22
Source: DSW Inc., 10-K, March 27, 2014 Powered by Morningstar® Document Research℠
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