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NOTE 18:€€SELECTED QUARTERLY DATA1 (UNAUDITED)
1st€Quarter 2nd€Quarter 3rd€Quarter 4th€Quarter Total
Fiscal year 2015
Net sales $3,115 $3,598 $3,239 $4,143 $14,095
Comparable sales increase 4.4%4.9%0.9%1.0%2.7%
Credit card revenues, net2100 103 89 51 342
Gross profit 1,116 1,271 1,097 1,443 4,927
Selling, general and administrative expenses3(971)(997)(1,031)(1,170)(4,168)
Earnings before interest and income taxes 245 377 155 324 1,101
Net earnings 128 211 81 180 600
Earnings per basic share $0.67 $1.11 $0.43 $1.01 $3.22
Earnings per diluted share $0.66 $1.09 $0.42 $1.00 $3.15
Fiscal year 2014
Net sales $2,837 $3,296 $3,040 $3,938 $13,110
Comparable sales increase 3.9%3.3%3.9%4.7%4.0%
Credit card revenues, net 94 96 100 105 396
Gross profit 1,015 1,166 1,079 1,444 4,704
Selling, general and administrative expenses (844)(931)(917)(1,084)(3,777)
Earnings before interest and income taxes 265 331 262 465 1,323
Net earnings 140 183 142 255 720
Earnings per basic share $0.74 $0.97 $0.74 $1.35 $3.79
Earnings per diluted share $0.72 $0.95 $0.73 $1.32 $3.72
1 Quarterly totals may not foot across due to rounding.
2 On October 1, 2015, we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio (see Note 2: Credit Card Receivable Transaction).
3 Amounts reported for the second and third quarters include $51 and $(32) of credit transaction and other, net which was presented separately in the 2015 Form10-Q€s. These
amounts are reflected here net for consistency and comparability with total selling, general and administrative expenses on the Consolidated Statement of Earnings.
Table of Contents
Nordstrom, Inc.
Notes to Consolidated Financial Statements
Dollar and share amounts in millions except per share, per option and per unit amounts
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