TJ Maxx 2000 Annual Report Download - page 29

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Selected Quarterly Financial Data (Unaudited)
First Second Third Fourth
In Thousands Except Per Share Amounts Quarter Quarter Quarter Quarter
Fiscal Year Ended January 27, 2001
Net sales $2,108,116 $2,258,174 $2,461,411 $2,751,305
Gross earnings (1) 554,076 555,876 653,663 627,267
Income before cumulative effect of accounting change 130,580 114,033 158,274 135,179
Diluted earnings per share .44 .39 .56 .48
Net income 130,580 114,033 158,274 135,179
Diluted earnings per share .44 .39 .56 .48
Fiscal year ended January 29, 2000 (2)
Net sales $1,930,506 $2,102,851 $2,235,054 $2,526,936
Gross earnings (1) 511,714 517,603 588,784 597,846
Income before cumulative effect of accounting change 122,274 115,881 151,717 136,950
Diluted earnings per share .38 .36 .48 .44
Net income 117,120 115,881 151,717 136,950
Diluted earnings per share .36 .36 .48 .44
(1) Gross earnings equal net sales less cost of sales, including buying and occupancy costs.
(2) During fiscal 2000, TJX changed its method of accounting for layaway sales (See Note A to the consolidated financial statements). The cumulative effect of this
change for periods prior to January 31, 1999 of $5.2 million, net of income taxes of $3.4 million, is included in net income of the first quarter of fiscal 2000.
THE TJX COMPANIES, INC.
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