TJ Maxx 2009 Annual Report Download - page 96

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R. Selected Quarterly Financial Data (Unaudited)
Presented below is selected quarterly consolidated financial data for fiscal 2010 and 2009 which was prepared on the
same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in all
material respects, the information set forth therein on a consistent basis.
In thousands except per share amounts
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(3)
Fiscal Year Ended January 30, 2010 (52 weeks)
Net sales $4,354,224 $4,747,528 $5,244,946 $5,941,746
Gross earnings
(1)
1,080,878 1,213,226 1,442,767 1,583,144
Net income 209,214 261,561 347,799 394,998
Basic earnings per share 0.51 0.62 0.82 0.96
Diluted earnings per share 0.49 0.61 0.81 0.94
Fiscal Year Ended January 31, 2009 (53 weeks)
Net sales $4,303,555 $4,554,395 $4,761,530 $5,380,025
Gross earnings
(1)(2)
1,026,612 1,106,952 1,224,540 1,212,216
Income from continuing operations 198,000 212,073 254,117 250,696
Net income 193,849 200,223 235,849 250,696
Income from continuing operations
Basic earnings per share 0.47 0.50 0.61 0.61
Diluted earnings per share 0.44 0.48 0.58 0.58
Net income
Basic earnings per share 0.46 0.48 0.57 0.61
Diluted earnings per share 0.43 0.45 0.54 0.58
(1) Gross earnings equal net sales less cost of sales, including buying and occupancy costs.
(2) Certain amounts in the prior period statements of income have been reclassified from “selling, general and administrative expenses” to “cost of sales, including buying and
occupancy costs” to be consistent with the fiscal 2010 presentation. Prior to this reclassification gross earnings in the fourth quarter of fiscal 2009 were reported as
$1,219,313.
(3) The fourth quarter of fiscal 2009 includes 14 weeks.
F-33