Foot Locker 2014 Annual Report Download - page 94

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
23. Quarterly Results (Unaudited)
1
st
Q2
nd
Q3
rd
Q4
th
Q Year
(in millions, except per share amounts)
Sales
2014 1,868 1,641 1,731 1,911 $7,151
2013 1,638 1,454 1,622 1,791 $ 6,505
Gross margin
(1)
2014 646 525 574 629 $2,374
2013 561 453 537 582 $ 2,133
Operating profit
(2)
2014 254 144 187 220 $ 805
2013 215 106 162 181 $ 664
Net income
2014 162 92 120 146 $ 520
2013 138 66 104 121 $ 429
Basic earnings per share:
2014 1.12 0.63 0.84 1.03 $ 3.61
2013 0.92 0.44 0.70 0.83 $ 2.89
Diluted earnings per share:
2014 1.10 0.63 0.82 1.01 $ 3.56
2013 0.90 0.44 0.70 0.81 $ 2.85
(1) Gross margin represents sales less cost of sales.
(2) Operating profit represents income before income taxes, interest expense, net, and non-operating income.
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