Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS

v3.19.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 04, 2019
May 05, 2018
Net sales:    
Total net sales $ 781,387 $ 817,964
Cost of sales:    
Total cost of sales 460,831 472,740
Gross margin:    
Total gross margin 320,556 345,224
Advertising expense 45,043 41,233
Selling, general and administrative expenses 245,211 251,094
Operating (loss) income 30,302 52,897
Interest income 96 85
Interest expense (18,663) (21,981)
Loss on extinguishment of debt, net   (12,711)
(Loss) earnings before income taxes 11,735 18,290
Provision for income taxes 4,593 4,381
Net earnings (loss) $ 7,142 $ 13,909
Net earnings per common share:    
Basic (in dollars per share) $ 0.14 $ 0.28
Diluted (in dollars per share) $ 0.14 $ 0.27
Weighted-average common shares outstanding:    
Basic (in shares) 50,280 49,458
Diluted (in shares) 50,587 50,720
Retail Segment    
Net sales:    
Total net sales $ 724,662 $ 754,843
Cost of sales:    
Total cost of sales 419,240 426,074
Gross margin:    
Total gross margin 305,422 328,769
Corporate Apparel Segment    
Net sales:    
Total net sales 56,725 63,121
Cost of sales:    
Total cost of sales 41,591 46,666
Gross margin:    
Total gross margin 15,134 16,455
Retail clothing product | Retail Segment    
Net sales:    
Total net sales 594,779 613,644
Cost of sales:    
Total cost of sales 268,644 276,220
Gross margin:    
Total gross margin 326,135 337,424
Rental services | Retail Segment    
Net sales:    
Total net sales 93,740 100,227
Cost of sales:    
Total cost of sales 13,017 14,657
Gross margin:    
Total gross margin 80,723 85,570
Total alteration and other services | Retail Segment    
Net sales:    
Total net sales 36,143 40,972
Cost of sales:    
Total cost of sales 33,847 34,178
Gross margin:    
Total gross margin 2,296 6,794
Occupancy costs | Retail Segment    
Cost of sales:    
Total cost of sales 103,732 101,019
Gross margin:    
Total gross margin $ (103,732) $ (101,019)