Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Aug. 03, 2019
Aug. 04, 2018
Net sales:        
Total net sales $ 789,488 $ 823,430 $ 1,570,875 $ 1,641,394
Cost of sales:        
Total cost of sales 455,761 454,528 916,592 927,268
Gross margin:        
Total gross margin 333,727 368,902 654,283 714,126
Advertising expense 33,164 38,661 78,207 79,894
Selling, general and administrative expenses 239,973 242,255 485,184 493,349
Operating income (loss) 60,590 87,986 90,892 140,883
Interest income 157 122 253 207
Interest expense (18,258) (20,864) (36,921) (42,845)
Loss on extinguishment of debt, net   (8,122)   (20,833)
(Loss) earnings before income taxes 42,489 59,122 54,224 77,412
(Benefit) provision for income taxes 8,223 9,884 12,816 14,265
Net earnings (loss) $ 34,266 $ 49,238 $ 41,408 $ 63,147
Net earnings per common share:        
Basic (in dollars per share) $ 0.68 $ 0.99 $ 0.82 $ 1.27
Diluted (in dollars per share) $ 0.68 $ 0.97 $ 0.82 $ 1.24
Weighted-average common shares outstanding:        
Basic (in shares) 50,547 49,840 50,414 49,649
Diluted (in shares) 50,624 50,851 50,606 50,785
Retail Segment        
Net sales:        
Total net sales $ 736,145 $ 767,914 $ 1,460,807 $ 1,522,757
Cost of sales:        
Total cost of sales 417,019 413,912 836,259 839,986
Gross margin:        
Total gross margin 319,126 354,002 624,548 682,771
Corporate Apparel Segment        
Net sales:        
Total net sales 53,343 55,516 110,068 118,637
Cost of sales:        
Total cost of sales 38,742 40,616 80,333 87,282
Gross margin:        
Total gross margin 14,601 14,900 29,735 31,355
Retail clothing product | Retail Segment        
Net sales:        
Total net sales 580,900 605,788 1,175,679 1,219,432
Cost of sales:        
Total cost of sales 259,047 259,025 527,691 535,245
Gross margin:        
Total gross margin 321,853 346,763 647,988 684,187
Rental services | Retail Segment        
Net sales:        
Total net sales 120,329 125,095 214,069 225,322
Cost of sales:        
Total cost of sales 19,773 19,366 32,790 34,023
Gross margin:        
Total gross margin 100,556 105,729 181,279 191,299
Total alteration and other services | Retail Segment        
Net sales:        
Total net sales 34,916 37,031 71,059 78,003
Cost of sales:        
Total cost of sales 33,614 33,749 67,461 67,927
Gross margin:        
Total gross margin 1,302 3,282 3,598 10,076
Occupancy costs | Retail Segment        
Cost of sales:        
Total cost of sales 104,585 101,772 208,317 202,791
Gross margin:        
Total gross margin $ (104,585) $ (101,772) $ (208,317) $ (202,791)