Quarterly Financial Data (Unaudited) The following table provides summarized quarterly financial data for 2013: | | | | | | | | | | | | | | | | | | Fiscal Quarter Ended | | May 4, 2013 | | August 3, 2013 | | November 2, 2013 | | February 1, 2014 | | (in millions except per share data) | Net Sales | $ | 2,268 |
| | $ | 2,516 |
| | $ | 2,171 |
| | $ | 3,818 |
| Gross Profit | 941 |
| | 989 |
| | 857 |
| | 1,642 |
| Operating Income | 311 |
| | 358 |
| | 211 |
| | 863 |
| Income Before Income Taxes | 235 |
| | 282 |
| | 142 |
| | 787 |
| Net Income | 143 |
| | 178 |
| | 92 |
| | 490 |
| Net Income Per Basic Share (a) | $ | 0.49 |
| | $ | 0.62 |
| | $ | 0.32 |
| | $ | 1.69 |
| Net Income Per Diluted Share (a) | $ | 0.48 |
| | $ | 0.61 |
| | $ | 0.31 |
| | $ | 1.65 |
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________________ | | (a) | Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year. |
The following table provides summarized quarterly financial data for 2012: | | | | | | | | | | | | | | | | | | Fiscal Quarter Ended | | April 28, 2012 | | July 28, 2012 (b) | | October 27, 2012 (c) | | February 2, 2013 (d)(e) | | (in millions except per share data) | Net Sales | $ | 2,154 |
| | $ | 2,399 |
| | $ | 2,050 |
| | $ | 3,856 |
| Gross Profit | 902 |
| | 942 |
| | 825 |
| | 1,717 |
| Operating Income | 293 |
| | 305 |
| | 187 |
| | 788 |
| Income Before Income Taxes | 213 |
| | 229 |
| | 128 |
| | 711 |
| Net Income | 125 |
| | 143 |
| | 74 |
| | 411 |
| Net Income Per Basic Share (a) | $ | 0.43 |
| | $ | 0.50 |
| | $ | 0.26 |
| | $ | 1.43 |
| Net Income Per Diluted Share (a) | $ | 0.41 |
| | $ | 0.49 |
| | $ | 0.25 |
| | $ | 1.39 |
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________________ | | (a) | Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year. |
| | (b) | Includes $4 million of expense associated with the store closure initiative at La Senza. |
| | (c) | Includes the effect of the following items: |
| | i. | A pre-tax gain of $13 million related to $13 million in cash distributions from certain of our investments in Easton; and |
| | ii. | A pre-tax expense of $10 million associated with the store closure initiative at La Senza. |
| | (d) | Includes the effect of the following items: |
| | (i) | A pre-tax charge of $93 million related to the impairment of La Senza goodwill and other intangible assets; and |
| | (ii) | A pre-tax charge of $27 million related to the impairment of Henri Bendel long-lived store assets. |
| | (e) | The Company utilizes the retail calendar for reporting. As such, the results for fiscal years 2013 and 2012 represent the 52-week period ended February 1, 2014 and 53-week period ended February 2, 2013, respectively. The 2013 fourth quarter consists of a thirteen week period versus a fourteen week period in 2012. |
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