Best Buy 2005 Annual Report Download - page 109

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$ in millions, except per share amounts
14. Supplementary Financial Information (unaudited)
The following tables show selected unaudited quarterly operating results for each quarter of fiscal 2005 and 2004.
Fiscal
Quarter 1st 2nd 3rd 4th(5) Year
Fiscal 2005 as revised(1)
Revenue $5,479 $6,080 $6,647 $9,227 $27,433
Comparable store sales % change(2) 8.3% 4.3% 3.2% 2.8% 4.3%
Gross profit $1,311 $1,470 $1,543 $2,171 $ 6,495
Operating income 184 242 233 783 1,442
Earnings from continuing operations 114 150 148 522 934
Gain on disposal of discontinued operations(3) — — — 50 50
Net earnings 114 150 148 572 984
Diluted earnings per share:(4)
Continuing operations 0.34 0.45 0.44 1.55 2.79
Discontinued operations — — — 0.15 0.15
Diluted earnings per share 0.34 0.45 0.44 1.69 2.94
Quarter 1st 2nd 3rd
Fiscal 2005 as previously reported on Quarterly Report on Form 10-Q(1)
Revenue $5,475 $6,080 $6,646
Comparable store sales % change(2) 8.3% 4.3% 3.2%
Gross profit $1,389 $1,552 $1,631
Operating income 184 242 233
Earnings from continuing operations 114 150 148
Gain on disposal of discontinued operations — — —
Net earnings 114 150 148
Diluted earnings per share:
Continuing operations 0.34 0.46 0.45
Discontinued operations — — —
Diluted earnings per share 0.34 0.46 0.45
Quarter 1st 2nd 3rd 4th Fiscal Year
Fiscal 2004 as revised(1)
Revenue $4,669 $5,398 $6,032 $8,449 $24,548
Comparable store sales % change(2) 2.2% 7.5% 8.6% 9.7% 7.1%
Gross profit $1,113 $1,301 $1,408 $2,049 $ 5,871
Operating income 114 229 202 759 1,304
Earnings from continuing operations 69 140 122 469 800
Loss from discontinued operations, net of tax (24) (5) — — (29)
(Loss) gain on disposal of discontinued operations, net of tax (70) 4 — — (66)
Net (loss) earnings (25) 139 122 469 705
Diluted (loss) earnings per share:(4)
Continuing operations 0.21 0.42 0.37 1.40 2.41
Discontinued operations (0.29) — — — (0.29)
Diluted (loss) earnings per share (0.08) 0.42 0.37 1.40 2.13
93