American Eagle Outfitters
(NYSE:AEO)

American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swi...

Website: http://www.aeo-inc.com

Founded: 1977

Full Time Employees: 8,000

CEO: Jay L. Schottenstein

Sector: Consumer Cyclical

Industry: Apparel Retail

Apparel

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At a glance:

Holiday-Driven Demand Is a Key Swing Factor: Sales and margins tend to be highly sensitive to back-to-school and holiday performance, with promotions and product mix meaningfully impacting quarterly results.
Aerie and Intimates Remain a Core Growth Driver: The Aerie brand continues to be a major contributor to traffic and growth, with category innovation and store/digital expansion influencing overall company momentum.
Promotional Intensity Pressures Gross Margin: Discounting levels across teen and casual apparel can compress merchandise margins; inventory discipline and full-price sell-through are critical to protecting profitability.
Inventory Management and Supply Chain Execution Matter: Improved inventory turns and tighter buys can reduce markdown risk, while sourcing costs, freight rates, and lead times can shift input costs and availability.
Digital Performance and Omnichannel Efficiency Are Strategic Priorities: E-commerce conversion, app engagement, and fulfillment costs (shipping/returns) play an outsized role in operating leverage, especially as the store base is optimized.

Bull Thesis:

Aerie's Sustained Growth and Market Leadership: Aerie continues to be a significant growth engine for American Eagle Outfitters, consistently outperforming the broader market. Its focus on body positivity, inclusivity, and comfortable apparel resonates strongly with consumers, driving robust sales and expanding market share in the intimates and activewear categories. This brand's unique positioning provides a strong competitive moat.
Improved Inventory Management and Profitability Initiatives: AEO has made significant strides in optimizing its inventory levels and supply chain efficiency. Better inventory management reduces the need for heavy promotions, leading to improved merchandise margins. Coupled with ongoing cost-cutting measures and operational efficiencies, these initiatives are expected to drive enhanced profitability and free cash flow generation.
Strong Digital Presence and Omnichannel Strategy: The company has invested heavily in its digital capabilities, resulting in a robust e-commerce platform and a seamless omnichannel experience. This allows AEO to effectively reach customers across various touchpoints, integrate online and in-store shopping, and leverage data for personalized marketing, driving customer loyalty and sales growth.
Attractive Valuation and Potential for Re-rating: Despite recent operational improvements and Aerie's strong performance, AEO's stock may be undervalued relative to its intrinsic value and growth prospects. As the company continues to execute its strategy, particularly in turning around the core AE brand and expanding Aerie, there is potential for a significant re-rating of the stock by investors.

Bear Thesis:

Persistent Weakness in Core American Eagle Brand: While Aerie shines, the core American Eagle brand continues to face challenges, including intense competition, evolving fashion trends among its target demographic, and potential brand fatigue. Its underperformance acts as a drag on overall company results, requiring significant investment and strategic shifts to regain momentum and contribute positively to growth.
Macroeconomic Headwinds and Discretionary Spending Pressure: AEO operates in the discretionary retail sector, making it vulnerable to macroeconomic pressures such as inflation, rising interest rates, and potential recessionary environments. Consumers may reduce spending on apparel and accessories, impacting sales volumes and potentially forcing the company into deeper promotional activities, which would erode margins.
Intense Competition and Promotional Environment: The apparel retail market is highly fragmented and intensely competitive, with numerous players ranging from fast fashion to luxury brands, as well as online pure-plays. This competitive landscape often leads to a promotional environment, where retailers discount heavily to attract customers, putting pressure on AEO's pricing power and gross margins.
Over-Reliance on Aerie for Overall Growth: While Aerie has been a phenomenal success, the company's overall growth trajectory is heavily dependent on its continued performance. Should Aerie's growth decelerate, or if it faces increased competition in its niche, the lack of a strong, consistent contribution from the core American Eagle brand could expose the company to significant revenue and profitability risks.

Main Competitors:

Abercrombie & Fitch Co. ($ANF) (Hollister Co., Abercrombie & Fitch), Directly competes with American Eagle through its Hollister Co. brand, targeting a similar young adult demographic with casual apparel, denim, and accessories. Abercrombie & Fitch also competes for a slightly older but overlapping customer base with a focus on aspirational lifestyle branding and premium casual wear.
Urban Outfitters, Inc. ($URBN) (Urban Outfitters, Free People), Competes for the young adult market with its Urban Outfitters and Free People brands, offering trendy, bohemian, and vintage-inspired apparel, accessories, and home goods. They differentiate through unique product curation, a distinct lifestyle aesthetic, and a focus on fashion-forward trends.
H&M Hennes & Mauritz AB ($HNNMY) (H&M), A global fast-fashion giant that competes with American Eagle by offering a wide range of trendy and affordable apparel for young adults. H&M's strength lies in its rapid trend adoption, diverse product lines, and strong global presence, often at lower price points.
Shein (Online Fast Fashion Apparel), An online-only ultra-fast fashion retailer that competes aggressively on price and speed-to-market with new trends. Shein targets a very young, trend-conscious demographic with an enormous, constantly updated catalog, leveraging social media and direct-to-consumer shipping to offer extremely low-cost apparel, putting significant pressure on traditional retailers.

Moat:

American Eagle Outfitters' primary moat lies in its strong brand loyalty, particularly with its Aerie brand, which has successfully captured market share through its body-positivity and inclusive marketing. For the American Eagle brand, its strength is in denim and casual wear, backed by a consistent brand image and an established store and online presence. However, AEO faces intense competition from multiple fronts: specialty retailers like Abercrombie & Fitch and Urban Outfitters vie for similar customer segments with differentiated brand aesthetics; fast fashion players such as H&M and Zara offer rapid trend adoption and competitive pricing; and ultra-fast online retailers like Shein disrupt the market with extremely low prices and vast selection. AEO's ability to maintain its market position depends on continued innovation in product (especially denim and Aerie's categories), effective marketing that resonates with its target demographic, efficient supply chain management, and a compelling omnichannel retail experience.

Income Statements:

Quarterly

Annual

Unit: USD	2025-11-01	2025-08-02	2025-05-03	2025-02-01	2024-11-02	2024-08-03	2024-05-04	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02	2012-10-27	2012-07-28	2012-04-28	2012-01-28	2011-10-29	2011-07-30	2011-04-30	2011-01-29	2010-10-30	2010-07-31	2010-05-01	2010-01-30	2009-10-31	2009-08-01	2009-05-02	2009-01-31	2008-11-01	2008-08-02	2008-05-03	2008-02-02	2007-11-03	2007-08-04	2007-05-05	2007-02-03

total net revenue	1,362,701,000	1,283,675,000	1,089,599,000	1,604,633,000	1,289,094,000	1,291,058,000	1,143,867,000	1,678,911,000	1,301,055,000	1,200,879,000	1,080,926,000	1,496,088,000	1,240,583,000	1,198,124,000	1,055,037,000	1,507,937,000	1,274,078,000	1,194,156,000	1,034,614,000	1,292,294,000	1,031,617,000	883,510,000	551,692,000	1,314,631,000	1,066,412,000	1,040,879,000	886,290,000	1,244,198,000	1,003,707,000	964,853,000	822,961,000	1,228,723,000	960,433,000	844,557,000	761,836,000	1,097,246,000	940,609,000	822,594,000	749,416,000	1,105,828,000	919,072,000	797,428,000	699,520,000	1,071,853,000	854,290,000	710,595,000	646,129,000	1,041,707,000	857,305,000	727,313,000	679,477,000
yoy	5.71%	-0.57%	-4.74%	-4.42%	-0.92%	7.51%	5.82%	12.22%	4.87%	0.23%	2.45%	-0.79%	-2.63%	0.33%	1.97%	16.69%	23.50%	35.16%	87.53%	-1.70%	-3.26%	-15.12%	-37.75%	5.66%	6.25%	7.88%	7.70%	1.26%	4.51%	14.24%	8.02%	11.98%	2.11%	2.67%	1.66%	-0.78%	2.34%	3.16%	7.13%	3.17%	7.58%	12.22%	8.26%	2.89%	-0.35%	-2.30%	-4.91%
qoq	6.16%	17.81%	-32.10%	24.48%	-0.15%	12.87%	-31.87%	29.04%	8.34%	11.10%	-27.75%	20.60%	3.54%	13.56%	-30.03%	18.36%	6.69%	15.42%	-19.94%	25.27%	16.76%	60.15%	-58.03%	23.28%	2.45%	17.44%	-28.77%	23.96%	4.03%	17.24%	-33.02%	27.93%	13.72%	10.86%	-30.57%	16.65%	14.35%	9.76%	-32.23%	20.32%	15.25%	14.00%	-34.74%	25.47%	20.22%	9.98%	-37.97%	21.51%	17.87%	7.04%
cost of sales, including certain buying, occupancy and warehousing expenses	810,824,000	783,713,000	767,178,000	1,005,459,000	762,470,000	792,162,000	679,628,000	1,064,325,000	757,258,000	747,863,000	667,747,000	988,656,000	760,810,000	828,107,000	667,011,000	1,019,252,000	709,554,000	691,765,000	598,424,000	852,429,000	616,840,000	618,311,000	523,386,000	906,884,000	659,350,000	658,308,000	561,369,000	813,591,000	604,220,000	611,752,000	518,518,000	803,603,000	585,520,000	551,908,000	484,014,000	708,744,000	562,793,000	515,499,000	455,964,000	717,877,000	551,540,000	512,389,000	437,308,000	696,043,000	538,818,000	473,048,000	420,284,000	735,687,000	558,430,000	481,818,000	415,868,000	657,298,000	531,284,000	463,116,000	446,430,000	687,175,000	522,859,000	443,642,000	377,801,000	554,842,000	439,198,000	411,794,000	411,019,000	583,813,000	448,834,000	408,763,000	391,061,000	594,076,000	444,624,000	399,431,000	376,635,000	540,086,000	391,526,000	386,742,000	313,927,000
gross profit	551,877,000	499,962,000	322,421,000	599,174,000	526,624,000	498,896,000	464,239,000	614,586,000	543,797,000	453,016,000	413,179,000	507,432,000	479,773,000	370,017,000	388,026,000	488,685,000	564,524,000	502,391,000	436,190,000	439,865,000	414,777,000	265,199,000	28,306,000	407,747,000	407,062,000	382,571,000	324,921,000	430,607,000	399,487,000	353,101,000	304,443,000	425,120,000	374,913,000	292,649,000	277,822,000	388,502,000	377,816,000	307,095,000	293,452,000	387,951,000	367,532,000	285,039,000	262,212,000	375,810,000	315,472,000	237,547,000	225,845,000	306,020,000	298,875,000	245,495,000	263,609,000	459,755,000	379,090,000	276,564,000	272,663,000	355,552,000	308,967,000	232,061,000	231,761,000	361,246,000	312,309,000	239,708,000	248,434,000	388,163,000	300,128,000	248,833,000	220,925,000	311,637,000	309,412,000	289,384,000	263,667,000	455,315,000	352,917,000	316,447,000	298,459,000
yoy	4.80%	0.21%	-30.55%	-2.51%	-3.16%	10.13%	12.36%	21.12%	13.34%	22.43%	6.48%	3.84%	-15.01%	-26.35%	-11.04%	11.10%	36.10%	89.44%	1440.98%	7.88%	1.90%	-30.68%	-91.29%	-5.31%	1.90%	8.35%	6.73%	1.29%	6.55%	20.66%	9.58%	9.43%	-0.77%	-4.70%	-5.33%	0.14%	2.80%	7.74%	11.91%	3.23%	16.50%	19.99%	16.10%	22.81%	5.55%	-3.24%	-14.33%	-33.44%	-21.16%	-11.23%	-3.32%	29.31%	22.70%	19.18%	17.65%	-1.58%	-1.07%	-3.19%	-6.71%	-6.93%	4.06%	-3.67%	12.45%	24.56%	-3.00%	-14.01%	-16.21%	-31.56%	-12.33%	-8.55%	-11.66%
qoq	10.38%	55.06%	-46.19%	13.78%	5.56%	7.47%	-24.46%	13.02%	20.04%	9.64%	-18.57%	5.77%	29.66%	-4.64%	-20.60%	-13.43%	12.37%	15.18%	-0.84%	6.05%	56.40%	836.90%	-93.06%	0.17%	6.40%	17.74%	-24.54%	7.79%	13.14%	15.98%	-28.39%	13.39%	28.11%	5.34%	-28.49%	2.83%	23.03%	4.65%	-24.36%	5.56%	28.94%	8.71%	-30.23%	19.13%	32.80%	5.18%	-26.20%	2.39%	21.74%	-6.87%	-42.66%	21.28%	37.07%	1.43%	-23.31%	15.08%	33.14%	0.13%	-35.84%	15.67%	30.29%	-3.51%	-36.00%	29.33%	20.61%	12.63%	-29.11%	0.72%	6.92%	9.75%	-42.09%	29.01%	11.52%	6.03%
gross margin %	40.50%	38.95%	29.59%	37.34%	40.85%	38.64%	40.59%	36.61%	41.80%	37.72%	38.22%	33.92%	38.67%	30.88%	36.78%	32.41%	44.31%	42.07%	42.16%	34.04%	40.21%	30.02%	5.13%	31.02%	38.17%	36.75%	36.66%	34.61%	39.80%	36.60%	36.99%	34.60%	39.04%	34.65%	36.47%	35.41%	40.17%	37.33%	39.16%	35.08%	39.99%	35.74%	37.48%	35.06%	36.93%	33.43%	34.95%	29.38%	34.86%	33.75%	38.80%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
selling, general and administrative expenses	386,340,000	342,211,000	338,786,000	401,628,000	351,380,000	345,313,000	333,493,000	427,090,000	361,992,000	331,872,000	312,345,000	351,408,000	311,101,000	307,832,000	298,755,000	349,680,000	313,890,000	293,939,000	264,492,000	292,058,000	273,297,000	223,711,000	188,197,000	286,648,000	258,973,000	253,051,000	230,741,000	287,966,000	248,438,000	233,971,000	210,234,000	263,843,000	217,146,000	203,717,000	194,979,000	242,059,000	219,912,000	199,536,000	195,993,000	233,020,000	220,798,000	195,791,000	185,091,000	226,721,000	204,641,000	190,078,000	185,058,000	222,191,000	205,725,000	186,336,000	182,253,000	254,809,000	219,128,000	182,125,000	182,605,000	219,655,000	190,583,000	167,099,000	158,491,000	194,009,000	185,050,000	165,493,000	181,241,000	237,120,000	193,269,000	167,175,000	158,692,000	221,490,000	181,715,000	167,898,000	169,638,000	217,644,000	174,161,000	166,386,000	156,989,000
impairment and restructuring charges			17,119,000																				155,619,000
depreciation and amortization expense	52,963,000	54,666,000	51,697,000	55,277,000	51,594,000	52,474,000	52,910,000	57,840,000	56,444,000	55,854,000	56,728,000	60,233,000	51,124,000	48,171,000	47,369,000	47,107,000	40,947,000	40,456,000	38,271,000	41,584,000	38,974,000	39,114,000	42,730,000	44,402,000	44,987,000	44,870,000	44,791,000	41,241,000	42,416,000	42,739,000	41,935,000	43,543,000	43,149,000	40,283,000	40,446,000	39,404,000	39,636,000	38,900,000	38,783,000	39,295,000	37,623,000	36,109,000	35,127,000	36,879,000	36,528,000	35,422,000	32,362,000	34,703,000	31,998,000	29,734,000	35,539,000	30,116,000	31,421,000	32,643,000	32,798,000	34,893,000	35,199,000	35,675,000	34,880,000	33,123,000	35,804,000	36,049,000	36,156,000	38,616,000	36,557,000	35,341,000	34,894,000	36,794,000	32,816,000	32,059,000	29,550,000	28,479,000	27,867,000	27,375,000	25,482,000
operating income	112,574,000	103,085,000	-85,181,000	142,269,000	106,089,000	101,109,000	77,836,000	9,236,000	125,361,000	65,290,000	22,831,000	73,582,000	117,548,000	14,014,000	41,902,000	79,954,000	209,687,000	167,996,000	133,427,000	3,583,000	95,551,000	-12,237,000	-358,240,000	475,000	103,102,000	81,922,000	47,846,000	101,400,000	108,633,000	76,391,000	50,706,000	116,011,000	110,923,000	38,903,000	36,949,000	85,873,000	118,268,000	68,659,000	58,676,000	115,636,000	109,111,000	53,139,000	41,994,000	112,210,000	23,083,000	12,047,000	8,425,000	23,977,000	41,836,000	29,425,000	45,817,000	139,961,000	128,541,000	61,796,000	57,260,000	80,274,000	83,185,000	29,287,000	38,390,000	134,114,000	91,455,000	38,166,000	13,057,000	94,435,000	70,302,000	46,317,000	27,339,000	53,353,000	94,881,000	89,427,000	64,479,000	209,192,000	150,889,000	122,686,000	115,988,000
yoy	6.11%	1.95%	-209.44%	1440.37%	-15.37%	54.86%	240.92%	-87.45%	6.65%	365.89%	-45.51%	-7.97%	-43.94%	-91.66%	-68.60%	2131.48%	119.45%	-1472.85%	-137.25%	654.32%	-7.32%	-114.94%	-848.74%	-99.53%	-5.09%	7.24%	-5.64%	-12.59%	-2.06%	96.36%	37.23%	35.10%	-6.21%	-43.34%	-37.03%	-25.74%	8.39%	29.21%	39.72%	3.05%	372.69%	341.10%	398.45%	367.99%	-44.83%	-59.06%	-81.61%	-82.87%	-67.45%	-52.38%	-19.98%	74.35%	54.52%	111.00%	49.15%	-40.14%	-9.04%	-23.26%	194.02%	42.02%	30.09%	-17.60%	-52.24%	77.00%	-25.91%	-48.21%	-57.60%	-74.50%	-37.12%	-27.11%	-44.41%
qoq	9.21%	-221.02%	-159.87%	34.10%	4.93%	29.90%	742.75%	-92.63%	92.01%	185.97%	-68.97%	-37.40%	738.79%	-66.56%	-47.59%	-61.87%	24.82%	25.91%	3623.89%	-96.25%	-880.84%	-96.58%	-75518.95%	-99.54%	25.85%	71.22%	-52.81%	-6.66%	42.21%	50.65%	-56.29%	4.59%	185.13%	5.29%	-56.97%	-27.39%	72.25%	17.01%	-49.26%	5.98%	105.33%	26.54%	-62.58%	386.12%	91.61%	42.99%	-64.86%	-42.69%	42.18%	-35.78%	-67.26%	8.88%	108.01%	7.92%	-28.67%	-3.50%	184.03%	-23.71%	-71.38%	46.64%	139.62%	192.30%	-86.17%	34.33%	51.78%	69.42%	-48.76%	-43.77%	6.10%	38.69%	-69.18%	38.64%	22.99%	5.77%
operating margin %	8.26%	8.03%	-7.82%	8.87%	8.23%	7.83%	6.80%	0.55%	9.64%	5.44%	2.11%	4.92%	9.48%	1.17%	3.97%	5.30%	16.46%	14.07%	12.90%	0.28%	9.26%	-1.39%	-64.93%	0.04%	9.67%	7.87%	5.40%	8.15%	10.82%	7.92%	6.16%	9.44%	11.55%	4.61%	4.85%	7.83%	12.57%	8.35%	7.83%	10.46%	11.87%	6.66%	6.00%	10.47%	2.70%	1.70%	1.30%	2.30%	4.88%	4.05%	6.74%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest expense	2,144,000	1,919,000				-730,000	-3,439,000	-4,961,000	-2,871,000	951,000	690,000	2,410,000	3,878,000	3,421,000	4,588,000	8,594,000	8,612,000	8,921,000	8,506,000	7,993,000	7,924,000
other (income)	-14,152,000	-172,000	-351,000	-3,156,000	-895,000	-1,715,000	-1,396,000									-1,588,500	-3,130,000
income before income taxes	124,582,000	101,338,000	-84,611,000	147,780,000	108,230,000	103,554,000	82,671,000	15,702,000	132,216,000	66,489,000	25,452,000	71,481,000	112,888,000	-47,634,000	41,758,000	67,495,000	204,205,000	160,438,000	126,781,000	-1,521,000	89,850,000	-19,230,000	-361,369,000	1,659,000	105,679,000	85,912,000	52,028,000	103,679,000	112,963,000	77,251,000	51,208,000	119,970,000	97,680,000	32,169,000	37,352,000	87,256,000	118,871,000	65,525,000	63,611,000	113,375,000	109,632,000	50,902,000	47,964,000	113,762,000	23,732,000	12,897,000	9,111,000	24,012,000	42,356,000	30,574,000	45,135,000	141,407,000	131,363,000	61,453,000	60,767,000	80,612,000	82,778,000	30,718,000	42,902,000	135,141,000	69,240,000	37,056,000	13,182,000	95,335,000	69,855,000	42,170,000	25,031,000	53,253,000	79,449,000	93,402,000	70,937,000	219,846,000	157,794,000	131,452,000	127,289,000
provision for income taxes	33,238,000	23,705,000	-19,712,000	43,434,000	28,211,000	26,290,000	14,919,000	9,386,000	35,516,000	17,919,000	6,999,000	16,892,000	31,616,000	-5,168,000	10,018,000	17,067,000	51,981,000	38,927,000	31,318,000	-5,056,000	31,742,000	-5,478,000	-104,207,000	-3,104,000	24,918,000	20,931,000	11,276,000	27,511,000	27,491,000	16,918,000	11,279,000	26,013,000	33,947,000	10,933,000	12,116,000	32,634,000	43,111,000	23,933,000	23,135,000	31,665,000	40,367,000	17,637,000	18,909,000	43,688,000	14,697,000	7,084,000	5,245,000	13,502,000	17,453,000	10,980,000	17,159,000	46,631,000	48,922,000	18,607,000	21,070,000	29,328,000	30,351,000	11,049,000	14,577,000	48,103,000	36,049,000	11,213,000	2,260,000	36,011,000	10,696,000	13,598,000	3,064,000	20,522,000	36,845,000	33,571,000	27,042,000	79,367,000	58,368,000	50,108,000	48,519,000
net income	91,344,000	77,633,000	-64,899,000	104,346,000	80,019,000	77,264,000	67,752,000	6,316,000	96,700,000	48,570,000	18,453,000	54,589,000	81,272,000	-42,466,000	31,740,000	50,428,000	152,224,000	121,511,000	95,463,000	3,535,000	58,108,000	-13,752,000	-257,162,000	4,763,000	80,761,000	64,981,000	40,752,000	76,168,000	85,472,000	60,333,000	39,929,000	93,957,000	63,733,000	21,236,000	25,236,000	54,622,000	75,760,000	41,592,000	40,476,000	81,710,000	74,112,000	33,265,000	29,055,000	61,609,000	9,035,000	5,813,000	3,866,000	10,510,000	24,903,000	19,594,000	27,976,000	94,776,000	78,608,000	19,027,000	39,697,000	51,284,000	52,427,000	19,669,000	28,325,000	87,038,000	33,024,000	9,663,000	10,922,000	59,324,000	59,159,000	28,572,000	21,967,000	32,731,000	42,604,000	59,831,000	43,895,000	140,479,000	99,426,000	81,344,000	78,770,000
yoy	14.15%	0.48%	-195.79%	1552.09%	-17.25%	59.08%	267.16%	-88.43%	18.98%	-214.37%	-41.86%	8.25%	-46.61%	-134.95%	-66.75%	1326.53%	161.97%	-983.59%	-137.12%	-25.78%	-28.05%	-121.16%	-731.04%	-93.75%	-5.51%	7.70%	2.06%	-18.93%	34.11%	184.11%	58.22%	72.01%	-15.88%	-48.94%	-37.65%	-33.15%	2.22%	25.03%	39.31%	32.63%	720.28%	472.25%	651.55%	486.19%	-63.72%	-70.33%	-86.18%	-88.91%	-68.32%	2.98%	-29.53%	84.81%	49.94%	-3.26%	40.15%	-41.08%	58.75%	103.55%	159.34%	46.72%	-44.18%	-66.18%	-50.28%	81.25%	38.86%	-52.25%	-49.96%	-76.70%	-57.15%	-26.45%	-44.27%
qoq	17.66%	-219.62%	-162.20%	30.40%	3.57%	14.04%	972.70%	-93.47%	99.09%	163.21%	-66.20%	-32.83%	-291.38%	-233.79%	-37.06%	-66.87%	25.28%	27.29%	2600.51%	-93.92%	-522.54%	-94.65%	-5499.16%	-94.10%	24.28%	59.45%	-46.50%	-10.89%	41.67%	51.10%	-57.50%	47.42%	200.12%	-15.85%	-53.80%	-27.90%	82.15%	2.76%	-50.46%	10.25%	122.79%	14.49%	-52.84%	581.89%	55.43%	50.36%	-63.22%	-57.80%	27.10%	-29.96%	-70.48%	20.57%	313.14%	-52.07%	-22.59%	-2.18%	166.55%	-30.56%	-67.46%	163.56%	241.76%	-11.53%	-81.59%	0.28%	107.05%	30.07%	-32.89%	-23.17%	-28.79%	36.30%	-68.75%	41.29%	22.23%	3.27%
net income margin %	6.70%	6.05%	-5.96%	6.50%	6.21%	5.98%	5.92%	0.38%	7.43%	4.04%	1.71%	3.65%	6.55%	-3.54%	3.01%	3.34%	11.95%	10.18%	9.23%	0.27%	5.63%	-1.56%	-46.61%	0.36%	7.57%	6.24%	4.60%	6.12%	8.52%	6.25%	4.85%	7.65%	6.64%	2.51%	3.31%	4.98%	8.05%	5.06%	5.40%	7.39%	8.06%	4.17%	4.15%	5.75%	1.06%	0.82%	0.60%	1.01%	2.90%	2.69%	4.12%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
basic net income per common share	540	450	-360	550	420	400	340	30	500	250	90																																													260	270
diluted net income per common share	530	450	-360	540	410	390	340	30	490	250	90																																													260	270
weighted-average common shares outstanding - basic	168,925,000	170,756,000	179,548,000	193,056,000	191,630,000	193,661,000	196,429,000	195,646,000	195,343,000	195,329,000	194,487,000	181,778,000	186,305,000	180,189,000	168,460,000	168,156,000	167,637,000	167,491,000	167,257,000	166,455,000	166,185,000	166,315,000	166,781,000	169,711,000	167,912,000	170,756,000	172,598,000	176,476,000	176,938,000	177,249,000	176,853,000	177,938,000	177,288,000	177,228,000	179,312,000	181,429,000	181,819,000	181,048,000	180,697,000	194,351,000	195,215,000				194,573,000	194,511,000				192,731,000							194,378,000	194,909,000			195,590,000	201,764,000					205,408,000						214,719,000	217,790,000	220,675,000
weighted-average common shares outstanding - diluted	172,860,000	171,659,000	179,548,000	196,412,000	195,782,000	197,757,000	201,310,000	196,863,000	198,367,000	196,103,000	197,160,000	205,226,000	195,776,000	180,189,000	219,742,000	206,529,000	205,013,000	208,933,000	206,562,000	166,455,000	184,397,000	166,315,000	166,781,000	170,867,000	168,693,000	171,781,000	174,073,000	178,035,000	178,122,000	178,505,000	178,273,000	180,156,000	179,132,000	178,788,000	181,678,000	183,835,000	184,615,000	183,413,000	182,927,000	196,237,000	197,478,000				195,221,000	194,747,000				195,951,000							195,985,000	196,578,000			197,323,000	203,153,000					207,286,000						218,786,000	222,044,000	225,565,000
interest (income)			-219,000	-1,353,500	-1,246,000
impairment, restructuring and other charges					17,561,000			120,420,000			21,275,000
debt related charges												15,016,500		60,066,000
other expense								-2,361,500	-3,984,000			-1,375,250	782,000					-1,363,000	-1,860,000
other income										-2,150,000	-3,311,000			-1,839,000	-4,444,000					-2,889,000	-2,223,000	-6,993,000	-3,129,000	1,184,000	2,577,000	3,990,000	4,182,000	2,279,000	4,330,000	860,000	502,000	3,959,000	-13,243,000	-6,734,000	403,000	1,383,000	603,000	-3,134,000	4,935,000	-2,261,000	521,000	-2,237,000	5,970,000	1,552,000	649,000	850,000	686,000	35,000	520,000	1,149,000	-682,000	1,446,000	2,822,000	-343,000	3,507,000	338,000	-407,000	1,431,000	4,512,000	1,027,000	1,986,000	138,000	125,000	1,615,000	-447,000	-3,922,000	-2,308,000	2,904,000	4,453,000	3,975,000	6,458,000	10,654,000	6,905,000	8,766,000	11,301,000
net income per basic share												97.5	440	-240	190	550	910	730	570	-320	350	-80	-1,540	272.5	480	380	240	262.5	480	340	230	155	360	120	140	215	410	230	220	172.5	380	170	150	25	50	30	20	95	130	100	140									67.5	170	50
net income per diluted share												90	420	-240	160	445	740	580	460	-320	320	-80	-1,540	272.5	480	380	230	260	480	340	220	152.5	360	120	140	215	410	230	220	172.5	380	170	150	25	50	30	20	92.5	130	100	140									65	170	50
impairment, restructuring and covid-19 related charges																				102,640,000	6,955,000	14,611,000
restructuring charges																								1,068,000		2,728,000	1,543,000	392,000			1,568,000	4,722,000	3,695,000	9,746,000	5,448,000										17,752,000
cash dividends per common share																											137.5	103.125	137.5	137.5	137.5	93.75	125	125	125	93.75	125	125	125	93.75	125	125	125	93.75	125	125	125	62.5	125	125		457.5	1,610	110	110	82.5	110	110	110	80	110	110	100	75	100	100	100	75	100	100	100	70	100	100	80
retained earnings, beginning																												470,898,000	1,941,536,000	1,904,190,000	1,883,592,000	443,943,750	1,772,233,000	1,774,315,000	1,775,775,000	414,816,750	1,693,371,000	1,675,031,000	1,659,267,000	385,771,250	1,553,380,000	1,545,674,000	1,543,085,000	392,462,750	1,522,856,000	1,542,106,000	1,569,851,000	388,264,500	1,588,094,000	1,592,706,000	1,553,058,000	442,866,000	1,770,546,000	1,774,205,000	1,771,464,000	427,982,250	1,713,778,000	1,716,173,000	1,711,929,000	441,012,250	1,735,503,000	1,749,513,000	1,764,049,000	423,540,250	1,692,990,000	1,691,823,000	1,694,161,000	400,446,000	1,663,156,000	1,624,800,000	1,601,784,000	322,260,250	1,405,414,000	1,350,400,000	1,289,041,000
adoption of accounting standards update 2014-09																												38,000			152,000
cash dividends and dividend equivalents																												-18,457,750	-24,251,000	-24,919,000	-24,661,000	-17,029,750	-22,733,000	-22,783,000	-22,602,000	-17,438,500	-23,349,000	-23,246,000	-23,159,000	-18,747,750	-24,925,000	-24,428,000	-24,989,000	-18,678,250	-24,882,000	-24,954,000	-24,877,000	-12,418,250	-25,099,000	-24,574,000		-92,162,250	-324,588,000	-22,117,000	-21,945,000	-16,354,750	-21,817,000	-21,850,000	-21,752,000	-16,303,500	-21,697,000	-22,434,000	-21,083,000	-15,631,500	-20,875,000	-20,823,000	-20,828,000
reissuance of treasury stock																												1,760,000	-70,000	1,932,000	5,178,000	-1,260,250	-412,000	-535,000	-4,094,000	-778,250	-1,555,000	-6,000	-1,553,000	-493,000	-17,000	-1,131,000	-1,477,000	-1,833,000	-490,000	-109,000	-6,734,000	2,865,500	-578,000	368,000	11,672,000	-4,335,500	-1,761,000	-569,000	-15,011,000	-662,750	-108,000	-214,000	-2,329,000	-1,633,000	-918,000	-1,239,000	-4,375,000	-3,700,500	-4,743,000	-6,582,000	-3,477,000	-1,102,750	-2,976,000	-981,000	-454,000	-1,480,000	-401,000	-4,628,000	-891,000
retained earnings, ending																												500,671,750	2,002,687,000	1,941,536,000	1,904,190,000	453,205,250	1,812,821,000	1,772,233,000	1,774,315,000	436,056,750	1,744,227,000	1,693,371,000	1,675,031,000	400,637,500	1,602,550,000	1,553,380,000	1,545,674,000	376,629,750	1,506,519,000	1,522,856,000	1,542,106,000	396,830,000	1,587,320,000	1,588,094,000	1,592,706,000	380,701,250	1,522,805,000	1,770,546,000	1,774,205,000	436,070,000	1,744,280,000	1,713,778,000	1,716,173,000	436,478,000	1,745,912,000	1,735,503,000	1,749,513,000	431,632,750	1,726,531,000	1,692,990,000	1,691,823,000	420,563,750	1,682,255,000	1,663,156,000	1,624,800,000	370,726,750	1,482,907,000	1,405,414,000	1,350,400,000
income from continuing operations																																				54,622,000	75,760,000			81,710,000	69,265,000							10,510,000	24,903,000	19,594,000	27,976,000	94,776,000	82,441,000	42,846,000		51,284,000	52,427,000	19,669,000	28,325,000	87,038,000	33,191,000	25,843,000
gain from discontinued operations, net of tax																																								1,211,750	4,847,000
basic income per common share:
gain from discontinued operations																																								5	30
diluted income per common share:
loss on impairment of assets																																													33,468,000			25,149,000	19,316,000														17,980,000
weighted-average common shares outstanding—basic																																										195,508,000					194,060,000				192,710,000		197,173,000	196,160,000	194,890,000
weighted-average common shares outstanding—diluted																																										196,885,000					194,702,000				196,718,000		201,967,000	199,807,000	197,252,000
weighted-average common shares outstanding — basic																																											194,975,000	194,437,000				192,802,000	192,818,000			196,211,000				194,445,000			194,683,000	199,979,000			207,718,000	206,171,000	206,517,000	206,010,000		205,169,000	205,119,000	204,929,000	204,841,000	216,119,000
weighted-average common shares outstanding — diluted																																											195,880,000	195,135,000				194,475,000	194,612,000			200,665,000				196,314,000			196,633,000	201,818,000			210,285,000	209,512,000	209,393,000	209,015,000		207,582,000	207,334,000	207,504,000	208,104,000	220,280,000
loss from discontinued operations, net of tax																																																					-3,833,000	-23,819,000							-167,000	-16,180,000
loss from discontinued operations																																																					-20	-120						-10		-80
net sales																																																				589,687,250	910,374,000	739,680,000	719,093,000	1,042,727,000	831,826,000	675,703,000	609,562,000	916,088,000	751,507,000	651,502,000	659,453,000	971,976,000	748,962,000	657,596,000	611,986,000	905,713,000	754,036,000	688,815,000	640,302,000	995,401,000	744,443,000	703,189,000	612,386,000
basic income per common share																																																				175	400	100				100	150				50	290	290	140	110	160	210	290	210	297.5	460	370	360
diluted income per common share																																																				172.5	390	90				100	140				50	280	280	140	110	160	210	290	210	292.5	450	370	350
net income per basic common share																																																							200
net income per diluted common share																																																							200
realized loss on sale of investments
total other-than-temporary impairment losses																																																														-4,575,000	514,000	-7,481,000	129,000	2,939,000
portion of loss recognized in other comprehensive income, before tax																																																														3,327,000	-514,000	6,316,000	-129,000	-2,714,000
net impairment loss recognized in earnings																																																														-1,248,000		-1,165,000		225,000
realized loss on sale of investment securities																																																													-24,201,000
other-than-temporary impairment charge																																																																				3,004,000	19,885,000
adoption of fin 48
cash dividends																																																																				-15,362,000	-20,529,000	-20,494,000	-20,425,000	-14,938,500	-21,532,000	-21,702,000	-16,520,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-01	2025-08-02	2025-05-03	2025-02-01	2024-11-02	2024-08-03	2024-05-04	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02	2012-10-27	2012-07-28	2012-04-28	2012-01-28	2011-10-29	2011-07-30	2011-04-30	2011-01-29	2010-10-30	2010-07-31	2010-05-01	2010-01-30	2009-10-31	2009-08-01	2009-05-02	2009-01-31	2008-11-01	2008-08-02	2008-05-03	2008-02-02	2007-11-03	2007-08-04	2007-05-05	2007-02-03

assets
current assets:
cash and cash equivalents	112,830,000	126,780,000	87,853,000	308,962,000	160,195,000	191,837,000	300,518,000	354,094,000	240,940,000	175,315,000	117,841,000	170,209,000	82,133,000	98,214,000	228,775,000	434,770,000	740,668,000	773,994,000	716,679,000	850,477,000	692,356,000	898,787,000	855,769,000	361,930,000	214,514,000	267,166,000	304,671,000	333,330,000	279,872,000	323,322,000	289,700,000	413,613,000	257,527,000	192,558,000	225,197,000	378,613,000	291,667,000	247,934,000	238,976,000	260,067,000	363,116,000	327,290,000	326,907,000	410,697,000	280,445,000	262,628,000	327,699,000	418,933,000	354,284,000	345,188,000	383,175,000	509,119,000	544,683,000	696,077,000	713,443,000	719,545,000	380,284,000	389,299,000	474,668,000	667,593,000	630,775,000	425,523,000	535,239,000	693,960,000	512,603,000	500,263,000	418,807,000	473,342,000	332,837,000	353,390,000	338,238,000	116,061,000	104,877,000	123,717,000	69,791,000	59,737,000
short-term investments				50,000,000				100,000,000										50,000,000	75,000,000				29,956,000	55,000,000	50,000,000	50,000,000	45,000,000	92,135,000	79,856,000	40,000,000	20,000,000																	10,002,000	2,930,000	59,678,000	113,041,000	121,873,000		5,995,000	8,587,000	25,499,000	101,036,000	124,697,000	130,513,000	67,102,000	3,700,000	5,800,000	9,025,000	4,675,000	3,300,000	29,525,000	30,525,000	10,511,000	11,100,000	26,936,000	31,195,000	503,878,000	535,905,000	510,888,000	588,926,000	767,376,000
merchandise inventory	891,232,000	718,337,000	645,062,000	636,655,000	804,256,000	663,659,000	681,062,000	640,662,000	769,315,000	636,972,000	624,851,000	585,083,000	797,731,000	687,046,000	682,100,000	553,458,000	739,808,000	503,507,000	466,698,000	405,445,000	559,961,000	421,196,000	421,729,000	446,278,000	647,329,000	534,762,000	456,160,000	424,404,000	591,671,000	466,112,000	404,264,000	398,213,000	534,019,000	433,458,000	364,274,000	358,446,000	492,602,000	422,151,000	334,301,000	305,178,000	479,729,000	408,541,000	332,645,000	278,972,000	468,628,000	393,316,000	329,249,000	291,541,000	518,904,000	461,080,000	340,508,000	332,452,000	481,208,000	462,013,000	376,688,000	378,426,000	571,751,000	470,242,000	331,588,000	301,208,000	409,509,000	349,091,000	326,417,000	326,454,000	425,415,000	352,819,000	279,233,000	294,928,000	421,909,000	341,463,000	262,201,000	286,485,000	393,068,000	321,263,000	274,846,000	263,644,000
accounts receivable	245,335,000	237,355,000	228,561,000	262,365,000	214,114,000	231,750,000	230,934,000	247,934,000	239,374,000	271,333,000	259,074,000	242,386,000	250,879,000	220,803,000	230,469,000	286,683,000	228,461,000	155,361,000	149,056,000	146,102,000	124,560,000	107,243,000	106,751,000	119,064,000	112,304,000	98,604,000	73,836,000	93,477,000	84,074,000	74,153,000	72,800,000	78,304,000	77,113,000	80,673,000	79,432,000	86,634,000	74,812,000	65,282,000	73,283,000	80,912,000	63,775,000	50,693,000	64,010,000	67,894,000	55,875,000	47,028,000	67,720,000	73,882,000	59,277,000	45,965,000	55,193,000	46,321,000	47,432,000	40,202,000	37,472,000	40,310,000	41,138,000	31,530,000	31,464,000	36,721,000	40,346,000	41,793,000	39,637,000	34,746,000	46,584,000		62,176,000		44,634,000				33,603,000
prepaid expenses	125,716,000	167,295,000	103,466,000	76,088,000	118,773,000
other current assets	21,917,000	21,335,000	23,082,000	20,161,000	38,810,000
total current assets	1,397,030,000	1,271,102,000	1,088,024,000	1,354,231,000	1,336,148,000	1,248,445,000	1,311,317,000	1,433,350,000	1,353,418,000	1,201,491,000	1,129,501,000	1,100,241,000	1,277,105,000	1,177,389,000	1,280,539,000	1,396,924,000	1,775,530,000	1,601,583,000	1,495,780,000	1,522,643,000	1,507,786,000	1,582,367,000	1,558,938,000	1,047,930,000	1,078,574,000	1,020,073,000	950,603,000	1,046,253,000	1,123,468,000	997,080,000	874,596,000	968,530,000	930,212,000	817,185,000	763,672,000	901,229,000	936,849,000	826,219,000	729,327,000	723,375,000	1,050,347,000	922,975,000	859,639,000	890,513,000	931,488,000	830,673,000	857,581,000	923,560,000	1,093,863,000	1,073,982,000	1,036,606,000	1,141,800,000	1,197,852,000	1,346,463,000	1,259,981,000	1,287,488,000	1,205,841,000	1,155,141,000	1,101,943,000	1,174,410,000	1,187,997,000	962,811,000	1,046,004,000	1,167,030,000	1,094,452,000	1,031,443,000	899,360,000	925,359,000	907,586,000	859,334,000	806,779,000	1,020,834,000	1,155,856,000	1,091,198,000	1,070,374,000	1,198,254,000
operating lease right-of-use assets	1,570,936,000	1,604,457,000	1,471,705,000	1,295,400,000	1,237,741,000	1,153,354,000	1,123,649,000	1,005,293,000	995,023,000	1,038,505,000	1,053,938,000	1,086,999,000	1,148,832,000	1,210,285,000	1,210,169,000	1,193,021,000	1,148,108,000	1,103,247,000	1,130,743,000	1,155,965,000	1,243,311,000	1,271,491,000	1,292,769,000	1,418,916,000	1,486,133,000	1,462,544,000	1,444,225,000
property and equipment, at cost, net of accumulated depreciation	797,154,000	773,872,000	765,594,000	751,264,000	745,988,000	722,193,000	703,551,000	713,336,000	742,793,000	758,736,000	762,433,000	781,514,000	789,809,000	775,969,000	745,165,000	728,272,000	665,408,000	641,396,000	627,967,000	623,808,000	650,397,000	659,351,000	667,258,000	735,120,000	764,350,000	754,031,000	744,670,000		735,714,000	732,350,000	732,179,000		726,168,000	719,127,000	710,500,000	707,797,000	708,488,000	700,270,000	706,221,000	703,586,000	709,261,000	712,279,000	706,885,000	694,856,000	714,166,000	732,834,000	683,749,000	637,417,000	630,206,000	593,879,000	522,269,000	509,633,000	537,058,000	544,751,000	572,104,000	582,162,000	629,486,000	635,540,000	641,907,000
goodwill	225,184,000	225,231,000	225,225,000	225,079,000	225,196,000	225,213,000	225,253,000	225,303,000	264,825,000	264,964,000	264,896,000	264,945,000	271,209,000	271,406,000	271,398,000	271,416,000												14,899,000	14,898,000	14,926,000	14,962,000	15,070,000	14,972,000	15,069,000	14,772,000	14,887,000	17,315,000	17,399,000	17,520,000	17,186,000	12,978,000	13,006,000	13,243,000	13,096,000	13,512,000	13,616,000	13,598,000	13,530,000	13,792,000	13,814,000	11,434,000	11,484,000	11,492,000	11,445,000	11,544,000	11,469,000	11,511,000	11,668,000	11,710,000	11,472,000	11,395,000	11,364,000	11,413,000	11,210,000	11,165,000	11,181,000	10,831,000	10,706,000	10,741,000	11,370,000	11,402,000	11,479,000	11,722,000	9,950,000	9,950,000	9,950,000
non-current deferred income taxes	46,747,000	48,322,000	78,483,000	68,158,000	88,092,000	87,245,000	89,332,000	82,064,000	20,791,000	21,990,000	13,034,000	36,483,000	34,135,000	37,017,000	42,977,000	44,167,000	57,753,000	46,600,000	45,995,000	33,045,000	12,774,000	30,224,000	25,612,000	22,724,000	16,833,000	16,759,000	20,951,000		12,796,000	8,558,000	9,105,000		29,025,000	28,761,000	33,408,000		49,627,000	44,370,000	38,903,000		17,052,000	13,166,000	9,129,000	14,035,000	26,598,000	13,534,000	11,663,000	24,835,000	19,086,000	25,441,000	23,325,000	31,282,000	23,199,000	22,477,000	16,579,000	13,467,000	8,833,000	2,460,000	10,030,000	19,616,000	27,475,000	28,724,000	30,135,000	27,305,000	22,719,000	1,981,000	9,434,000	15,001,000	14,501,000	27,338,000	27,038,000	24,238,000	50,401,000	48,806,000	43,644,000
intangible assets	39,756,000	40,674,000	41,549,000	42,449,000	43,371,000	44,241,000	45,178,000	46,109,000	88,201,000	90,312,000	92,399,000	94,536,000	96,530,000	98,651,000	100,679,000	102,701,000
other assets	113,051,000	97,374,000	96,774,000	94,194,000	59,596,000	59,625,000	58,937,000	52,454,000	55,735,000	55,909,000	57,693,000	56,238,000	54,857,000	58,500,000	50,591,000	50,142,000	33,884,000	31,576,000	30,485,000	29,013,000	33,083,000	33,111,000	33,561,000	50,985,000	50,896,000	49,426,000	37,683,000	42,747,000	50,442,000	52,771,000	54,106,000	52,464,000	54,424,000	58,661,000	62,379,000	60,124,000	60,268,000	54,169,000	52,893,000	51,340,000	51,442,000	51,629,000	36,445,000	37,202,000	38,444,000	40,894,000	36,199,000	45,551,000	38,712,000	28,311,000	35,479,000	23,718,000	25,073,000	15,064,000	16,688,000	16,384,000	14,045,000	20,750,000	20,379,000	25,465,000	23,981,000	22,956,000	22,268,000	21,688,000	23,401,000	22,064,000	21,017,000	21,363,000	18,745,000	19,944,000	20,195,000	19,751,000	20,652,000	20,223,000	18,557,000	45,991,000
total assets	4,189,858,000	4,061,032,000	3,767,354,000	3,830,775,000	3,736,132,000	3,540,316,000	3,557,217,000	3,557,909,000	3,520,786,000	3,431,907,000	3,373,894,000	3,420,956,000	3,672,477,000	3,629,217,000	3,701,518,000	3,786,643,000	3,750,015,000	3,495,022,000	3,400,666,000	3,434,806,000	3,498,215,000	3,627,976,000	3,630,111,000	3,328,679,000	3,452,252,000	3,359,159,000	3,255,353,000	1,903,378,000	1,981,482,000	1,850,749,000	1,730,914,000	1,816,313,000	1,801,780,000	1,686,323,000	1,633,193,000	1,782,660,000	1,822,540,000	1,693,188,000	1,596,296,000	1,612,246,000	1,887,836,000	1,760,209,000	1,672,760,000	1,696,908,000	1,772,072,000	1,680,061,000	1,651,877,000	1,694,164,000	1,840,086,000	1,780,085,000	1,667,044,000	1,756,053,000	1,833,133,000	1,978,882,000	1,916,452,000	1,950,802,000	1,910,452,000	1,866,502,000	1,832,338,000	1,879,998,000	1,909,124,000	1,849,703,000	1,975,190,000	2,138,148,000	2,095,908,000	2,010,314,000	1,913,297,000	1,963,676,000	1,971,419,000	1,945,324,000	1,868,495,000	1,867,680,000	1,982,823,000	1,847,515,000	1,841,083,000	1,987,484,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	305,268,000	247,578,000	247,994,000	280,712,000	283,471,000	259,734,000	225,480,000	268,308,000	300,031,000	238,660,000	212,318,000	234,340,000	188,448,000	198,645,000	236,376,000	231,782,000	314,561,000	221,471,000	231,932,000	255,912,000	304,552,000	295,296,000	177,124,000	285,746,000	366,676,000	316,995,000	231,760,000	240,671,000	343,360,000	264,247,000	207,774,000	236,703,000	330,716,000	275,479,000	208,857,000	246,204,000	314,111,000	286,691,000	202,692,000	182,789,000	304,989,000	263,145,000	203,239,000	191,146,000	309,348,000	254,802,000	195,703,000	203,872,000	353,228,000	292,120,000	161,778,000	176,874,000	213,197,000	171,655,000	133,861,000	183,783,000	222,894,000	187,572,000	155,183,000	167,723,000	196,504,000	144,929,000	143,477,000	158,526,000	198,978,000	151,978,000	91,671,000	152,068,000	191,571,000	145,507,000	116,268,000	157,928,000	207,481,000	146,431,000	138,545,000	171,150,000
current portion of operating lease liabilities	319,332,000	321,334,000	319,626,000	313,034,000	293,006,000	307,570,000	303,603,000	284,508,000	294,898,000	309,517,000	321,430,000	337,258,000	332,160,000	328,348,000	317,844,000	311,005,000	299,693,000	288,534,000	297,561,000	328,624,000	346,321,000	348,921,000	328,366,000	299,161,000	292,312,000	279,207,000	266,819,000
accrued compensation and payroll taxes	71,575,000	49,534,000	58,380,000	113,388,000	90,289,000	55,441,000	64,502,000	152,353,000	96,484,000	74,509,000	43,550,000	51,912,000	36,436,000	50,788,000	34,469,000	141,817,000	123,588,000	133,185,000	87,488,000	142,272,000	117,736,000	66,131,000	21,622,000	43,537,000	43,473,000	54,683,000	29,425,000	82,173,000	56,991,000	51,903,000	27,904,000	54,324,000	43,561,000	22,708,000	31,106,000	54,184,000	56,939,000	35,908,000	34,838,000	79,302,000	66,466,000	37,851,000	40,379,000	44,884,000	49,562,000	25,917,000	31,219,000	23,560,000	32,522,000	20,496,000	27,993,000	65,533,000	51,992,000	54,168,000	21,970,000	42,625,000	18,677,000	24,928,000	14,915,000	34,954,000	30,289,000	31,356,000	22,150,000	55,144,000	23,932,000	29,970,000	17,520,000	29,417,000	18,531,000	27,157,000	19,461,000	49,494,000	35,003,000	35,099,000	21,573,000	58,371,000
unredeemed gift cards and gift certificates	55,891,000	57,376,000	63,282,000	70,094,000	50,161,000	51,791,000	57,373,000	66,285,000	47,676,000	51,156,000	57,014,000	67,618,000	47,531,000	51,111,000	59,256,000	71,365,000	42,070,000	44,095,000	50,754,000	62,181,000	39,794,000	43,165,000	48,503,000	56,974,000	32,411,000	34,742,000	42,025,000	53,997,000	30,392,000	33,185,000	39,918,000	52,347,000	29,475,000	32,573,000	39,744,000	52,966,000	30,130,000	31,532,000	38,508,000	48,274,000	28,259,000	30,502,000	37,385,000	47,888,000	27,712,000	29,092,000	35,578,000	47,194,000	24,689,000	26,389,000	33,435,000	46,458,000	23,089,000	24,342,000	30,783,000	44,970,000	22,456,000	26,542,000	29,187,000	41,001,000	20,266,000	21,201,000	26,866,000	39,389,000	19,632,000	20,920,000	27,284,000		28,494,000	29,771,000	36,512,000		30,355,000	30,093,000	40,287,000
accrued income and other taxes	28,847,000	30,631,000	23,114,000	30,677,000	38,468,000	41,631,000	50,716,000	46,114,000	19,255,000	17,372,000	13,812,000	10,919,000	13,056,000	16,708,000	15,550,000	16,274,000	33,570,000	25,365,000	20,250,000	14,150,000	15,503,000	12,783,000	2,405,000	9,514,000	18,421,000	17,754,000	25,146,000	20,064,000	29,340,000	18,332,000	22,048,000	12,781,000	17,262,000	13,289,000	12,446,000	12,220,000	29,373,000	10,250,000	6,915,000	22,223,000	43,721,000	14,654,000	6,504,000	33,110,000	27,472,000	6,225,000	7,756,000	5,778,000	9,002,000	9,614,000	7,948,000	29,155,000	38,133,000	15,822,000	14,333,000	20,135,000	19,552,000	13,998,000	12,242,000	32,468,000	11,620,000	13,801,000	12,437,000	20,585,000	22,574,000	16,093,000	12,567,000	6,259,000	11,072,000	12,159,000	13,297,000	22,803,000	41,324,000	13,290,000	11,193,000	87,780,000
other current liabilities and accrued expenses	73,887,000	76,932,000	75,261,000	74,751,000	95,620,000	78,219,000	71,655,000	73,604,000	72,887,000	71,262,000	68,313,000	66,901,000	67,799,000	72,461,000	73,984,000	70,628,000	56,090,000	56,568,000	56,498,000	55,343,000	47,587,000	51,281,000	61,451,000	56,824,000	56,859,000	60,265,000	54,622,000
total current liabilities	854,800,000	783,385,000	787,657,000	882,656,000	851,015,000	794,386,000	773,329,000	891,172,000	831,231,000	762,476,000	716,437,000	768,948,000	685,430,000	718,061,000	737,479,000	842,871,000	869,572,000	769,218,000	744,483,000	858,482,000	894,336,000	840,414,000	662,227,000	751,756,000	810,152,000	763,646,000	649,797,000	542,645,000	607,147,000	508,020,000	434,804,000	485,221,000	552,840,000	471,982,000	420,591,000	493,783,000	562,879,000	498,531,000	418,486,000	463,682,000	578,143,000	492,144,000	428,788,000	459,093,000	546,481,000	439,789,000	395,737,000	415,478,000	538,457,000	464,799,000	347,135,000	435,902,000	443,498,000	385,874,000	318,221,000	405,401,000	396,549,000	362,492,000	322,947,000	387,837,000	367,562,000	331,226,000	324,052,000	408,955,000	420,997,000	397,082,000	324,389,000	401,763,000	422,614,000	385,715,000	350,333,000	376,178,000	403,112,000	313,266,000	295,259,000	460,464,000
non-current liabilities:
non-current operating lease liabilities	1,441,904,000	1,473,119,000	1,337,489,000	1,133,296,000	1,098,197,000	1,015,455,000	1,002,529,000	901,122,000	927,019,000	970,862,000	987,048,000	1,021,200,000	1,089,710,000	1,137,656,000	1,150,951,000	1,154,481,000	1,123,681,000	1,094,386,000	1,126,165,000	1,148,742,000	1,196,755,000	1,253,105,000	1,303,296,000	1,301,735,000	1,353,819,000	1,338,634,000	1,328,663,000
long-term debt	210,000,000	203,000,000	110,000,000							3,225,000	30,225,000	8,911,000	411,911,000	376,522,000	405,807,000	341,002,000	336,249,000	331,680,000	329,718,000	325,290,000	321,081,000	516,953,000	642,972,000
other non-current liabilities	57,814,000	56,918,000	57,992,000	47,963,000	40,322,000	36,109,000	29,003,000	28,856,000	24,247,000	22,345,000	21,168,000	22,734,000	22,894,000	24,055,000	24,275,000	24,617,000	23,816,000	24,207,000	24,737,000	15,627,000	17,846,000	19,604,000	24,633,000	27,335,000	27,896,000	28,302,000	35,142,000	22,254,000	23,474,000	25,419,000	27,773,000	29,055,000	30,712,000	31,636,000	33,523,000	34,657,000	35,451,000	38,365,000	41,089,000	42,518,000	41,667,000	40,525,000	30,521,000	33,097,000	35,044,000	32,557,000	34,357,000	36,455,000	23,139,000	24,430,000	24,064,000	20,382,000	15,734,000	18,711,000	22,544,000	21,199,000	17,853,000	20,842,000	23,486,000	23,813,000	22,246,000	21,030,000	20,114,000	22,467,000	21,734,000	20,272,000	19,866,000	24,670,000	27,204,000	28,819,000	31,138,000	35,846,000	44,138,000	42,425,000	40,283,000	44,594,000
total non-current liabilities	1,709,718,000	1,733,037,000	1,505,481,000	1,181,259,000	1,138,519,000	1,051,564,000	1,031,532,000	929,978,000	951,266,000	996,432,000	1,038,441,000	1,052,845,000	1,524,515,000	1,538,233,000	1,581,033,000	1,520,100,000	1,483,746,000	1,450,273,000	1,480,620,000	1,489,659,000	1,535,682,000	1,789,662,000	1,970,901,000	1,329,070,000	1,381,715,000	1,366,936,000	1,363,805,000	73,178,000	78,923,000	82,152,000	88,729,000	84,301,000	85,741,000	90,042,000	94,729,000	84,308,000	87,701,000	94,260,000	100,502,000	97,188,000	100,420,000	102,387,000	98,567,000	98,069,000	105,344,000	106,425,000	106,982,000	112,508,000	108,920,000	111,613,000	112,784,000	98,964,000	106,064,000	114,594,000	127,700,000	128,550,000	131,361,000	137,023,000	142,927,000	141,090,000	140,278,000	140,487,000	144,781,000	150,676,000	151,606,000	143,375,000	155,438,000	152,882,000	164,001,000	154,292,000	153,692,000	151,038,000	164,787,000	159,411,000	149,724,000	109,708,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,496,000	2,486,000	2,486,000	2,486,000	2,486,000	2,485,000	2,485,000	2,485,000	2,485,000	2,481,000	2,481,000	2,481,000	2,473,000	2,461,000
contributed capital	378,470,000	372,826,000	365,326,000	365,845,000	359,348,000	353,608,000	345,922,000	360,378,000	343,695,000	334,447,000	324,396,000	341,775,000	389,726,000	380,959,000	562,973,000	636,355,000	627,264,000	630,506,000	648,434,000	663,718,000	655,891,000	647,284,000	646,350,000	577,856,000	574,391,000	568,413,000	570,443,000	574,929,000	565,316,000	560,349,000	565,033,000	593,770,000	588,978,000	586,844,000	582,512,000	603,890,000	597,919,000	591,532,000	583,689,000	590,820,000	588,293,000	577,146,000	563,709,000	569,675,000	566,449,000	559,694,000	556,054,000	573,008,000	577,108,000	587,905,000	583,795,000	627,065,000	599,343,000	574,671,000	567,700,000	552,797,000	550,110,000	546,677,000	543,393,000	546,597,000	543,265,000	540,326,000	534,765,000	554,399,000	538,007,000	526,487,000	519,675,000	513,574,000	510,755,000	506,104,000	502,243,000	493,395,000	486,576,000	479,450,000	468,240,000	453,418,000
accumulated other comprehensive loss	-31,611,000	-34,646,000	-42,105,000	-56,390,000	-49,872,000	-39,271,000	-15,722,000	-16,410,000	-32,865,000	-11,566,000	-26,777,000		-41,267,000	-40,017,000	-40,315,000		-39,049,000	-36,894,000	-37,810,000		-44,673,000	-47,991,000	-55,050,000		-35,861,000	-36,630,000	-35,354,000		-39,138,000	-32,646,000	-34,936,000		-34,798,000	-30,121,000	-32,671,000		-31,160,000	-29,356,000	-24,484,000
retained earnings	2,486,281,000	2,416,980,000	2,361,273,000	2,456,063,000	2,376,077,000	2,320,348,000	2,267,785,000	2,214,159,000	2,234,761,000	2,158,294,000	2,130,108,000	2,137,126,000	2,080,852,000	2,000,021,000	2,224,113,000	2,203,772,000	2,185,393,000	2,058,448,000	1,951,496,000	1,868,613,000	1,865,370,000	1,807,687,000	1,826,413,000	2,108,292,000	2,127,312,000	2,070,077,000	2,028,627,000	2,054,654,000	2,002,687,000	1,941,536,000	1,904,190,000	1,883,592,000	1,812,821,000	1,772,233,000	1,774,315,000	1,775,775,000	1,744,227,000	1,693,371,000	1,675,031,000	1,659,267,000	1,602,550,000	1,553,380,000	1,545,674,000	1,543,085,000	1,506,519,000	1,522,856,000	1,542,106,000	1,569,851,000	1,587,320,000	1,588,094,000	1,592,706,000	1,553,058,000	1,522,805,000	1,770,546,000	1,774,205,000	1,771,464,000	1,744,280,000	1,713,778,000	1,716,173,000	1,711,929,000	1,745,912,000	1,735,503,000	1,749,513,000	1,764,049,000	1,726,531,000	1,692,990,000	1,691,823,000	1,694,161,000	1,682,255,000	1,663,156,000	1,624,800,000	1,601,784,000	1,482,907,000	1,405,414,000	1,350,400,000	1,302,345,000
treasury stock	-1,210,296,000	-1,213,046,000	-1,212,774,000	-1,001,154,000	-941,451,000	-942,815,000	-848,125,000	-823,864,000	-809,798,000	-810,672,000	-811,207,000	-849,604,000	-969,275,000	-970,536,000	-1,366,261,000	-1,378,106,000	-1,379,407,000	-1,379,025,000	-1,389,053,000	-1,407,414,000	-1,410,887,000	-1,411,576,000	-1,423,226,000	-1,407,623,000	-1,407,953,000	-1,375,779,000	-1,324,461,000	-1,309,692,000	-1,235,949,000	-1,211,158,000	-1,229,402,000	-1,202,272,000	-1,206,298,000	-1,207,153,000	-1,208,779,000	-1,141,130,000	-1,141,522,000	-1,157,646,000	-1,159,424,000	-1,171,339,000	-964,269,000	-948,966,000	-955,430,000	-965,566,000	-966,093,000	-967,148,000	-967,591,000	-991,334,000	-997,698,000	-999,219,000	-1,000,667,000	-990,729,000	-870,252,000	-897,372,000	-904,402,000	-938,565,000	-943,518,000	-928,656,000	-929,171,000	-938,023,000	-917,140,000	-919,585,000	-801,473,000	-759,255,000	-760,197,000	-767,673,000	-780,962,000	-786,800,000	-787,373,000	-792,539,000	-794,411,000	-792,681,000	-599,077,000	-541,888,000	-451,544,000	-362,626,000
total stockholders’ equity	1,625,340,000	1,544,610,000	1,474,216,000		1,746,598,000	1,694,366,000	1,752,356,000		1,738,289,000	1,672,999,000	1,619,016,000		1,462,532,000	1,372,923,000	1,383,006,000		1,396,697,000	1,275,531,000	1,175,563,000		1,068,197,000	997,900,000	996,983,000		1,260,385,000	1,228,577,000	1,241,751,000		1,295,412,000	1,260,577,000	1,207,381,000		1,163,199,000	1,124,299,000	1,117,873,000		1,171,960,000	1,100,397,000	1,077,308,000		1,209,273,000	1,165,678,000	1,145,405,000	1,139,746,000	1,120,247,000	1,133,847,000	1,149,158,000	1,166,178,000	1,192,709,000	1,203,673,000	1,207,125,000	1,221,187,000	1,283,571,000	1,478,414,000	1,470,531,000	1,416,851,000	1,382,542,000	1,366,987,000	1,366,464,000	1,351,071,000	1,401,284,000	1,377,990,000	1,506,357,000	1,578,517,000	1,523,305,000	1,469,857,000	1,433,470,000	1,409,031,000	1,384,804,000	1,405,317,000	1,364,470,000	1,340,464,000	1,414,924,000	1,374,838,000		1,417,312,000
total liabilities and stockholders’ equity	4,189,858,000	4,061,032,000	3,767,354,000	3,830,775,000	3,736,132,000	3,540,316,000	3,557,217,000	3,557,909,000	3,520,786,000	3,431,907,000	3,373,894,000	3,420,956,000	3,672,477,000	3,629,217,000	3,701,518,000	3,786,643,000	3,750,015,000	3,495,022,000	3,400,666,000	3,434,806,000	3,498,215,000	3,627,976,000	3,630,111,000	3,328,679,000	3,452,252,000	3,359,159,000	3,255,353,000	1,903,378,000	1,981,482,000	1,850,749,000	1,730,914,000	1,816,313,000	1,801,780,000	1,686,323,000	1,633,193,000	1,782,660,000	1,822,540,000	1,693,188,000	1,596,296,000	1,612,246,000	1,887,836,000	1,760,209,000	1,672,760,000	1,696,908,000	1,772,072,000	1,680,061,000	1,651,877,000	1,694,164,000	1,840,086,000	1,780,085,000	1,667,044,000	1,756,053,000	1,833,133,000	1,978,882,000	1,916,452,000	1,950,802,000	1,910,452,000	1,866,502,000	1,832,338,000	1,879,998,000	1,909,124,000	1,849,703,000	1,975,190,000	2,138,148,000	2,095,908,000	2,010,314,000	1,913,297,000	1,963,676,000	1,971,419,000	1,945,324,000	1,868,495,000	1,867,680,000	1,982,823,000	1,847,515,000	1,841,083,000	1,987,484,000
total stockholders' equity				1,766,860,000				1,736,759,000				1,599,163,000				1,423,672,000				1,086,665,000				1,247,853,000				1,287,555,000				1,246,791,000				1,204,569,000				1,051,376,000																																			1,396,100,000
prepaid expenses and other						161,199,000	98,803,000	90,660,000	103,789,000	117,871,000	127,735,000	102,563,000	146,362,000	171,326,000	139,195,000	122,013,000	66,593,000	118,721,000	88,347,000	120,619,000	130,909,000	155,141,000	144,733,000	65,658,000	54,427,000	69,541,000	70,936,000	102,907,000	87,995,000	93,493,000	87,832,000	78,400,000	61,553,000	110,496,000	94,769,000	77,536,000	77,768,000	90,852,000	82,767,000	77,218,000	78,091,000	75,477,000	77,503,000	73,848,000	73,095,000	86,055,000	86,856,000	83,724,000	107,292,000	115,595,000	97,512,000	73,805,000	65,326,000	76,584,000	75,433,000	74,947,000	64,378,000	90,788,000	84,687,000	53,727,000	52,757,000	99,475,000	90,247,000	47,039,000	52,188,000	62,432,000	61,479,000	59,660,000	45,308,000	64,009,000	92,403,000	35,486,000	39,468,000	61,353,000	57,287,000	33,720,000
accumulated other comprehensive loss, net of tax												-32,630,000				-40,845,000				-40,748,000				-33,168,000				-34,832,000				-30,795,000				-36,462,000				-29,868,000
intangible assets net, including goodwill																	69,332,000	70,620,000	69,696,000		50,864,000	51,432,000	51,973,000		55,466,000	56,326,000	57,221,000
dividends payable																					22,843,000	22,837,000	22,756,000
intangible assets, net, including goodwill																				70,332,000				53,004,000
property and equipment																												742,149,000				724,239,000
intangible assets, net of accumulated amortization																												43,268,000				46,666,000
deferred income taxes																												14,062,000				9,344,000				49,250,000				64,927,000	65,636,000	60,974,000	58,574,000	59,102,000	53,445,000	41,646,000	46,057,000	45,478,000	46,510,000	41,807,000	42,649,000	58,230,000	59,203,000	55,607,000	48,358,000	48,761,000	47,254,000	48,585,000	49,023,000	48,059,000	50,910,000	41,129,000	45,439,000	60,156,000	54,362,000	45,605,000	47,140,000	45,447,000	51,798,000	46,839,000	41,091,000	47,004,000	48,935,000	44,194,000	39,971,000	47,732,000
accrued rent																												89,076,000	87,410,000	85,416,000	83,524,000	83,312,000	80,580,000	78,697,000	78,018,000	78,619,000	79,255,000	78,621,000	77,477,000	77,482,000	77,892,000	77,127,000	78,741,000	78,567,000	77,102,000	75,649,000	74,023,000	76,397,000	75,680,000	74,052,000	74,034,000	77,873,000	76,769,000	78,514,000	76,550,000	76,921,000	74,888,000	72,477,000	70,873,000	70,390,000	71,133,000	83,617,000	66,907,000	68,866,000	67,983,000	66,637,000	65,065,000	64,695,000	64,294,000	62,970,000	59,467,000	62,161,000	58,731,000	56,259,000	54,030,000	57,543,000
current portion of deferred lease credits																												9,974,000	11,337,000	10,822,000	10,657,000	11,203,000	12,887,000	12,838,000	12,743,000	12,780,000	12,783,000	12,810,000	12,850,000	12,711,000	13,055,000	13,240,000	13,125,000	12,969,000	13,392,000	13,635,000	13,155,000	13,293,000	13,954,000	14,104,000	14,219,000	13,381,000	13,886,000	14,679,000	14,945,000	15,066,000	15,512,000	15,938,000	15,981,000	16,203,000	16,465,000	16,909,000	17,365,000	17,388,000	17,605,000	17,639,000	16,056,000	13,726,000	13,866,000	13,988,000	13,995,000	12,953,000	12,861,000	12,787,000	12,757,000	12,803,000
other liabilities and accrued expenses																												46,690,000	48,317,000	44,115,000	42,979,000	34,551,000	38,359,000	36,398,000	37,677,000	36,810,000	40,288,000	42,719,000	45,206,000	40,901,000	43,761,000	55,625,000	49,415,000	50,529,000	41,893,000	34,469,000	38,303,000	45,384,000	29,382,000	28,024,000	27,728,000	26,628,000	26,432,000	26,694,000	25,779,000	21,901,000	22,570,000	21,037,000	24,566,000	25,098,000	21,285,000	19,413,000	17,350,000	19,057,000	20,293,000	18,845,000	19,226,000	18,299,000	19,786,000	19,163,000	16,333,000	16,285,000	17,357,000	19,307,000	16,874,000	18,263,000
deferred lease credits																												47,377,000	48,220,000	49,569,000	53,630,000	47,977,000	50,439,000	53,620,000	56,551,000	45,114,000	47,677,000	51,100,000	54,738,000	50,104,000	53,877,000	56,421,000	57,162,000	54,516,000	58,988,000	62,779,000	61,562,000	59,510,000	65,004,000	67,461,000	69,399,000	59,571,000	63,220,000	69,598,000	73,350,000	71,880,000	74,981,000	77,925,000	79,131,000	78,606,000	81,730,000	83,709,000	89,504,000	89,591,000	93,607,000	98,067,000	101,806,000	88,314,000	92,130,000	81,598,000	74,632,000	70,355,000	68,393,000	64,472,000	62,512,000	65,114,000
non-current accrued income taxes																												3,547,000	7,229,000	7,164,000	7,326,000	7,269,000	4,590,000	4,786,000	4,655,000	4,537,000	4,573,000	4,795,000	4,675,000	4,566,000	4,876,000	5,441,000	10,884,000	10,456,000	11,312,000	11,089,000	11,063,000	16,543,000	20,777,000	19,722,000	19,321,000	19,011,000	27,110,000	26,285,000	31,806,000	35,471,000	38,527,000	38,256,000	40,310,000	38,671,000	36,302,000	35,748,000	35,163,000	38,618,000	36,265,000	25,036,000	33,766,000	39,898,000	44,667,000	43,875,000	47,922,000	44,837,000	52,256,000	52,514,000	46,929,000
intangible assets, at cost, net of accumulated amortization																													44,164,000	45,064,000	45,966,000		46,979,000	47,520,000	48,462,000	49,373,000	49,993,000	50,761,000	51,432,000	51,832,000	46,756,000	47,154,000	47,419,000	47,206,000	47,864,000	48,510,000	49,087,000	49,271,000	44,427,000	44,658,000	37,931,000	38,136,000	38,459,000	38,682,000	39,556,000	39,832,000	40,088,000	40,295,000	40,454,000
accumulated other comprehensive income																																									-19,797,000	-18,378,000	-11,044,000	-9,944,000	10,876,000	15,949,000	16,093,000	12,157,000	23,483,000	24,397,000	28,795,000	29,297,000	29,179,000	28,073,000	30,532,000	28,659,000	29,174,000	32,692,000	33,573,000	28,072,000	26,751,000	19,250,000	21,056,000	16,838,000	16,478,000	15,567,000	448,000	-14,389,000	-23,318,000	26,111,000	29,353,000	35,485,000	42,037,000	29,381,000	26,531,000	21,714,000
assets held for sale																																																	4,666,000	4,669,000	4,528,000			9,985,000
long-term investments																																																									648,000	648,000	5,915,000	5,915,000	5,915,000	166,717,000	187,490,000	197,773,000	203,152,000	198,559,000	232,953,000	251,007,000	271,581,000	308,699,000	335,390,000	165,810,000	146,244,000	125,120,000	175,071,000	251,644,000
note payable																																																																30,000,000
property and equipment, at cost, net of accumulated depreciation and amortization																																																												643,120,000	652,361,000	657,131,000	677,880,000	713,142,000	741,019,000	745,086,000	739,702,000	740,240,000	748,265,000	718,639,000	667,691,000	625,568,000	597,948,000	552,218,000	523,487,000	481,645,000
notes payable																																																															17,500,000		50,000,000	75,000,000	75,000,000	75,000,000	75,000,000	75,000,000	75,000,000
accounts and note receivable																																																																		40,799,000		41,471,000		26,697,000	41,651,000	31,920,000		29,783,000	39,553,000	26,045,000
unredeemed stored value cards and gift certificates																																																																				42,299,000				54,554,000				54,554,000
assets held-for-sale
deferred compensation

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-11-01	2025-08-02	2025-05-03	2025-02-01	2024-11-02	2024-08-03	2024-05-04	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02	2012-10-27	2012-07-28	2012-04-28	2012-01-28	2011-10-29	2011-07-30	2011-04-30	2011-01-29	2010-10-30	2010-07-31	2010-05-01	2010-01-30	2009-10-31	2009-08-01	2009-05-02	2009-01-31	2008-11-01	2008-08-02	2008-05-03	2008-02-02	2007-11-03	2007-08-04	2007-05-05

operating activities:
net income	91,344,000	77,633,000	-64,899,000	104,346,000	80,020,000	77,262,000	67,752,000	6,316,000	96,700,000	48,569,000	18,453,000	54,589,000	81,273,000	-42,466,000	31,740,000	50,428,000	152,224,000	121,514,000	95,463,000	3,535,000	58,106,000	-13,753,000	-257,162,000	4,763,000	80,760,000	64,982,000	40,752,000	76,168,000	85,472,000	60,333,000	39,929,000	93,957,000	63,734,000	21,236,000	25,236,000	54,622,000	75,759,000	41,592,000	40,476,000	81,710,000	74,110,000	33,263,000	29,055,000	61,609,000	9,034,000	5,813,000	3,866,000	10,510,000	24,903,000	19,594,000	27,976,000	94,776,000	78,608,000	19,027,000	39,697,000	51,284,000	52,427,000	19,669,000	28,325,000	87,038,000	33,024,000	9,663,000	10,922,000	59,324,000	59,159,000	28,572,000	21,967,000	32,731,000	42,604,000	59,831,000	43,895,000	140,479,000	99,426,000	81,344,000	78,770,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	55,048,000	58,909,000	53,507,000	57,001,000	53,760,000	54,667,000	55,097,000	60,654,000	59,263,000	57,364,000	57,932,000	62,037,000	52,405,000	49,409,000	48,648,000	48,245,000	42,084,000	41,525,000	39,297,000	42,486,000	39,789,000	39,886,000	43,419,000	45,024,000	45,568,000	45,437,000	45,350,000	38,800,000	45,959,000	43,273,000	42,472,000	44,103,000	43,673,000	40,804,000	40,893,000	40,001,000	40,031,000	39,062,000	39,080,000	39,476,000	37,800,000	36,280,000	35,302,000	37,057,000	36,659,000	35,849,000	32,786,000	35,174,000	32,530,000	30,417,000	35,926,000	30,677,000	31,959,000	32,438,000	33,323,000	35,462,000	35,830,000	36,330,000	35,534,000	35,301,000	36,587,000	35,904,000	37,756,000	39,147,000	37,068,000	35,858,000	35,410,000	38,716,000	32,816,000	32,059,000	29,550,000	28,479,000	27,867,000	27,375,000	25,482,000
share-based compensation	6,120,000	6,507,000	20,563,000	6,234,000	6,010,000	6,776,000	20,586,000	15,778,000	9,934,000	10,575,000	14,780,000	9,024,000	7,016,000	8,673,000	14,273,000	8,718,000	7,865,000	8,952,000	12,618,000	8,093,000	9,031,000	11,553,000	4,101,000	3,092,000	5,648,000	9,257,000	5,041,000	9,673,000	6,102,000	6,015,000	5,716,000	4,834,000	2,258,000	5,000,000	4,798,000	6,113,000	6,276,000	7,940,000	8,808,000	2,446,000	10,440,000	13,989,000	8,102,000	3,118,000	6,393,000	3,371,000	3,188,000	-4,748,000	-11,454,000	4,372,000	5,289,000	20,891,000	17,429,000	6,730,000	21,299,000	3,276,000	3,227,000	3,332,000	2,506,000	3,528,000	3,549,000	6,134,000	12,246,000	16,994,000	10,041,000	4,315,000	5,550,000		3,990,000	4,027,000	8,882,000		7,116,000	7,180,000	12,506,000
deferred income taxes	1,993,000	31,147,000	-8,748,000	20,027,000	-2,134,000	-1,036,000	-7,109,000	-59,147,000	1,199,000	-8,956,000	23,448,000	5,633,000	2,883,000	5,959,000	16,574,000	15,411,000	-11,153,000	-674,000	-16,434,000	-46,903,000	17,450,000	-4,646,000	-791,000	-5,713,000	431,000	4,119,000	7,704,000	-436,000	-1,286,000	-1,507,000	-1,162,000	24,466,000	-577,000	4,425,000	15,998,000	191,000	-5,615,000	-5,796,000	26,058,000	17,594,000	-11,642,000	-5,926,000	4,654,000	16,301,000	-24,912,000	2,499,000	3,833,000																				-2,192,000		4,920,000	-5,775,000	5,192,000	16,251,000	-5,422,000	-18,892,000	-84,000
loss on impairment of assets	0	0	15,063,000						0	0	10,759,000									95,546,000	0	0	153,617,000																					0				25,149,000				34,420,000	-65,000										17,980,000
undistributed earnings of equity method investment
changes in assets and liabilities:
accounts receivable	-7,966,000	-8,679,000	33,826,000	-43,661,000	13,394,000	-2,091,000	16,729,000	-9,726,000	33,049,000																			-8,388,000	-9,893,000	-1,259,000	5,447,000	-678,000	3,536,000	-1,336,000	7,315,000	-11,775,000	-10,011,000	6,803,000	7,278,000	-12,621,000	-13,661,000	12,667,000	3,522,000	-13,603,000	-8,973,000	19,951,000	5,709,000	-16,451,000	-13,356,000	9,238,000	-8,942,000	1,071,000	-7,203,000	-3,397,000	2,865,000	837,000	-9,697,000	-174,000	5,445,000	3,664,000	1,236,000						-20,604,000
merchandise inventory	-171,942,000	-70,023,000	-1,671,000	164,158,000	-151,771,000	6,328,000	-40,078,000	140,242,000	-123,844,000	-19,632,000	-43,070,000	206,500,000	-111,175,000	-4,810,000	-128,879,000	186,731,000	-237,432,000	-36,669,000	-59,770,000	157,063,000	-137,026,000	3,985,000	18,134,000	201,566,000	-112,413,000	-78,693,000	-32,075,000	168,624,000	-127,550,000	-61,868,000	-7,702,000	137,108,000	-102,041,000	-65,456,000	-5,523,000	132,981,000	-71,223,000	-89,719,000	-25,652,000	181,500,000	-72,414,000	-78,539,000	-52,806,000	184,768,000	-75,176,000	-63,949,000	-37,057,000	225,622,000	-58,015,000	-119,084,000	-8,375,000	148,711,000	-18,747,000	-97,107,000	2,345,000	193,227,000	-102,948,000	-138,916,000	-28,674,000	108,701,000	-60,118,000	-31,252,000	1,382,000	98,673,000	-72,128,000	-71,099,000	16,560,000	128,410,000	-86,474,000	-79,507,000	23,836,000	104,022,000	-67,959,000	-45,252,000	-9,885,000
operating lease assets	95,088,000	85,659,000	113,020,000	84,599,000	64,599,000	193,035,000	-91,029,000	28,849,000	76,985,000	52,515,000	72,310,000	89,275,000	114,077,000	76,674,000	65,772,000	74,249,000	76,866,000	68,241,000	77,296,000	36,746,000	47,066,000	35,937,000	106,627,000	65,625,000
operating lease liabilities	-94,655,000	-81,020,000	-89,268,000	-85,683,000	-81,825,000	-205,913,000	93,385,000	-84,811,000	-81,709,000	-71,274,000	-88,777,000	-112,421,000	-89,449,000	-80,039,000	-79,233,000	-83,394,000	-81,551,000	-81,283,000	-106,319,000	-92,001,000	-75,978,000	-50,234,000	-20,597,000	-68,442,000
other assets	30,110,000	-65,001,000	-34,708,000	44,911,000	5,335,000	-64,256,000	-16,344,000	16,680,000	-19,716,000	56,703,000	-36,194,000	74,535,000	-1,366,000	-38,043,000	35,005,000	-90,032,000	-30,384,000	-38,393,000	24,657,000	-20,816,000	7,932,000	-6,858,000	-87,575,000	-9,267,000	3,790,000	-69,897,000	42,529,000	-3,049,000	-1,654,000	2,194,000	-2,237,000	2,445,000	2,968,000	130,000	-226,000	-812,000	-2,411,000	-2,890,000	-592,000	6,139,000	-82,000	-27,408,000	11,334,000	-368,000	2,207,000	9,127,000	-4,354,000	-30,686,000	3,251,000	3,870,000	-12,524,000	1,409,000	-10,382,000	1,234,000	-426,000	-1,491,000	6,702,000	-367,000	-2,400,000	-703,000	-857,000	521,000	-341,000	2,463,000	-1,130,000	-845,000	658,000	-1,873,000	1,806,000	917,000	-460,000	1,246,000	-1,363,000
accounts payable	59,184,000	-1,088,000	-32,741,000	-2,426,000	26,205,000	34,916,000	-42,788,000	-32,198,000	61,731,000	26,005,000	-22,106,000	45,397,000	-10,152,000	-37,805,000	4,579,000	-93,555,000	92,991,000	-10,572,000	-25,056,000	-48,678,000	9,178,000	118,073,000	-109,482,000	-80,961,000	49,584,000	85,222,000	-8,896,000	-104,005,000	85,342,000	56,016,000	-33,024,000	-97,507,000	52,789,000	66,833,000	-38,778,000	-65,620,000	25,940,000	87,423,000	4,604,000	-114,387,000	43,329,000	62,799,000	5,070,000	-105,721,000	64,129,000	34,200,000	2,112,000	-136,420,000	68,410,000	112,389,000	-15,811,000	-47,181,000	42,232,000	41,333,000	-46,852,000	-42,099,000	36,507,000	30,827,000	-7,301,000	-35,094,000	51,460,000	2,894,000	-14,028,000	-43,256,000	46,937,000	59,994,000	-58,683,000	-40,340,000	49,337,000	29,406,000	-41,456,000	-48,017,000	58,674,000	7,191,000	-33,407,000
accrued compensation and payroll taxes	21,957,000	-9,036,000	-55,376,000	23,267,000	35,444,000	-8,830,000	-87,931,000	55,639,000	22,195,000	30,793,000	-8,404,000	15,352,000	-14,325,000	16,269,000	-107,410,000	17,278,000	-9,558,000	45,678,000	-54,810,000	20,742,000	51,577,000	44,395,000	-21,598,000	43,000	-11,210,000	25,300,000	-52,736,000	25,114,000	5,875,000	23,362,000	-26,308,000	10,788,000	20,888,000	-8,186,000	-22,201,000	-3,807,000	20,794,000	1,223,000	-44,019,000	12,259,000	28,382,000	-2,737,000	-3,670,000	-4,209,000	22,535,000	-5,482,000	7,872,000	-9,204,000	11,894,000	-7,618,000	-37,537,000	13,557,000	-1,410,000	31,558,000	-20,687,000	23,974,000	-6,185,000	9,998,000	-20,110,000	4,761,000	1,804,000	6,911,000	-33,094,000	31,164,000	-5,270,000	11,563,000	-11,929,000				-30,006,000
accrued and other liabilities	-6,059,000	2,805,000	-3,240,000	10,980,000	-2,485,000	-12,607,000	-6,381,000	52,485,000	665,000	2,588,000	-7,347,000	17,790,000	-12,592,000	-6,558,000	-9,316,000	23,947,000	9,862,000	3,141,000	13,485,000	57,079,000	-1,100,000	-4,863,000	-38,587,000	15,234,000	-6,194,000	36,189,000	-39,950,000
net cash from operating activities	67,148,000			383,753,000	52,905,000			296,367,000	136,452,000	156,107,000	-8,216,000	492,998,000	18,595,000	2,950,000	-108,247,000	169,970,000	11,814,000	121,460,000	427,000	212,892,000	26,025,000	173,475,000	-209,894,000	237,216,000	60,603,000	109,878,000	7,719,000	213,056,000	91,192,000	124,407,000	27,990,000		134,880,000	42,512,000	10,708,000			71,497,000	29,869,000	0	-54,321,000	60,247,000	-12,731,000	-133,863,000	105,186,000	33,984,000	-4,344,000		82,710,000	29,198,000	-38,684,000	-4,135,000	-6,937,000	-26,222,000	12,678,000					-3,125,000	-23,290,000	29,859,000	-24,878,000	241,066,000	64,490,000	95,070,000	-14,164,000	187,762,000	75,513,000	90,065,000	-51,147,000		173,520,000	92,175,000	-77,676,000
investing activities:
capital expenditures for property and equipment	-69,661,000	-70,959,000	-61,606,000	-64,870,000	-60,723,000	-60,736,000	-36,209,000	-39,522,000	-42,956,000	-46,102,000	-45,857,000	-61,014,000	-71,506,000	-69,464,000	-58,394,000	-89,442,000	-58,200,000	-49,399,000	-36,806,000	-35,384,000	-31,189,000	-27,492,000	-33,910,000	-60,494,000	-58,073,000	-55,219,000	-36,574,000	-45,081,000	-42,580,000	-54,457,000	-46,903,000	-34,549,000	-48,417,000	-46,432,000	-40,071,000	-53,878,000	-47,077,000	-36,203,000	-24,336,000	-44,576,000	-29,753,000	-37,184,000	-41,743,000	-34,468,000	-64,208,000	-74,311,000	-72,015,000	-61,285,000	-93,349,000	-78,208,000	-45,657,000	-22,716,000	-22,983,000	-23,409,000	-24,831,000	-3,390,000	-31,144,000	-27,857,000	-37,744,000
sale of available-for-sale investments	0	0	50,000,000	0	0	0	100,000,000									0	50,000,000			0	0	29,956,000	40,000,000	10,000,000	20,000,000	25,000,000	67,135,000	64,803,000
other investing activities	-179,000	8,679,000	-227,000	-1,587,000	-1,000	-3,814,000	-4,570,000	-3,649,000	-2,854,000	-6,329,000	-163,000	-297,000	-171,000	-263,000	-266,000	1,769,000	-173,000	-3,818,000	-381,000	-459,000	-139,000	-181,000	-191,000	-308,000	-160,000	-998,000	-203,000																																	-952,000	-319,000	-1,136,000	-394,000	-895,000	-423,000	-255,000	-430,000	506,000	-728,000	-795,000	-163,000	-471,000	121,000	0	-820,000
net cash (used for) investing activities	-69,840,000			-151,457,000	-60,724,000												-8,373,000	-28,217,000	-112,187,000
financing activities:
accelerated share repurchase, including excise tax	0	-380,000	-201,469,000
repurchase of common stock as part of publicly announced programs, including excise tax	0	0	-31,301,000
repurchase of common stock from employees	-33,000	-20,000	-7,893,000	-124,000	-355,000	-48,000	-13,242,000	0	-270,000	-82,000	-10,314,000	-8,000	-193,000	-1,408,000	-8,171,000	-55,000	-6,452,000	-6,567,000	-10,944,000	-56,000	-142,000	-3,785,000	-1,430,000	-107,000	-59,000	-4,423,000	-3,498,000	-608,000	-761,000	-4,086,000	-14,213,000	-213,000	-265,000	-629,000	-11,406,000	-134,000	-30,000	-119,000	-6,749,000	1,000	-15,000	-158,000	-4,991,000	0	-75,000	0	-7,389,000	-43,000	0	-52,000	-23,291,000	0	-17,000	-8,000	-4,100,000	0	0	-8,000	-2,181,000	-17,000	-38,000	-40,000	-17,946,000	-17,000	-35,000	-17,000	-178,000	-18,000	-5,000	-44,000	-3,365,000	-18,000	-43,000	-618,000	-11,631,000
proceeds from revolving line of credit	281,500,000	375,300,000	110,000,000							0	30,000,000		35,300,000
principal payments on revolving line of credit	-274,500,000							0	-3,000,000											0	-200,000,000
net proceeds from stock options exercised				0	878,000	1,110,000	1,853,000	6,085,000	466,000	0	1,095,000	290,000	430,000	944,000	425,000	0	0	979,000	12,086,000					0	0	1,548,000	571,000	-1,000	0	13,142,000	2,354,000	3,130,000	0			83,000	14,272,000	1,453,000	452,000	936,000	-15,000	5,334,000	1,028,000	219,000	331,000	0	6,755,000	2,874,000	691,000	1,109,000	1,523,000	32,487,000	25,419,000	6,330,000	12,165,000	2,418,000	21,000	120,000	2,539,000	1,510,000	1,287,000	865,000	3,610,000	308,000	2,559,000	2,455,000	2,308,000	148,000	1,983,000	684,000	984,000	421,000	1,071,000	4,740,000	6,951,000
cash dividends paid	-21,188,000	-21,167,000	-21,657,000	-23,827,000	-24,011,000	-24,024,000	-24,593,000	-24,704,000	-19,750,000	-19,746,000	-19,625,000	0	0	-34,375,000	-30,392,000	-30,352,000	-30,354,000	-30,317,000	-22,922,000					-22,961,000	-22,957,000	-23,233,000	-23,632,000	-25,811,000	-22,700,000	-24,387,000	-24,225,000	-22,163,000	-22,134,000	-22,131,000	-22,120,000	-22,735,000	-22,732,000	-22,614,000	-22,599,000	-24,124,000	-24,304,000	-24,428,000	-24,381,000	-24,312,000	-24,310,000	-24,303,000	-24,299,000	-24,099,000	-24,096,000			-42,992,000	-317,390,000	-21,584,000	-21,524,000	-21,319,000	-21,404,000	-21,439,000	-21,430,000	-118,507,000	-21,511,000	-22,242,000	-20,906,000	-20,868,000	-20,757,000	-20,721,000	-20,639,000	-20,946,000	-20,529,000	-20,494,000	-20,425,000	-21,042,000	-21,532,000	-21,702,000	-16,520,000
other financing activities	27,000	0	-1,814,000	21,000	-20,000	-1,331,000	-3,284,000	-1,606,000	-20,000	-1,494,000	752,000	-686,000	2,409,000	-522,000	-217,000	30,000	39,000	-23,000	-345,000	-310,000	-207,000	-575,000	-107,000	-11,000	25,000	-28,000	-80,000
net cash (used for) financing activities	-11,922,000	71,433,000	-154,134,000	-83,901,000	-23,508,000
effect of exchange rates changes on cash	664,000	1,961,000	-470,000		-315,000	-2,096,000	-472,000		-2,443,000	2,120,000	-40,000		-945,000	-46,000	-733,000		0	0	87,000		-779,000	1,620,000	-1,781,000		350,000	-30,000	-97,000		-2,836,000	389,000	-405,000		2,879,000	-1,265,000	-388,000		-577,000	-1,582,000	3,248,000		-488,000	-1,343,000	1,054,000		2,233,000	988,000	1,391,000		-1,994,000	-216,000	-587,000		781,000	-1,477,000	960,000		24,000	-312,000	1,160,000		1,465,000	-1,215,000	1,303,000		-3,265,000
net change in cash and cash equivalents	-13,950,000	38,927,000	-221,109,000	148,767,000	-31,642,000	-108,681,000	-53,576,000	113,154,000	65,625,000	57,474,000	-52,368,000	88,076,000	-16,081,000	-130,561,000	-205,995,000	-305,898,000	-33,326,000	57,315,000	-133,798,000	158,121,000	-206,431,000	43,018,000	493,839,000	147,416,000	-52,652,000	-37,505,000	-28,659,000		-43,450,000	33,622,000	-123,913,000
cash and cash equivalents - beginning of period	0	0	308,962,000	0	0	0	354,094,000	0	0	0	170,209,000	0	0	0	434,770,000	0	0	0	850,477,000	0	0	0	361,930,000	0	0	0	333,330,000	0	0	0	413,613,000	0	0	0	378,613,000	0	0	0	260,067,000	1,000					0												0										473,342,000						0	0	59,737,000
cash and cash equivalents - end of period	-13,950,000	38,927,000	87,853,000	148,767,000	-31,642,000	-108,681,000	300,518,000	113,154,000	65,625,000	57,474,000	117,841,000	88,076,000	-16,081,000	-130,561,000	228,775,000	-305,898,000	-33,326,000	57,315,000	716,679,000	158,121,000	-206,431,000	43,018,000	855,769,000	147,416,000	-52,652,000	-37,505,000	304,671,000	53,458,000	-43,450,000	33,622,000	289,700,000	156,086,000	64,969,000	-32,639,000	225,197,000	86,946,000	43,733,000	8,958,000	238,976,000	-103,049,000					17,817,000												-9,015,000										418,807,000						-18,840,000	53,926,000	69,791,000
net cash (used for) operating activities			-54,672,000				-38,111,000
net cash from investing activities			-11,833,000				59,221,000		-45,810,000	-52,431,000	-46,020,000	-61,311,000	-71,677,000	-69,727,000	-58,660,000					-35,843,000	-31,328,000	2,283,000	-9,057,000	-65,802,000	-58,233,000	-61,217,000	10,358,000	-58,486,000	-82,555,000	-74,571,000	-67,217,000		-48,874,000	-46,545,000	-40,146,000			-36,479,000	-25,094,000			-37,786,000	-42,821,000		-64,398,000	-74,565,000	-62,653,000		-47,170,000	-46,323,000	-37,391,000	-12,000	0	7,215,000	-7,983,000					0	0			-18,721,000	-6,610,000	30,000	-23,768,000	-28,279,000	-59,896,000	-56,880,000	223,444,000		-112,986,000	74,741,000	191,118,000
impairment of assets
exchange of convertible senior notes
purchase of available-for-sale investments																0	0	0	-75,000,000	0	0	0	-14,956,000	-15,000,000	-20,000,000	-30,000,000	-20,000,000	-78,083,000	-84,829,000	-20,000,000	-20,000,000
purchase of equity method investment
accelerated share repurchase												0	0
principal paid in connection with exchange of convertible senior notes due 2025												-342,000	0
repurchase of common stock as part of publicly announced programs				-59,971,000	0	-95,993,000	-34,948,000													0	0	0	-20,000,000	0	-32,381,000	-60,000,000	-20,000,000	-74,073,000	-25,419,000	0	-44,913,000	0	0	0	-87,682,000					-211,612,000								0	0	0	-33,051,000					0				-23,802,000	0	-120,459,000	-71,809,000									-195,072,000	-58,458,000	-99,528,000	-85,233,000
effect of exchange rates on cash																																																																								1,260,000	-152,000	1,450,000	805,000
net cash from financing activities							-74,214,000		-22,574,000	-48,322,000	1,908,000	-343,746,000	37,946,000	-63,738,000	-38,355,000	-30,377,000	-36,767,000	-35,928,000	-22,125,000	-19,955,000	-200,349,000	-134,360,000	714,571,000	-23,079,000	-55,372,000	-86,136,000	-46,639,000	-102,368,000	-49,251,000	-16,603,000	-84,281,000		-23,916,000	-27,341,000	-123,590,000			-24,478,000	-29,114,000			-20,735,000	-29,292,000		-25,204,000	-25,478,000	-25,628,000		-24,450,000	-20,646,000	-49,282,000				-11,757,000								-122,525,000	-41,172,000	-42,275,000	-17,470,000	-18,888,000	-20,821,000	-19,511,000	-19,909,000	51,730,000		-79,222,000	-114,440,000	-104,193,000
acquisitions of businesses, net of cash acquired
proceeds from revolving line of credit and convertible senior notes
loss on exchange of convertible senior notes												4,654,000	0
proceeds from revolving line of credit and convertible notes																				0	0
adjustments to reconcile net income to net cash from operating activities
proceeds from convertible senior notes
proceeds from revolving credit facilities																							330,000,000
proceeds from convertible notes																							406,108,000
operating lease assets and liabilities
foreign currency transaction gain																																	352,000	-4,516,000	-838,000		1,462,000	2,344,000	-4,612,000																-145,000				-219,000
prepaid expenses and other																												2,237,000	9,853,000	-5,692,000	-9,765,000	-16,619,000	48,629,000	-15,063,000	-17,346,000	167,000	12,861,000	-8,484,000	-4,876,000	-2,512,000	-2,715,000	-1,773,000	-27,000	3,127,000	13,137,000	967,000	-2,949,000	23,023,000	6,760,000	-20,130,000	-20,497,000	-8,492,000	9,635,000	-392,000	-347,000	-10,634,000	26,170,000	-6,470,000	-30,327,000	-4,166,000	48,695,000	-10,574,000	-43,000,000	5,148,000	10,089,000	-539,000	-1,635,000	-14,359,000	18,171,000	28,379,000	-56,972,000	3,802,000	22,201,000	-3,927,000	-23,410,000
unredeemed gift cards and gift certificates																												23,606,000	-2,734,000	-6,692,000	-12,298,000	22,707,000	-2,983,000	-7,491,000	-13,107,000	22,730,000	-1,312,000	-6,807,000	-10,146,000	20,267,000	-2,227,000	-6,620,000	-10,665,000	20,702,000	-1,276,000	-6,498,000	-11,690,000	22,870,000	-1,685,000	-6,935,000	-12,981,000	23,381,000	-1,288,000	-6,360,000	-14,260,000	22,588,000	-3,977,000	-2,672,000	-11,960,000	20,629,000	-952,000	-5,259,000	-12,705,000	19,594,000	-1,328,000	-6,581,000	-15,115,000	14,136,000	-834,000	-6,724,000	-17,970,000	24,177,000	-59,000	-10,346,000	-14,471,000
deferred lease credits																												-2,203,000	-1,062,000	-3,846,000	5,282,000	-4,303,000	-2,964,000	-3,355,000	11,606,000	-2,652,000	-3,295,000	-3,440,000	4,158,000	-3,771,000	-2,677,000	-168,000	2,517,000	-4,139,000	-3,837,000	1,666,000	1,782,000	-5,727,000	-2,561,000	-1,881,000	10,752,000	-4,177,000	-4,304,000	-3,795,000	1,203,000	-3,483,000	-3,082,000	-1,098,000	-174,000	-4,583,000	-63,000	-2,377,000	-428,000	-4,204,000	-4,471,000	-2,660,000	15,508,000	-3,857,000	11,390,000	6,999,000	4,355,000	2,244,000	3,523,000	1,890,000	-3,017,000
accrued income and other taxes																												-9,247,000	10,664,000	-3,480,000	9,284,000	-4,954,000	3,635,000	1,104,000	780,000	-17,733,000	19,058,000	3,118,000	-15,138,000	-22,034,000	27,345,000	1,249,000	-24,175,000	4,928,000	19,846,000	-1,538,000	1,590,000	-7,446,000	1,934,000	3,775,000	-24,103,000	-17,050,000	24,670,000	-5,530,000	-9,498,000	-2,479,000	5,454,000	259,000	-18,749,000	25,646,000	-3,530,000	1,613,000	-11,730,000	379,000	17,789,000	-5,416,000	110,000	-8,771,000	-222,000	-5,224,000	-6,480,000
accrued liabilities																												-5,413,000	-10,896,000	16,539,000	11,801,000	-9,407,000	983,000	8,383,000	2,101,000	-12,211,000	-6,826,000	-872,000	4,442,000	-21,149,000	3,727,000	20,541,000	-17,252,000	-7,865,000	11,998,000	-2,017,000	-11,128,000	27,756,000	1,022,000	559,000	-1,732,000	6,906,000	4,024,000	4,102,000	5,154,000	3,399,000	2,097,000	-4,648,000	90,000	10,121,000	3,523,000	5,472,000	-6,659,000	-3,535,000	3,875,000	1,903,000	-3,892,000	8,373,000	-4,574,000	-19,214,000	-3,773,000	26,636,000	30,964,000	38,291,000	-96,939,000
total adjustments																												136,888,000	5,720,000	64,074,000	-11,939,000	112,369,000	71,146,000	21,276,000	-14,528,000	108,120,000	25,729,000	29,905,000	-10,607,000	97,326,000	46,103,000	26,984,000	-41,786,000	133,526,000	96,152,000	28,171,000	-8,210,000	146,122,000	62,603,000	4,808,000	-66,660,000	194,078,000	80,630,000	-12,116,000	-27,019,000	236,055,000	-15,531,000	-65,459,000	-67,514,000	169,107,000	91,353,000	-4,000,000	-35,800,000	181,742,000	5,331,000	66,498,000	-36,131,000	155,031,000	32,909,000	30,234,000	-95,042,000	135,772,000	74,094,000	10,831,000	-156,446,000
acquisition of intangible assets																												-125,000	-119,000	-114,000	-314,000	-2,036,000	-457,000	-113,000	-75,000	-313,000	-181,000	-276,000	-758,000	-224,000	-478,000	-602,000	-1,078,000	-180,000	-190,000	-254,000	-640,000	-5,307,000	-828,000	-405,000	-295,000	-167,000	-284,000	-454,000	-220,000	-301,000	-341,000	-394,000	-33,151,000
payments on capital leases and other
excess tax benefit from share-based payments																																				5,000	272,000	23,000	463,000	4,000	0	59,000	594,000	0	45,000	1,000	696,000	-566,000	-88,000	-78,000	-8,101,000	-8,914,000	-1,471,000	-251,000	-2,643,000	-221,000	0	-13,000	-139,000	-8,234,000	-165,000	-77,000	-4,023,000	-83,000	-1,324,000	-1,318,000	-87,000	-414,000	0	-154,000	-125,000	-171,000	-231,000	-3,126,000	-2,628,000
net increase in cash and cash equivalents																																				86,946,000																								36,818,000	205,252,000			181,357,000	12,340,000	81,456,000	-54,535,000	140,505,000	-20,553,000	15,152,000	222,177,000	11,184,000	-18,840,000	53,926,000	10,054,000
foreign currency transaction loss																													-3,000,000	1,019,000	555,000									3,541,000	498,000	2,630,000	-3,692,000	-570,000	-46,000	25,000	96,000	580,000	-138,000	296,000	640,000	76,000	-448,000			-48,000	-496,000			73,000	-1,115,000	1,272,000	-113,000	-60,000	852,000	4,816,000	869,000	-1,434,000				-577,000
payments on capital leases																													-371,000	-1,272,000	-3,284,000		-1,517,000	-4,806,000	-2,382,000		-1,702,000	-3,221,000	-681,000		-2,222,000	-1,542,000	-1,542,000		-1,195,000	-1,176,000	-1,391,000	-1,446,000	-1,133,000	2,304,000	-2,564,000	-551,000	-849,000	-725,000	-941,000	-913,000	-787,000	-800,000	-756,000	-816,000	-629,000	-582,000	-563,000	-678,000	-366,000	-505,000	-466,000		-960,000	-209,000	-589,000		-491,000	-458,000	-388,000
supplemental disclosure of cash flow information:
cash paid during the period for income taxes																													16,592,000	25,178,000	4,834,000		4,036,000	28,694,000	4,092,000		13,931,000	36,595,000	27,036,000		20,861,000	17,654,000	43,282,000		-3,485,000	3,113,000	7,995,000		2,134,000	25,532,000	33,023,000		17,941,000	26,824,000	34,782,000		2,092,000	9,114,000	50,419,000		4,094,000	3,892,000	28,276,000		7,185,000	5,356,000	4,705,000		10,002,000	13,018,000	84,461,000		66,168,000	53,180,000	111,266,000
cash paid during the period for interest																													282,000	276,000	274,000		279,000	277,000	262,000		271,000	276,000	334,000		281,000	278,000	333,000		131,000	117,000	200,000		88,000	109,000	100,000		115,000	99,000	33,000						0	30,000	161,000		463,000	838,000	477,000		230,000	309,000	341,000
gain from discontinued operations, net of tax
income from continuing operations																																				54,622,000				81,710,000								10,510,000	24,903,000	19,594,000	27,976,000	94,776,000	82,441,000			51,284,000	52,427,000	19,669,000	28,325,000	87,038,000	33,191,000
gain on sale of assets
net cash from operating activities from continuing operations																																				162,742,000				179,036,000												288,854,000	163,071,000			287,339,000	36,896,000	-45,790,000	-39,189,000	256,145,000	124,544,000
acquisitions and purchase of long-lived assets in business combination
proceeds from sale of assets
net cash from investing activities from continuing operations																																				-54,191,000				-42,663,000												-144,815,000	-16,943,000			71,589,000	-8,605,000	-17,153,000	-133,207,000
net cash from financing activities from continuing operations																																				-21,552,000				-237,124,000												-175,696,000	-291,366,000			-19,593,000	-37,330,000	-22,114,000	-21,689,000	-133,398,000	-20,726,000
cash flows of discontinued operations
net cash from discontinued operations																																								0												-4,147,000	-6,937,000							-3,125,000	-23,290,000
net decrease in cash and cash equivalents																																		-32,639,000	-153,416,000			8,958,000	-21,091,000	-103,050,000	35,827,000	383,000	-83,790,000	130,251,000	17,817,000	-65,071,000	-91,234,000		9,096,000	-37,987,000	-125,944,000		-151,394,000	-17,366,000	-6,102,000		-9,015,000	-85,369,000	-192,925,000				-158,721,000
loss from discontinued operations, net of tax
sale of available-for-sale securities																																												0	0	0	10,002,000	36,803,000	56,809,000	45,395,000	23,778,000	-20,915,000	15,823,000	473,000	20,119,000	82,803,000	42,765,000	66,342,000	48,887,000	0	149,597,000	21,025,000	6,850,000	3,339,000	27,100,000	38,377,000	11,537,000
purchase of available-for-sale securities																																																-34,692,000	-9,802,000	7,646,000	-15,217,000	-101,017,000	-9,499,000	2,481,000	-3,051,000	-7,523,000	-19,885,000	-55,244,000	-111,199,000
cash and cash equivalents—beginning of period																																															418,933,000				509,119,000		0	0	719,545,000
cash and cash equivalents—end of period																																															327,699,000				383,175,000		-151,394,000	-17,366,000	713,443,000
cash and cash equivalents — beginning of period																																											410,697,000					0											667,593,000	0	0	0	693,960,000	0	0			0	0	0	116,061,000
cash and cash equivalents — end of period																																											326,907,000					64,649,000											474,668,000	36,818,000	205,252,000	-109,716,000	535,239,000	181,357,000	12,340,000			140,505,000	-20,553,000	15,152,000	338,238,000
purchase of long-lived assets in a business combination
cash used to net settle equity awards																																																												0	0	0	-6,434,000
purchase of assets in acquisition																																																	0
provision for deferred income taxes																																																-3,378,000	-118,000	237,000	23,446,000	-10,185,000	-4,677,000	-13,784,000	-2,772,000	-7,046,000	-5,136,000	7,681,000	8,708,000	6,663,000	-12,711,000	6,339,000	11,594,000	-10,372,000	-31,635,000
tax benefit from share-based payments																																																574,000	105,000	177,000	7,890,000	8,978,000	676,000	-26,000	4,422,000	63,000	3,000	34,000	256,000	2,800,000	-191,000	-903,000	13,942,000	-885,000	1,622,000	6,666,000	592,000	4,000	876,000	87,000	154,000	133,000	211,000	4,050,000	2,866,000
realized investment losses
repayment of note payable
loss from discontinued operations																																																					3,833,000							0	167,000
adjustments to reconcile income from continuing operations to net cash from operating activities of continuing operations:
adjustments to reconcile income from continuing operations to net cash from operating activities:
net impairment loss recognized in earnings																																																												0	0			715,000	0
realized loss on sale of investment securities																																																												0	24,201,000	0	225,000	0	0	0	2,749,000
capital expenditures	-69,661,000			-64,870,000	-60,723,000			-39,522,000	-42,956,000	-46,102,000	-45,857,000	-61,014,000	-71,506,000	-69,464,000	-58,394,000	-89,442,000	-58,200,000	-49,399,000	-36,806,000	-35,384,000	-31,189,000	-27,492,000	-33,910,000	-60,494,000	-58,073,000	-55,219,000	-36,574,000	-45,081,000	-42,580,000	-54,457,000	-46,903,000		-48,417,000	-46,432,000	-40,071,000			-36,203,000	-24,336,000	-44,576,000	-29,753,000	-37,184,000	-41,743,000	-34,468,000	-64,208,000	-74,311,000	-72,015,000		-93,349,000	-78,208,000	-45,657,000	-22,716,000	-22,983,000	-23,409,000	-24,831,000					-18,896,000	-26,019,000	-20,267,000	-19,077,000	-21,165,000	-33,287,000	-38,092,000	-34,875,000	-38,669,000	-69,180,000	-83,857,000	-73,629,000		-70,214,000	-55,001,000	-65,321,000
free cash flows	-2,513,000			318,883,000	-7,818,000			256,845,000	93,496,000	110,005,000	-54,073,000	431,984,000	-52,911,000	-66,514,000	-166,641,000	80,528,000	-46,386,000	72,061,000	-36,379,000	177,508,000	-5,164,000	145,983,000	-243,804,000	176,722,000	2,530,000	54,659,000	-28,855,000	167,975,000	48,612,000	69,950,000	-18,913,000		86,463,000	-3,920,000	-29,363,000			35,294,000	5,533,000	-44,576,000	-84,074,000	23,063,000	-54,474,000	-168,331,000	40,978,000	-40,327,000	-76,359,000		-10,639,000	-49,010,000	-84,341,000	-26,851,000	-29,920,000	-49,631,000	-12,153,000					-22,021,000	-49,309,000	9,592,000	-43,955,000	219,901,000	31,203,000	56,978,000	-49,039,000	149,093,000	6,333,000	6,208,000	-124,776,000		103,306,000	37,174,000	-142,997,000
proceeds from issuance of note payable
net cash from by investing activities from continuing operations																																																													123,259,000
repayment of notes payable																																																													0
cash flows from discontinued operations
effect of exchange rate on cash																																																																						1,876,000	-1,850,000
accounts and note receivable																																																															-4,804,000		-5,656,000				-18,471,000	14,952,000	-9,769,000		-3,226,000
net cash from by investing activities																																																															-12,621,000
partial repayment of notes payable																																																															-12,500,000
partial repayment of note payable
proceeds from issuance of notes payable
effect of exchange rate changes on cash																																																																			2,285,000
stock-based compensation
other-than-temporary impairment charge
proceeds from sale of trading securities
payments on note payable and capital leases
cash paid for fractional shares in connection with three-for-two stock split
other-than-temporary impairment charges
purchase of investments																																																																					554,000	-32,000	-49,897,000			-134,125,000	-301,421,000
sale of investments																																																																					9,458,000	27,804,000	347,133,000			263,867,000	558,680,000
net proceeds from issuance of notes payable																																																																					0	0	75,000,000
income from discontinued operations
adjustments to reconcile income from continuing operations to net cash from operating activities
purchase of avaliable-for-sale securities
sale of avaliable-for-sale securities
supplemental disclosure of non-cash transactions:
transfer of investment securities from available-for-sale to trading classification
accounts and note receivable, including related party																																																																											-13,459,000
unredeemed stored value cards and gift certificates
retirement of note payable and termination of swap agreement

American Eagle Outfitters(NYSE:AEO)

American Eagle Outfitters
(NYSE:AEO)