v3.26.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 31, 2026
Aug. 01, 2025
Jul. 31, 2026
Aug. 01, 2025
Current Earnings        
Net sales $ 25,956 $ 23,959 $ 49,034 $ 44,888
Cost of sales 17,379 15,858 32,914 29,800
Gross margin 8,577 8,101 16,120 15,088
Expenses:        
Selling, general and administrative 4,456 4,175 8,879 8,222
Depreciation and amortization 572 457 1,138 902
Operating income 3,549 3,469 6,103 5,964
Interest – net 374 313 773 650
Pre-tax earnings 3,175 3,156 5,330 5,314
Income tax provision 776 758 1,303 1,276
Net earnings $ 2,399 $ 2,398 $ 4,027 $ 4,038
Weighted-average common shares outstanding - basic (in shares) 559 559 559 559
Basic earnings per common share (in dollars per share) $ 4.28 $ 4.28 $ 7.18 $ 7.21
Weighted-average common shares outstanding - diluted (in shares) 560 560 560 560
Diluted earnings per common share (in dollars per share) $ 4.27 $ 4.27 $ 7.17 $ 7.19
Current Earnings (Percentages)        
Net sales 100.00% 100.00% 100.00% 100.00%
Cost of sales 66.96% 66.19% 67.13% 66.39%
Gross margin 33.04% 33.81% 32.87% 33.61%
Expenses:        
Selling, general and administrative 17.17% 17.42% 18.10% 18.31%
Depreciation and amortization 2.20% 1.91% 2.32% 2.01%
Operating income 13.67% 14.48% 12.45% 13.29%
Interest – net 1.44% 1.31% 1.58% 1.45%
Pre-tax earnings 12.23% 13.17% 10.87% 11.84%
Income tax provision 2.99% 3.16% 2.66% 2.84%
Net earnings 9.24% 10.01% 8.21% 9.00%