Financial Summary (All financials)
In millions, except per share items | Feb-26-22 | Feb-27-21 | Feb-29-20 | Mar-02-19 | Mar-03-18 | Feb-25-17 | Feb-27-16 | Feb-28-15 |
Revenues | 7,867.8 | 9,233.0 | 11,158.6 | 12,028.8 | 12,349.3 | 12,215.8 | 12,103.9 | 11,881.2 |
Revenue growth | -14.8% | -17.3% | -7.2% | -2.6% | 1.1% | 0.9% | 1.9% | 3.3% |
Cost of goods sold | 5,384.3 | 6,114.9 | 7,616.9 | 7,924.8 | 7,906.3 | 7,639.4 | 7,483.6 | 7,261.4 |
Gross profit | 2,483.5 | 3,118.1 | 3,541.7 | 4,104.0 | 4,443.0 | 4,576.4 | 4,620.3 | 4,619.8 |
Gross margin | 31.6% | 33.8% | 31.7% | 34.1% | 36.0% | 37.5% | 38.2% | 38.9% |
Selling, general and administrative | 2,692.3 | 3,224.4 | 3,732.5 | 3,681.2 | 3,681.7 | 3,441.1 | 3,205.4 | 3,065.5 |
EBIT | -389.4 | -208.5 | -190.8 | 422.8 | 761.3 | 1,135.2 | 1,414.9 | 1,554.3 |
EBIT margin | -4.9% | -2.3% | -1.7% | 3.5% | 6.2% | 9.3% | 11.7% | 13.1% |
Pre-tax income | -472.7 | -336.8 | -764.9 | -156.6 | 695.7 | 1,065.7 | 1,327.4 | 1,503.8 |
Income taxes | 87.0 | -186.0 | -151.0 | -19.4 | 270.8 | 380.5 | 486.0 | 546.4 |
Tax rate | | 55.2% | 19.7% | 12.4% | 38.9% | 35.7% | 36.6% | 36.3% |
Net income | -559.6 | -150.8 | -613.8 | -137.2 | 424.9 | 685.1 | 841.5 | 957.5 |
Net margin | -7.1% | -1.6% | -5.5% | -1.1% | 3.4% | 5.6% | 7.0% | 8.1% |
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Diluted EPS | ($5.64) | ($1.24) | ($4.94) | ($1.02) | $3.04 | $4.58 | $5.10 | $5.07 |
Shares outstanding (diluted) | 99.2 | 121.4 | 124.4 | 134.3 | 139.7 | 149.7 | 165.0 | 188.9 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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