S ULTA 12 Months Ended Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands Feb. 02, 2019 Feb. 03, 2018 Jan. 28, 2017 Consolidated Statements of Income $6,716,615 $5.884,506 3,787,697 $4,854,737 3,107,508 4,307,304 2,409,311 2.096,809 1.747.229 Net sales Cost of sales Gross profit Selling general and administrative expenses Pre-opening expenses Operating income Interest income, net 1,535,464 1,287,232 1,073,834 19,767 18,571 24,286 785,291 854,080 -5,061 654,824 -890 - 1,568 Income before income taxes 859,141 786,859 Income tax expense 200,582 231,625 $555,234 655,714 245,954 $409,760 Net income $658,559 Gross Margin/Gross Profit % 35.87% 35.63% 35.99% EPS - Basic $11.00 $9.02 $ 6.55 Instructions: Briefly discuss the Gross Margin % AND the EPS trends. No calculations required. BIVA IEE 3 12 x' x 5