Safeway 1997 Annual Report Download - page 4

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1
95 96 97 95 96 9795 96 97
$0.68 $0.97 $1.25 6.52% 7.70% 5.35x 6.94x 7.18x
7.18%
Diluted Earnings per Share
(BEFORE EXTRAORDINARY LOSS)
Operating Cash Flow*
(% OF SALES)
Interest Coverage Ratio*
*Defined on page 17
53 Weeks 52 Weeks 52 Weeks
(Dollars in millions, except per-share amounts) 1997 1996 1995
■■■■■
For the Year:
Sales $22,483.8 $17,269.0 $16,397.5
Gross profit 6,414.7 4,774.2 4,492.4
Operating profit 1,279.7 891.7 727.4
Income before extraordinary loss 621.5 460.6 328.3
Net income 557.4 460.6 326.3
Diluted earnings per share (Note 1):
Income before extraordinary loss $ 1.25 $ 0.97 $ 0.68
Net income 1.12 0.97 0.68
Capital expenditures (Note 2) 829.4 620.3 503.2
At Year-End:
Common shares outstanding (in millions) (Notes 1 and 3) 476.2 442.8 427.4
Retail square feet (in millions) 53.2 40.7 40.1
Number of stores 1,368 1,052 1,059
Note 1: Share and per-share amounts reflect the two-for-one stock splits effected in February 1998 and in January 1996.
Earnings per share have been restated in accordance with Statement of Financial Accounting Standard No.128.
Note 2: Defined on pages 13 and 14 under “Capital Expenditure Program.”
Note 3: 1997 net of 61.2 million shares held in treasury.
Financial Highlights