Safeway 1998 Annual Report Download - page 4

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Financial Highlights
52 Weeks 53 Weeks 52 Weeks
(Dollars in millions, except per-share amounts) 1998 1997 1996
For the Year:
Sales $24,484.2 $22,483.8 $17,269.0
Gross profit 7,124.5 6,414.7 4,774.2
Operating profit 1,601.7 1,279.7 891.7
Income before extraordinary loss 806.7 621.5 460.6
Net income 806.7 557.4 460.6
Diluted earnings per share:
Income before extraordinary loss $ 1.59 $ 1.25 $ 0.97
Net income 1.59 1.12 0.97
Capital expenditures (Note 1) 1,189.7 829.4 620.3
At Year-End:
Common shares outstanding (in millions) (Note 2) 490.3 476.2 442.8
Retail square feet (in millions) 61.6 53.2 40.7
Number of stores 1,497 1,368 1,052
Note 1: Defined on page 14 under “Capital Expenditure Program.”
Note 2: Net of 60.6 million and 61.2 million shares held in treasury in 1998 and 1997.
*Defined on page 17