Safeway 1998 Annual Report Download - page 41

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Note N: Quarterly Information (Unaudited)
The summarized quarterly financial data presented below reflect all adjustments which, in the opinion of management, are of a
normal and recurring nature necessary to present fairly the results of operations for the periods presented.
Last 16 Third 12 Second 12 First 12
(In millions, except per-share amounts) 52 Weeks Weeks Weeks Weeks Weeks
1998
Sales $24,484.2 $7,922.6 $5,589.0 $5,583.3 $5,389.3
Gross profit 7,124.5 2,288.1 1,650.1 1,622.2 1,564.1
Operating profit 1,601.7 511.8 377.8 380.9 331.2
Income before income taxes 1,396.9 441.6 335.5 334.4 285.4
Net income 806.7 255.0 193.7 193.2 164.8
Earnings per share:
Basic $ 1.67 $ 0.52 $ 0.40 $ 0.40 $ 0.34
Diluted 1.59 0.50 0.38 0.38 0.33
Price range, New York Stock Exchange 613⁄8613⁄8463⁄4407⁄16 371⁄4
to 30 1⁄2to 375⁄8to 371⁄4to 34 to 301⁄2
Last 17 Third 12 Second 12 First 12
(In millions, except per-share amounts) 53 Weeks Weeks Weeks Weeks Weeks
1997
Sales $22,483.8 $7,785.4 $5,371.4 $5,249.2 $4,077.8
Gross profit 6,414.7 2,211.3 1,552.6 1,505.3 1,145.5
Operating profit 1,279.7 439.6 317.3 298.0 224.8
Income before income taxes and
extraordinary loss 1,076.3 372.2 259.8 240.2 204.1
Extraordinary loss related to early
retirement of debt net of income
tax benefit (64.1) – (59.9) (4.2) –
Net income 557.4 214.9 90.1 129.9 122.5
Earnings per share:
Basic
Income before extraordinary loss $ 1.35 $ 0.46 $ 0.32 $ 0.29 $ 0.28
Extraordinary loss (0.14) – (0.13) (0.01) –
■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Net income $ 1.21 $ 0.46 $ 0.19 $ 0.28 $ 0.28
■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Diluted
Income before extraordinary loss $ 1.25 $ 0.43 $ 0.30 $ 0.27 $ 0.26
Extraordinary loss (0.13) – (0.12) (0.01) –
■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Net income $ 1.12 $ 0.43 $ 0.18 $ 0.26 $ 0.26
■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Price range, New York Stock Exchange $ 3123⁄32 $ 3123⁄32 $ 273⁄4$ 2413⁄16 $ 26
to 209⁄16 to 2511⁄32 to 231⁄16 to 211⁄8to 209⁄16