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Previous: SHOPKO STORES INC, 8-K, EX-99.1, 2000-06-30 |
Next: SHOPKO STORES INC, 8-K, EX-99.3, 2000-06-30 |
<PAGE> 1
EXHIBIT 99.2
ShopKo Stores, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings
Fiscal Year Ended January 30, 1999
(unaudited)
<TABLE>
<CAPTION>
F1998
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First Second Third Fourth
Quarter Quarter Quarter Quarter YTD
F1998 F1998 F1998 F1998 F1998
(In thousands, except per share data) Restated Restated Restated Restated Restated
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<S> <C> <C> <C> <C> <C>
Revenues:
Net sales $ 504,180 $ 532,015 $ 570,985 $ 744,003 $2,351,183
Licensed department rentals and other income 2,781 2,743 2,891 3,184 11,599
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506,961 534,758 573,876 747,187 2,362,782
Costs and expenses:
Cost of sales 375,189 391,037 429,511 540,094 1,735,831
Selling, general and administrative expenses 105,056 109,754 109,474 122,352 446,636
Special charges 1,696 2,241 1,786 - 5,723
Depreciation and amortization expenses 15,673 15,999 14,773 14,369 60,814
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497,614 519,031 555,544 676,815 2,249,004
Income from operations 9,347 15,727 18,332 70,372 113,778
Interest expense - net (9,044) (9,439) (10,489) (9,882) (38,854)
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Earnings from continuing operations before income
taxes 303 6,288 7,843 60,490 74,924
Provision for income taxes (36) 2,312 2,923 23,571 28,770
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Earnings from continuing operations 339 3,976 4,920 36,919 46,154
Discontinued operations, net of income taxes 1,812 1,924 2,044 3,702 9,482
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Net earnings $ 2,151 $ 5,900 $ 6,964 $ 40,621 $ 55,636
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Earnings per share of common stock:
Basic:
Earnings from continuing operations $ 0.01 $ 0.15 $ 0.19 $ 1.41 $ 1.77
Earnings from discontinued operations 0.07 0.08 0.08 0.15 0.37
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Net earnings $ 0.08 $ 0.23 $ 0.27 $ 1.56 $ 2.14
============================================================================
Diluted:
Earnings from continuing operations $ 0.01 $ 0.15 $ 0.19 $ 1.39 $ 1.74
Earnings from discontinued operations 0.07 0.07 0.07 0.14 0.36
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Net earnings $ 0.08 $ 0.22 $ 0.26 $ 1.53 $ 2.10
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Weighted average number of common
shares outstanding 25,869 26,067 26,093 26,113 26,035
Adjusted weighted average number of common
shares outstanding 26,346 26,626 26,517 26,592 26,517
Restated to reflect ProVantage as discontinued operations.
</TABLE>
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