for the full year it is $1.46
Ames Dept. Stores 4Q Net $1.23/Diluted Shr Vs 87c
Ames Department Stores Inc. - Rocky Hill, Conn.
4th Quar Jan. 31:
1998 1997
Sales $796,426,000 $734,248,000
Inc bef item 29,579,000 20,718,000
Extrd item .... a (1,354,000)
Net income 29,579,000 19,364,000
Avg shrs (basic) 22,404,000 20,473,000
Avg shrs (diluted) 24,003,000 22,379,000
Shr earns (basic*)
Inc bef item 1.32 1.01
Extrd item .... a (.06)
Net income 1.32 .95
Shr earns (diluted**)
Inc bef item 1.23 .93
Extrd item .... a (.06)
Net income 1.23 .87
Figures in parentheses are losses.
a. On early debt extinguishment.
* - 'Basic' earnings per share is calculated by dividing net earnings
applicable to common shares by common shares outstanding. This replaces
'primary' earnings per share, which included common stock equivalents in
the calculation. The year ago per share amounts are restated to reflect the
current presentation.
** - 'Diluted' earnings per share includes options, warrants and convertible
securities in the calculation.
Ames Department Stores Inc. (AMES) said fourth quarter same-store sales
rose 4.7%.
Year Jan. 31:
1998 1997
Sales $2,325,295,000 $2,255,749,000
Inc bef item 34,546,000 18,655,000
Extrd item .... a (1,354,000)
Net income 34,546,000 17,301,000
Avg shrs (basic) 21,723,000 20,467,000
Avg shrs (diluted) 23,649,000 21,812,000
Shr earns (basic*)
Inc bef item 1.59 .91
Extrd item .... a (.06)
Net income 1.59 .85
Shr earns (diluted**)
Inc bef item 1.46 .85
Extrd item .... a (.06)
Net income 1.46 .79
Figures in parentheses are losses.
a. On early debt extinguishment.
Ames Department Stores plans five to 10 new stores in 1998.
Year same-store sales rose 2.1%.
Ames Department Stores, a discount retailer, operates 298 stores in 14
states and Washington D.C. |
