TJ Maxx 1997 Annual Report Download - page 21

T h e T J X C o m p a n i e s , I n c .
36
S E L E C T E D F I N A N C I A L D A T A ( C O N T I N U I N G O P E R A T I O N S )
The following selected financial data includes the results of Marshalls for the periods following its acqui-
sition on November 17, 1995. All prior year data has been restated to reflect Chadwick’s and Hit or Miss
as discontinued operations.
Fiscal Year Ended January
Dollars in Thousands Except Per Share Amounts 1 9 9 8 1 9 9 7 1 9 9 6 1 9 9 5 1 9 9 4
(53 weeks)
Income statement and
per share data:
Net sales $7,389,069 $6,689,410 $3,975,115 $3,055,573 $2,832,070
Income from continuing
operations before
extraordinary item and
cumulative effect of
accounting changes 306,592 213,826 51,589(1) 84,480 111,266
Weighted average shares
for diluted earnings per
share computations 174,806,092 175,325,050 145,390,950 146,918,900 148,260,956
Diluted earnings per share
from continuing operations
before extraordinary item $ 1.75 $ 1.22 $ .29 (1) $ .53 $ .70
Dividends per share .20 .14 .245 .28 .25
Balance sheet data:
Working capital $ 464,974 $ 425,595 $ 332,864 $ 240,646 $ 237,358
Total assets 2,609,632 2,506,761 2,545,825 1,373,964 1,171,412
Capital expenditures 192,382 119,153 105,864 109,436 102,279
Long-term debt 221,024 244,410 690,713 194,478 205,408
Shareholders’ equity 1,164,092 1,127,186 764,634 606,952 590,900
Stores in operation at year-end:
T.J. Maxx 580 578 587 551 512
Marshalls 461 454 496 – –
Winners 76 65 52 37 27
HomeGoods 23 21 22 15 10
T.K. Maxx 31 18 9 5 –
( 1 ) Includes an after-tax charge of $21.0 million, or $.14 per share, for the estimated cost of closing certain T.J. Maxx store s
in connection with the acquisition of Marshalls.
P R I C E R A N G E O F C O M M O N S T O C K
The following per share data reflects the two-for-one stock split distributed in June 1997.
The common stock of the Company is listed on the New York Stock Exchange (Symbol: TJX). The quar-
terly high and low trading stock prices for fiscal 1998 and fiscal 1997 are as follows:
Fiscal 1998 Fiscal 1997
Q u a rt e r H i g h L o w H i g h L o w
F i r s t $ 2 41⁄1 6 $ 1 91⁄8$ 1 53⁄8$ 91⁄4
S e c o n d 2 91 5⁄1 6 2 21⁄21 85⁄1 6 1 33⁄1 6
T h i rd 3 27⁄82 61⁄42 11 1 ⁄1 6 1 45⁄8
F o u rt h 3 89⁄1 6 2 6 2 41⁄81 95⁄1 6
The approximate number of common shareholders at January 31, 1998 was 43,800.
The Company declared four quarterly dividends of $.05 per share for fiscal 1998 and $.035 per share
for fiscal 1997.