Circuit City 1997 Annual Report Download - page 28

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11. QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly financial data is as follows:
EXHIBIT INDEX
Net sales.............................. $ 234,078 $ 677,815 $ 911,893
Income from operations................. 4,224 65,250 69,474
Identifiable assets.................... 78,490 252,949 331,439
YEAR ENDED DECEMBER 31, 1995 EUROPE NORTH AMERICA TOTAL
---------------------------- ----------------- ------------------ -----------------
Net sales.............................. $ 188,765 $ 445,719 $ 634,484
Income from operations................. 8,846 45,425 54,271
Identifiable assets.................... 66,369 181,146 247,515
FIRST SECOND THIRD FOURTH
DECEMBER 31, 1997 QUARTER QUARTER QUARTER QUARTER
----------------- ------- ------- ------- -------
Net sales............................... $273,537 $ 259,485 $ 259,661 $ 352,705
Gross profit............................ 69,407 64,167 57,289 74,679
Net income.............................. 12,088 11,665 2,136 12,923
Net income per common share:
Basic and diluted.............. $ .32 $ .31 $ .06 $ .34
FIRST SECOND THIRD FOURTH
DECEMBER 31, 1996 QUARTER QUARTER QUARTER QUARTER
----------------- ------- ------- ------- -------
Net sales............................... $218,732 $ 213,707 $ 225,868 $ 253,586
Gross profit............................ 65,021 60,070 60,313 64,212
Net income.............................. 11,392 9,787 10,683 11,842
Net income per common share:
Basic and diluted.............. $ .31 $ .26 $ .28 $ .31
* * * * * *
10.6 Lease Agreement dated as of July 17, 1997
between the Company and South Bay Industrials
Company (New Compton facility)
10.14 Employment Agreement dated as of December 12, 1997
between the Company and Steven M. Goldschein
21.1 Subsidiaries of the Registrant
23 Consent of experts and counsel; Consent of Independent
Public Accountants
27 Financial Data Schedule