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Financial results

By Furniture Today Staff -- Furniture Today, June 20, 2005

Earnings per share are fully diluted, and all figures in parentheses are loses or declines.

Big Lots
13 weeks ended 4/30 2005 (a)2004 Change
(a) Restated. (b) Based on average shares outstanding of 113.3 million in the 2005 13 weeks and 118.3 million in the 2004 13 weeks.
Sales $1,099,090,000 $1,019,198,000 7.8%
Operating income 40,331,000 37,532,000 7.5%
Net income 7,800,000 6,351,000 22.8%
Earnings per share (b) 0.07 0.05 40.0%
CFC International
Quarter ended 3/31 2005 2004 Change
(a) Includes pretax rental income of $33,000 in the 2005 quarter and $28,000 in the 2004 quarter and pretax foreign currency exchange losses of $277,000 in the 2005 quarter and $25,000 in the 2004 quarter. The 2005 quarter also includes a $65,000 pretax gain on interest rate swap and the 2004 quarter also includes a $67,000 pretax loss on interest rate swap.
Sales $22,989,000 $20,824,000 10.4%
Operating income 3,959,000 3,366,000 17.6%
Net income (a) 1,500,000 1,154,000 30.0%
Earnings per share 0.33 0.26 26.9%
Knape & Vogt
Quarter ended 4/2 2005 2004 Change
(a) Includes pretax impairment and restructuring charges of $2 million in the 2005 quarter and $204,027 in the 2005 nine months.
Sales $40,179,451 $36,859,638 9.0%
Operating income 2,299,816 2,204,333 4.3%
Net income (a)1,691,613 1,138,341 48.6%
Earnings per share 0.37 0.25 48.0%
9 months ended 4/2 2005 2004 Change
Sales $116,073,826 $107,215,636 8.3%
Operating income 4,696,224 4,722,236 (0.6%)
Net income (a)1,559,309 2,250,120 (30.7%)
Earnings per share 0.35 0.50 (30.0%)
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