INCOME STATEMENT 2004 2005 2006

REVENUE
Net Sales $47,148,627 $51,879,070 $58,963,180
Membership Fees 961,280 1,073,156 1,188,047
Total Revenue 48,109,907 52,952,226 60,151,227
OPERATING EXPENSES
Merchandise Costs 42,092,016 46346961 52745497
SG&A 4,600,792 5061339 5732141
Preopening Expenses 30,451 53230 42504
Impared Assets and Closing Costs 1,000 16393 5453
Operating Income 1,385,648 1,474,303 1,625,632
OTHER INCOME (EXPENSE)
Interest Expense -36651 -34437 -12570
Interest Income and Other 51627 109096 138355
IBIT 1,400,624 1,548,962 1,751,417
Provisions For Income Taxes 518,231 485870 648202
NET INCOME 882,393 1,063,092 1,103,215
NET INCOME PER COMMON SHARE
Basic 1.91 2.25 2.39
Diluted 1.85 2.18 2.3
Shares Used In Calculations (000's)
Basic 459,223 473,945 469718
Diluted 482,459 492035 480341
Dividends Per Share $0.49 0.43 0.49

2004 2005 2006

Amount of Shares Outstanding 462,673 472,480 462,279
 2007 2008 2009
66,038,762 73,963,413 82,839,023
1,330,612.64 1,490,286.16 1,669,120.50
67,369,374 75,453,699 84,508,143

67,369,374 75,453,699 84,508,143

67,369,374 75,453,699 84,508,143

67,369,374 75,453,699 84,508,143

#DIV/0! #DIV/0! #DIV/0!

2007 2008 2009

 2006 2007 2008 2009
Net Sales 12% 58,963,180 66,038,762 73,963,413 82,839,023
Food 30% 17,688,954 19,811,628 22,189,024 24,851,707
Sundries 24% 14,151,163 15,849,303 17,751,219 19,881,365
Hardlines 20% 11,792,636 13,207,752 14,792,683 16,567,805
Softlines 12% 7,075,582 7,924,651 8,875,610 9,940,683
Other 14% 8,254,845 9,245,427 10,354,878 11,597,463
13.7
10.1
13.1
36.9
12.3