INCOME STATEMENT 2004 2005

REVENUE
Net Sales $47,148,627 $51,879,070
Membership Fees 961,280 1,073,156
Total Revenue 48,109,907 52,952,226
OPERATING EXPENSES
Merchandise Costs 42,092,016 46,346,961
SG&A 4,600,792 5,061,339
Preopening Expenses 30,451 53,230
Impared Assets and Closing Costs 1,000 16,393
Operating Income 1,385,648 1,474,303
Gross Profit 5,056,611 5,532,109
OTHER INCOME (EXPENSE)
Interest Expense (36,651) (34,437)
Interest Income and Other 51,627 109,096
IBIT 6,457,235 7,081,071
Provisions For Income Taxes 518,231 485,870
NET INCOME 5,939,004 6,595,201
NET INCOME PER COMMON SHARE
Basic 12.84 13.96
Diluted 1.85 2.18
Shares Used In Calculations (000's)
Basic 459,223 473,945
Diluted 482,459 492,035
Dividends Per Share $0.49 0.43

0.14 0.16

2004 2005
Amount of Shares Outstanding 462,673 472,480
 2006 2007 2008 2009
$58,963,180 $67,218,025 $75,956,368 $85,830,696
1,188,047 1,354,374 1,530,442 1,729,400
60,151,227 68,572,399 77,486,811 87,560,096

52,745,497 59,715,412 65,686,953 72,912,518

5,732,141 6,419,998 7,190,398 8,053,245
42,504 50,155 59,183 69,835
5,453 5,889 6,360 6,869
1,625,632 2,380,945 4,543,917 6,517,628
6,217,683 7,502,614 10,269,416 12,918,179

(12,570) (12,947) (13,336) (13,736)

138,355 109,096 138,355 109,096
7,969,100 9,979,708 14,938,352 19,531,168
648,202 864,770 1,153,695 1,539,151
7,320,898 9,114,938 13,784,658 17,992,017

15.84 16.34 18.54 19.72

2.3 2.35 2.40 2.42

469,718.00 470,188 470,658 471,129

480,341 487,065.77 493,884.69 500,799.08
0.49 0.50 0.50 0.51

0.15

2006 2007 2008 2009

462,279 470,000 470,000 470,000
 2006 2007 2008 2009
Net Sales 13% 58,963,180 66,628,393 75,290,085 85,077,796
Food 30% 17,688,954 19,988,518 22,587,025 25,523,339
Sundries 24% 14,151,163 15,990,814 18,069,620 20,418,671
Hardlines 20% 11,792,636 13,325,679 15,058,017 17,015,559
Softlines 12% 7,075,582 7,995,407 9,034,810 10,209,335
Other 14% 8,254,845 9,327,975 10,540,612 11,910,891
13.7
10.1
13.1
36.9
12.3
INCOME STATEMENT 2004 2005 2006
REVENUE
Net Sales 47148627 51879070 58963180
Membership Fees 961280 1073156 1188047
Total Revenue 48109907 52952226 60151227
OPERATING EXPENSES
Merchandise Costs 42092016 46346961 52745497
SG&A 4600792 5061339 5732141
Preopening Expenses 30451 53230 42504
Impared Assets and Closing Costs 1000 16393 5453
Operating Income 1385648 1474303 1625632
Gross Profit 5056611 5532109 6217683
OTHER INCOME (EXPENSE)
Interest Expense -36651 -34437 -12570
Interest Income and Other 51627 109096 138355
IBIT 6457235 7081071 7969100
Provisions For Income Taxes 518231 485870 648202
NET INCOME 5939004 6595201 7320898
NET INCOME PER COMMON SHARE
Basic 12.84 13.96 15.84
Diluted 1.85 2.18 2.3
Shares Used In Calculations (000's)
Basic 459223 473945 469718
Diluted 482459 492035 480341
Dividends Per Share 0.49 0.43 0.49

2004 2005 2006

Amount of Shares Outstanding 462673 472480 462279
 2007 2008 2009
67807657 ### ###
### ### ###
### ### ###

### ### ###

### ### ###
50154.72 59182.57 69835.43
5889.24 6360.38 6869.21
### ### ###
### ### 13569307

-12821.4 -13077.83 -13339.38

109096 138355 109096
### ### ###
864770.07 ### ###
### ### ###

#NUM! #NUM! #NUM!

2007 2008 2009