Income Statement ($MM)

Year ended January 31 1999 2000 2001

Net Sales 30,219 38,434 45,738
Cost of Merchandise Sold 21,614 27,023 32,057
Gross Profit 8,605 11,411 13,681
Operating Expenses
Selling and Store Operating 5,341 6,832 8,513
Pre-Opening 88 113 142
General and Administrative 515 671 835
Non-Recurring Charge
Total Operating Expenses 5,944 7,616 9,490
Operating Income 2,661 3,795 4,191
Interest and Investment Income 30 37 47
Interest Expense (37) (28) (21)
Interest, net (7) 9 26
Earnings Before Income Taxes 2,654 3,804 4,217
Income Taxes 1,040 1,484 1,636
Net Earnings 1,614 2,320 2,581
Basic Earnings Per Share 0.73 1.03 1.11
Diluted Earnings Per Share 0.71 1.00 1.10
Weighted Average Number of
Common Shares Outstanding 2,206 2,244 2,315
Balance Sheet ($MM)
Year ended January 31 1999 2000 2001
Assets
Cash and Cash Equivalents 62 168 167
Short-Term Investments - 2 10
Receivables, net 469 587 835
Merchandise Inventories 4,293 5,489 6,556
Other Current Assets 109 144 209
Total Current Assets 4,933 6,390 7,777

Property and Equipment
Land 2,739 3,248 4,230
Buildings 3,757 4,834 6,167
Furniture, Fixtures and Equipment 1,761 2,279 2,877
Leasehold Improvements 419 493 665
Construction in Progress 540 791 1,032
Capital Leases 206 245 261
9,422 11,890 15,232
Less Accumulated Depreciation and Amortization 1,262 1,663 2,164
Net Property and Equipment 8,160 10,227 13,068
Cost in Excess of the Fair Value of Net Assets Acquired 268 311 314
Other 104 153 226
Total Assets 13,465 17,081 21,385
Liabilities and Stockholders' Equity

Accounts Payable 1,586 1,993 1,976
Accrued Salaries and Related Expenses 395 541 627
Sales Taxes Payable 176 269 298
Other Accrued Expenses 586 763 1,402
Income Taxes Payable 100 61 78
Current Installments of Long-Term Debt 14 29 4
Total Current Liabilities 2,857 3,656 4,385
Long-Term Debt, excluding current installments 1,566 750 1,545
Other Long-Term Liabilities 208 237 245
Deferred Income Taxes 85 87 195
Minority Interest 9 10 11
Total Liabilities 4,725 4,740 6,381
Stockholders' Equity
Common Stock 111 115 116
Paid-In Capital 2,817 4,319 4,810
Retained Earnings 5,876 7,941 10,151
Other (64) (34) (73)
Total Stockholders' Equity 8,740 12,341 15,004
Total Liabilities and Stockholders' Equity 13,465 17,081 21,385
Cash Flow Statement ($MM)
Year ended January 31 1999 2000 2001
CASH FLOW PROVIDED BY OPERATING ACTIVITY
Net Income (Loss) 1,614 2,320 2,581
Depreciation/Amortization 373 463 601
Net Incr (Decr) Assets/Liabs -131 -314 -416
Cash Prov (Used) by Disc Oper NA NA NA
Other Adjustments, Net 61 -23 30
Net Cash Prov (Used) by Oper 1,917 2,446 2,796

CASH FLOW PROVIDED BY INVESTING ACTIVITY
Fiscal Year Ending
(Incr) Decr in Prop, Plant -2,269 -2,494 -3,463
(Acq) Disp of Subs, Business -6 -101 -26
(Incr) Decr in Securities Inv 2 -2 -9
Other Cash Inflow (Outflow) 2 -25 -32
Net Cash Prov (Used) by Inv -2,271 -2,622 -3,530

CASH FLOW PROVIDED BY FINANCING ACTIVITY
Fiscal Year Ending
Issue (Purchase) of Equity 178 274 351
Issue (Repayment) of Debt 246 -246 754
Incr (Decr) In Borrowing -8 508 3
Dividends, Other Distribution -168 -255 -371
Other Cash Inflow (Outflow) NA NA NA
Net Cash Prov (Used) by Finan 248 281 737
Effect of Exchg Rate On Cash -4 1 -4
Net Change in Cash or Equiv -110 106 -1
Cash or Equiv at Year Start 172 62 168
Cash or Equiv at Year End 62 168 167