Financials

2004 Financial Highlights

Fiscal Year Ended
(dollars in millions except per share data) Jan 23
2005
Jan 25
2004
Jan 26
2003
Sales $ 3,879.5 $ 3,698.6 $ 3,486.1
% Increase 4.9% 6.1% 2.9%
Consolidated net income $ 131.9 $ 115.2 $ 107.6
Consolidated diluted EPS $ 1.69 $ 1.46 $ 1.31
Consolidated cash, net of debt $ 143.2 $ 180.4 $ 106.4
Return on beginning equity 12.0% 11.7% 11.8%




All earnings per share figures are on a GAAP basis and include the impact of lease-related accounting adjustments as well as non-operating adjustments. Prior-year amounts have been restated to correct lease accounting.