Highlights
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ANNUAL REPORT HIGHLIGHTS
 
     1999*    1998    1997    1996
 
Statement of Income Data:
Net Sales    $1,034,561    $897,821    $792,655    $616,150
Gross Profit    $253,523    $220,487    $212,908    $164,918
Income Before Taxes    $19,067    $33,079    $56,995    $42,548
Income Per Common Share    $0.26    $0.44    $0.73    $0.56
Store Open at End of Year    205    182    151    123
Weighted Average Shares Outstanding    45,307    46,498    47,310    46,241
 
Balance Sheet Data:
Working Capital    $115,390    $110,985    $110,296    $86,588
Total Assets    $352,200    $318,012    $270,604    $218,564
Long-term Debt, Less Current Portion    -    -    -    1
Total Stockholder's Equity    $179,912    $177,979    $165,803    $132,143
* 1999 includes a $20.5 million pre-tax charge, primarily for the closing of ten stores and asset impariment expenses. Gross profit was reduced by $4.6 million as part of the total charge.

CORPORATE INFORMATION

Headquarters:
1200 Riverplace Boulevard
Jacksonville, Florida 32207
(904) 346-1500 phone
(904) 398-4341 fax

Executive Officers:
Jay Stein, Chairman and Chief Executive Officer
John H. Williams, Jr., President and Chief Operating Officer
Gwen Manto, Executive Vice President, Merchandising
Michael D. Fisher, Executive Vice President, Stores
James G. Delfs, Senior Vice President and Chief Financial Officer
D. Hunt Hawkins, Senior Vice President, Human Resources

For more information:
Susan Datz Edelman, Director of Stockholder Information
(904) 346-1506 phone
(904) 346-1280 fax
e-mail: SMRT@steinmart.com