ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Wednesday, May 15, 1996 TAG: 9605150075
SECTION: BUSINESS PAGE: B-7 EDITION: METRO
J.C. Penney Co. Inc.
1st qtr. ended 4-27 1996 1995
Revenues $4.45 billion $4.37 billion
Net Income $142 million $156 million
Share earnings 57 cents 61 cents
Plano, Texas-based Penney operates department stores in Southwest Virginia.
Lowe's Cos. Inc.
1st qtr. 1996 1995
Revenues $1.91 billion $1.63 billion
Net Income $47.1 million $58.9 million
Share earnings 28 cents 36 cents
North Wilkesboro, N.C.-based Lowe's operates home-product stores in Southwest Virginia.
Moovies Inc.
1st qtr. ended 3-31 1996 1995
Revenues $19.3 million $1.2 million
Net Income $278,000 $47,000
Share earnings 3 cents N/A
Moovies is a Greenville, S.C.-basd chain of video speciality stores, including operations in Western Virginia. Its latest net income reflects a charge for adoption of an accelerated method of amortizing its videocasette rental inventory. Per-share net income for the 1995 period was not reported.
TJX Cos.
1st qtr. ended 4-27 1996 1995
Revenues $1.6 billion $830.4 million
Net Income $30.1 million $8.1 million
Share earnings 33 cents 11 cents
Framingham, Mass.-based TJX is the parent company of T.J. Maxx stores. The sales and earnings increases reflect the acquisition of the Marshalls off-price store chain from Melville Corp. last November.
LENGTH: Short : 49 linesby CNB