CarMax Stock Income Statements

CarMax Quarterly Income Statements Chart

Quarterly

Annual

Gross Profit

CarMax Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-04-09	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31

used vehicle sales	5,270,700,000	6,103,400,000	4,836,254,000	4,888,900,000	5,677,100,000	5,677,500,000	4,497,579,000	4,832,100,000		6,001,500,000	4,531,086,000	5,204,600,000	6,284,100,000	7,014,500,000	5,739,795,000	6,435,600,000	6,104,400,000	6,157,300,000	4,328,383,000	4,209,700,000	4,389,200,000	2,786,200,000	4,253,662,000	4,028,800,000	4,346,300,000	4,540,657,000	3,628,432,000	3,547,925,000	3,975,368,000	4,021,047,000	3,429,247,000	3,425,540,000	3,694,200,000	3,843,373,000	3,450,261,000	3,090,613,000	3,300,814,000	3,428,974,000	3,087,560,000	2,908,963,000	3,150,220,000	3,292,658,000	2,899,499,000	2,794,515,000	2,920,165,000	3,060,341,000	2,568,138,000	2,396,840,000	2,639,523,000	2,701,755,000	2,297,352,000	2,068,742,000	2,191,964,000	2,188,907,000	1,973,698,000	1,766,690,000	2,014,983,000	2,071,540,000	1,799,884,000	1,688,469,000	1,889,598,000	1,832,066,000	1,529,310,000	1,407,077,000	1,706,616,000	1,549,275,000		1,228,689,000	1,168,804,000	1,476,317,000	1,816,848,000	1,679,507,000	1,514,302,000	1,687,142,000	1,708,391,000	1,507,407,000	1,377,551,000	1,526,738,000	1,461,120,000
wholesale vehicle sales	1,149,600,000	1,252,700,000	1,007,957,000	1,168,600,000	1,154,500,000	1,256,400,000	974,302,000	1,165,200,000		1,514,400,000	1,030,696,000	1,152,200,000	1,690,300,000	2,116,500,000	1,765,613,000	1,922,300,000	1,701,600,000	1,374,400,000	678,453,000	828,400,000	819,100,000	342,900,000	548,342,000	611,000,000	678,300,000	662,449,000	543,767,000	603,584,000	627,990,000	617,651,000	527,245,000	552,754,000	547,767,000	553,390,000	465,936,000	488,385,000	560,402,000	567,741,000	506,072,000	513,796,000	591,774,000	576,625,000	491,942,000	481,676,000	530,270,000	545,245,000	420,587,000	437,272,000	474,907,000	490,659,000	427,060,000	427,650,000	437,050,000	467,795,000	395,721,000	390,262,000	457,870,000	477,794,000	335,208,000	320,117,000	329,889,000	316,489,000	209,474,000	226,907,000	236,991,000	171,496,000		137,233,000	176,956,000	223,269,000	242,327,000	223,875,000	234,739,000	265,282,000	261,152,000	222,450,000	226,363,000	222,299,000	247,296,000
other sales and revenues:
extended protection plan revenues	115,100,000	131,700,000	86,425,000	105,500,000	121,400,000	118,800,000	75,950,000	90,800,000		111,200,000	79,525,000	91,800,000	109,800,000	116,500,000	88,450,000	106,600,000	113,000,000	134,200,000	73,625,000	101,700,000	119,400,000	73,400,000	80,425,000	97,000,000	113,300,000
third-party finance (fees)/income	-800,000					-1,700,000	-600,000	-1,200,000
advertising & subscription revenues	37,900,000	36,500,000	26,275,000	36,100,000	34,300,000	34,700,000	25,400,000	36,700,000		31,400,000	25,475,000	33,300,000	34,300,000	34,400,000	16,975,000	33,300,000	34,500,000
service revenues	19,200,000	19,500,000	16,200,000	20,400,000	21,700,000	22,700,000	15,950,000	20,300,000		22,100,000	15,200,000	19,600,000	19,400,000	21,900,000	15,725,000	19,700,000	21,000,000	22,200,000	17,650,000	24,600,000	26,500,000	19,500,000	24,075,000	28,900,000	33,400,000
other	3,000,000	3,400,000	2,725,000	2,900,000	3,200,000	5,000,000	4,100,000	4,700,000		6,200,000	3,075,000	3,500,000	4,200,000	4,400,000	8,475,000	8,700,000	11,100,000	14,100,000	20,500,000	31,100,000	33,400,000	17,500,000	26,800,000	33,700,000	40,200,000
total other sales and revenues	174,400,000	190,400,000	131,825,000	165,900,000	182,000,000	179,500,000	120,800,000	151,300,000		171,200,000	125,050,000	149,200,000	170,400,000	180,600,000	129,550,000	169,900,000	182,400,000	165,900,000	102,600,000	146,800,000	163,900,000	99,700,000	122,500,000	150,200,000	176,600,000
total net sales and operating revenues	6,594,700,000	7,546,500,000	5,087,575,000	6,223,400,000	7,013,500,000	7,113,400,000	5,227,350,000	6,148,500,000		7,687,100,000	5,990,600,000	6,506,000,000	8,144,800,000	9,311,600,000	6,053,425,000	8,527,800,000	7,988,400,000	7,697,600,000	3,446,475,000	5,184,900,000	5,372,200,000	3,228,800,000	3,839,375,000	4,790,000,000	5,201,200,000
interest margin:
interest and fee income	489,800,000	485,400,000	106,725,000	469,200,000	464,500,000	452,500,000	91,350,000	426,900,000		400,500,000	82,500,000	365,400,000	357,200,000	346,700,000	72,125,000	330,000,000	324,100,000	310,300,000	69,725,000	288,500,000	280,100,000	282,500,000	61,950,000	278,900,000	275,700,000
interest expense	-199,200,000	-197,500,000	278,141,000	-193,200,000	-193,700,000	-182,300,000	213,550,000	-170,200,000	-31,585,000	-142,600,000	173,998,000	-88,800,000	-62,500,000	-48,800,000	171,195,000	-53,600,000	-60,600,000	-65,800,000	176,578,000	-77,100,000	-81,300,000	-84,600,000		-90,400,000	-90,600,000	17,784,000	20,976,000	18,814,000	17,950,000	18,052,000	19,666,000	17,405,000	16,836,000	16,838,000	16,353,000	15,071,000	13,904,000	11,088,000	11,784,000	10,021,000	7,450,000	7,103,000	2,183,000	7,338,000	7,351,000	7,601,000	7,546,000	7,649,000	7,761,000	7,878,000	7,997,000	8,065,000	8,152,000	8,143,000	31,356,000	780,000	787,000	791,000	824,000	801,000	1,413,000	72,000	372,000	674,000	1,348,000	1,066,000		1,026,000	1,525,000	1,477,000	2,058,000	1,945,000	44,000	950,000	2,016,000	924,000	167,000	2,335,000	1,947,000
total interest margin	290,600,000	287,900,000	64,175,000	276,000,000	270,800,000	270,200,000	69,150,000	256,700,000		257,900,000	69,100,000	276,600,000	294,700,000	297,900,000	52,850,000	276,400,000	263,500,000	244,500,000	47,125,000	211,400,000	198,800,000	197,900,000		188,500,000	185,100,000
benefit from loan losses	-142,200,000	-101,700,000	-17,075,000	-72,600,000	-112,600,000	-81,200,000	-21,425,000	-68,300,000		-80,900,000	-19,050,000	-85,700,000	-75,500,000	-57,800,000	-2,050,000	-76,200,000	-35,500,000	24,400,000	-12,250,000	-8,200,000	-26,000,000	-122,000,000		-49,000,000	-45,500,000
total interest margin after benefit from loan losses	148,400,000	186,200,000	47,100,000	203,400,000	158,200,000	189,000,000	47,725,000	188,400,000		177,000,000	50,050,000	190,900,000	219,200,000	240,100,000	50,800,000	200,200,000	228,000,000	268,900,000	34,875,000	203,200,000	172,800,000	75,900,000		139,500,000	139,600,000
direct expenses:
payroll and fringe benefit expense	-20,500,000	-20,000,000	-4,050,000	-19,000,000	-19,000,000	-18,600,000	-4,025,000	-16,200,000		-16,600,000	-3,175,000	-16,100,000	-15,900,000	-14,700,000	-2,900,000	-12,700,000	-12,400,000	-12,600,000	-2,700,000	-11,600,000	-11,400,000	-11,200,000		-10,800,000	-10,400,000
depreciation and amortization	-4,400,000	-4,300,000	259,421,000	-4,300,000	-4,300,000	-4,200,000	243,028,000	-4,100,000	4,274,746,000	-4,100,000	230,849,000	-4,000,000	-3,800,000	-3,800,000	212,156,000	-2,400,000	-200,000	-200,000
other direct expenses	-20,900,000	-20,200,000	-4,850,000	-20,200,000	-19,300,000	-19,200,000	-4,675,000	-19,400,000		-18,900,000	-4,800,000	-18,700,000	-16,600,000	-17,100,000	-3,750,000	-19,200,000	-15,300,000	-14,400,000	-3,675,000	-15,200,000	-14,000,000	-11,800,000		-14,700,000	-15,100,000
total direct expenses	-45,800,000	-44,500,000	-9,925,000	-43,500,000	-42,600,000	-42,000,000	-9,700,000	-39,700,000		-39,600,000	-8,575,000	-38,800,000	-36,300,000	-35,600,000	-6,700,000	-34,300,000	-27,900,000	-27,200,000	-6,375,000	-26,800,000	-25,400,000	-23,000,000		-25,500,000	-25,500,000
carmax auto finance income	102,600,000	141,700,000	433,049,000	159,900,000	115,600,000	147,000,000	416,071,000	148,700,000		137,400,000	497,404,000	152,200,000	182,900,000	204,500,000	625,107,000	166,000,000	200,000,000	241,700,000	448,810,000	176,400,000	147,200,000	51,000,000	346,330,000	114,000,000	114,100,000	115,959,000	103,705,000	109,725,000	109,667,000	115,593,000	101,073,000	102,810,000	107,936,000	109,363,000	82,898,000	89,359,000	95,969,000	100,758,000	92,333,000	92,316,000	98,279,000	109,108,000	90,383,000	89,722,000	92,574,000	94,615,000	80,821,000	83,905,000	84,422,000	87,019,000	75,958,000	72,454,000	75,676,000	75,179,000	66,073,000	62,625,000	63,826,000	69,661,000	54,139,000	55,745,000	52,604,000	57,495,000	58,917,000	65,806,000	72,130,000	-21,636,000		27,968,000	-15,360,000	-7,141,000	9,819,000	-962,000	16,347,000	33,412,000	37,068,000	31,745,000	31,974,000	36,512,000	32,394,000
third-party finance fees		-700,000													-75,000	1,600,000	2,800,000	-4,600,000	-9,175,000	-10,600,000	-15,400,000	-10,700,000	-8,800,000	-9,400,000	-10,300,000
third-party finance income/(fees)			200,000	1,000,000	1,400,000						1,775,000	1,000,000		3,400,000
total average managed receivables			4,377,225,000	17,771,700,000	17,728,800,000	17,551,200,000	4,135,050,000	17,508,900,000		17,003,400,000	3,822,200,000	16,540,200,000	16,176,200,000	15,817,000,000	3,379,375,000	15,288,800,000	14,683,300,000	14,148,700,000	3,309,800,000	13,517,500,000	13,218,800,000	13,408,500,000	3,080,250,000	13,239,200,000	13,012,100,000
sales and operating revenues									704,033,033,506,000
intersegment sales and operating revenues
total sales and operating revenues									704,033,041,974,000
gross profit									67,250,525,386,000																	742,383,000	599,378,000	569,237,000	650,636,000	661,340,000	536,728,000	539,188,000	604,005,000	648,938,000	562,160,000	503,135,000	545,362,000	572,637,000	489,265,000	464,331,000	521,370,000	543,794,000	475,837,000	446,620,000	463,339,000	501,731,000	384,141,000	381,721,000	434,743,000	448,096,000	369,235,000	345,219,000	367,993,000	381,915,000	338,172,000	303,219,000	354,275,000	383,095,000	320,652,000	297,910,000	349,118,000	333,548,000	265,221,000	242,863,000	314,549,000	276,237,000		230,307,000	199,236,000	255,913,000	282,714,000	257,127,000	242,883,000	288,194,000	284,221,000	240,833,000	228,609,000	253,365,000	248,255,000
yoy																										12.25%	11.67%	5.57%	7.72%	1.91%	-4.52%	7.17%	10.75%	13.32%	14.90%	8.36%	4.60%	5.30%	2.82%	3.97%	12.52%	8.38%	23.87%	17.00%	6.58%	11.97%	4.04%	10.57%	18.14%	17.33%	9.19%	13.85%	3.87%	-0.31%	5.46%	1.78%	1.48%	14.85%	20.90%	22.67%	10.99%	20.75%		5.45%	57.88%	7.94%		-10.43%	-17.97%	-11.20%	-0.53%	6.77%	6.24%	13.75%	14.49%
qoq																										23.86%	5.29%	-12.51%	-1.62%	23.22%	-0.46%	-10.73%	-6.92%	15.44%	11.73%	-7.74%	-4.76%	17.04%	5.37%	-10.94%	-4.12%	14.28%	6.54%	-3.61%	-7.65%	30.61%	0.63%	-12.20%	-2.98%	21.36%	6.96%	-6.19%	-3.65%	12.94%	11.53%	-14.41%	-7.52%	19.47%	7.63%	-14.67%	4.67%	25.76%	9.21%	-22.79%	13.87%			15.60%	-22.15%	-9.48%	9.95%	5.86%	-15.72%	1.40%	18.02%	5.35%	-9.77%	2.06%
gross margin %
reconciliation to consolidated earnings before taxes:
caf income									134,987,000
selling, general and administrative expenses									-585,694,000																	489,660,000	428,967,000	409,520,000	453,554,000	438,234,000	408,814,000	399,672,000	405,062,000	403,503,000	385,413,000	356,735,000	366,126,000	380,230,000	333,860,000	337,512,000	330,784,000	349,779,000	330,009,000	316,632,000	297,638,000	313,446,000	297,454,000	284,366,000	283,206,000	290,189,000	265,475,000	257,282,000	254,674,000	253,603,000	223,842,000	232,304,000	236,435,000	248,205,000				226,692,000				206,225,000					242,984,000	219,854,000	210,508,000
other income									2,630,000																	-359,000	-2,689,000	2,820,000	-686,000	963,000	-802,000	-279,000	-189,000	-93,000	977,000	1,027,000	-435,000	-616,000	9,768,000	1,157,000	1,593,000	41,000	-5,388,000	1,536,000	283,000	-277,000	-254,000	-411,000	-1,073,000	241,000	430,000	139,000	259,000	285,000	345,000	-94,000
earnings before income taxes									158,286,000																	351,257,000	255,829,000	247,808,000	289,485,000	319,684,000	210,123,000	225,200,000	290,232,000	338,053,000	242,315,000	219,661,000	261,736,000	282,693,000	226,186,000	207,957,000	279,822,000	295,979,000	232,832,000	210,836,000	250,641,000	275,022,000	159,708,000	173,200,000	227,125,000	237,289,000	172,151,000	152,465,000	181,102,000	195,633,000	149,392,000	132,666,000	180,989,000	203,863,000	140,611,000	133,345,000	175,175,000	164,359,000	121,704,000	115,900,000	167,399,000	47,493,000		60,938,000	-34,396,000	22,501,000	47,755,000	34,824,000	48,963,000	107,445,000	105,837,000	70,049,000	73,504,000	87,793,000	92,003,000
third-party finance income										300,000			2,700,000
total other income																					-300,000	-1,900,000
sales and operating revenues:
other sales and revenues																										163,212,000	146,403,000	144,362,000	162,677,000	153,894,000	127,726,000	128,723,000	144,673,000	145,571,000	133,763,000	122,526,000	136,032,000	129,671,000	275,005,000	79,019,000	82,426,000	85,557,000	76,941,000	74,482,000	78,815,000	74,821,000	38,024,000	57,222,000	71,120,000	66,216,000	58,353,000	60,361,000	67,597,000	62,261,000	60,582,000	57,565,000	68,113,000	68,197,000	68,635,000	62,872,000	71,336,000	62,459,000	57,897,000	53,835,000	69,858,000	64,976,000		60,051,000	52,364,000	61,650,000	67,518,000	65,015,000	59,260,000	65,327,000	64,976,000	57,406,000	54,293,000	59,274,000	58,315,000
net sales and operating revenues																										5,366,318,000	4,318,602,000	4,295,871,000	4,766,035,000	4,792,592,000	4,084,218,000	4,107,017,000	4,386,640,000	4,542,334,000	4,049,960,000	3,701,524,000	3,997,248,000	4,126,386,000	3,705,805,000	3,544,069,000	3,884,913,000	4,014,888,000	3,514,092,000	3,405,234,000	3,599,194,000	3,750,196,000	3,076,283,000	2,941,407,000	3,245,552,000	3,311,057,000	2,827,948,000	2,602,446,000	2,758,004,000	2,774,420,000	2,475,849,000	2,260,514,000	2,587,819,000	2,679,417,000	2,252,633,000	2,119,129,000	2,341,880,000	2,261,912,000	1,833,245,000	1,725,977,000	2,076,671,000	1,834,300,000		1,470,517,000	1,455,632,000	1,839,054,000	2,208,763,000	2,044,607,000	1,885,300,000	2,122,530,000	2,147,134,000	1,882,828,000	1,768,147,000	1,929,542,000	1,885,139,000
cost of sales:
used vehicle cost of sales																										4,043,824,000	3,238,088,000	3,177,953,000	3,546,383,000	3,581,609,000
wholesale vehicle cost of sales																										536,490,000	443,261,000	498,840,000	516,913,000	502,945,000
other cost of sales																										43,621,000	37,875,000	49,841,000	52,103,000	46,698,000
total cost of sales																										4,623,935,000	3,719,224,000	3,726,634,000	4,115,399,000	4,131,252,000
income tax provision																										84,513,000	63,273,000	57,497,000	68,595,000	81,028,000	87,977,000	76,360,000	108,808,000	126,351,000	89,712,000	83,016,000	99,374,000	107,333,000	85,159,000	79,758,000	107,594,000	114,005,000	89,694,000	80,787,000	96,123,000	105,369,000	60,499,000	66,748,000	86,851,000	90,638,000	64,930,000	57,784,000	69,466,000	74,887,000	56,574,000	49,872,000	69,094,000	77,575,000	51,101,000	50,981,000	67,290,000	63,240,000				18,745,000
net earnings																										266,744,000	192,556,000	190,311,000	220,890,000	238,656,000	122,146,000	148,840,000	181,424,000	211,702,000	152,603,000	136,645,000	162,362,000	175,360,000	141,027,000	128,199,000	172,228,000	181,974,000	143,138,000	130,049,000	154,518,000	169,653,000	99,209,000	106,452,000	140,274,000	146,651,000	107,221,000	94,681,000	111,636,000	120,746,000	92,818,000	82,794,000	111,895,000	126,288,000	89,510,000	82,364,000	107,885,000	101,119,000	75,360,000	74,589,000	102,971,000	28,748,000		37,523,000	-21,874,000	14,006,000	29,558,000	21,829,000	29,846,000	64,995,000	65,355,000	42,138,000	45,419,000	54,264,000	56,776,000
weighted-average common shares:
basic			155,330,000				158,216,000				158,800,000				162,410,000				163,183,000				164,836,000			166,324,000	174,463,000	173,816,000	176,284,000	178,139,000	182,660,000	181,888,000	182,868,000	185,200,000	190,343,000	189,200,000	191,539,000	193,531,000	203,275,000	201,291,000	207,249,000	208,698,000	215,617,000	214,228,000	218,180,000	220,268,000	223,589,000	223,259,000	223,610,000	224,618,000	228,095,000	228,904,000	228,366,000	227,773,000	226,282,000	226,446,000	226,300,000	225,570,000	223,449,000	223,953,000	222,857,000	222,221,000	219,527,000	220,204,000	218,747,000	218,004,000		217,537,000	217,712,000	217,600,000	217,094,000	216,045,000	216,301,000	215,891,000	215,293,000	212,454,000	106,511,000	105,916,000	105,265,000
diluted			156,061,000				158,707,000				159,771,000				165,176,000				165,133,000				166,820,000			167,643,000	175,884,000	175,321,000	178,200,000	179,421,000	184,470,000	184,033,000	184,696,000	186,859,000	192,215,000	190,818,000	193,623,000	195,253,000	205,540,000	203,383,000	209,648,000	211,652,000	218,691,000	217,025,000	221,070,000	223,632,000	227,584,000	227,417,000	227,634,000	228,552,000	231,823,000	232,656,000	231,696,000	231,802,000	230,721,000	230,632,000	230,681,000	230,278,000	227,601,000	228,471,000	226,132,000	226,179,000	222,234,000	223,879,000	221,334,000	218,840,000		220,513,000	217,712,000	220,944,000	221,346,000	220,522,000	220,558,000	220,580,000	220,130,000	216,739,000	108,883,000	107,651,000	107,056,000
net earnings per share:
basic																										1.6	1.14	1.09	1.25	1.34	0.68	0.82	0.99	1.14	0.81	0.72	0.85	0.91	0.73	0.64	0.83	0.87	0.68	0.61	0.71	0.77	0.44	0.48	0.63	0.65	0.47	0.41	0.49	0.53	0.41	0.37	0.49	0.56	0.4	0.37	0.48	0.45	0.34	0.34	0.47	0.13		0.17	-0.1	0.06	0.14	0.1	0.14	0.3	0.3	-0.55	0.43	0.51	0.54
diluted																										1.59	1.13	1.09	1.24	1.33	0.67	0.81	0.98	1.13	0.81	0.72	0.84	0.9	0.71	0.63	0.82	0.86	0.67	0.6	0.7	0.76	0.43	0.47	0.62	0.64	0.46	0.41	0.48	0.52	0.4	0.36	0.49	0.55	0.39	0.36	0.48	0.44	0.34	0.33	0.46	0.13		0.17	-0.1	0.06	0.13	0.1	0.14	0.29	0.3	-0.53	0.42	0.5	0.53
cost of sales																															2,810,965,000	3,567,829,000	3,782,635,000	3,893,396,000	3,487,800,000	3,198,389,000	3,451,886,000	3,553,749,000	3,216,540,000	3,079,738,000	3,363,543,000	3,471,094,000	3,038,255,000	2,958,614,000	3,135,855,000	3,248,465,000	2,692,142,000	2,559,686,000	2,810,809,000	2,862,961,000	2,458,713,000	2,257,227,000	2,390,011,000	2,392,505,000	2,137,677,000	1,957,295,000	2,233,544,000	2,296,322,000	1,931,981,000	1,821,219,000	1,992,762,000	1,928,364,000	1,568,024,000	1,483,114,000	1,762,122,000	1,558,063,000		1,240,210,000	1,256,396,000	1,583,141,000	1,926,049,000	1,787,480,000	1,642,417,000	1,834,336,000	1,862,913,000	1,641,995,000	1,539,538,000	1,676,177,000	1,636,884,000
new vehicle sales																																							40,708,000	42,291,000	60,493,000	60,048,000	45,710,000	54,561,000	69,944,000	69,789,000	49,534,000	50,073,000	60,002,000	52,427,000	45,183,000	45,693,000	61,393,000	55,457,000	45,848,000	45,997,000	46,853,000	61,886,000	48,906,000	47,671,000	51,057,000	50,898,000	36,564,000	38,158,000	63,206,000	48,553,000		44,544,000	57,508,000	77,818,000	82,070,000	76,210,000	76,999,000	104,779,000	112,615,000	95,565,000	109,940,000	121,231,000	118,408,000
interest income																																																									110,000	103,000	100,000	198,000	102,000	80,000	142,000	45,000	190,000	183,000		433,000	735,000	354,000	264,000	458,000	285,000	245,000	378,000	230,000	406,000	300,000	267,000
selling, general and administrative
expenses																																																											167,908,750	219,707,000	225,236,000		154,121,750	192,140,000	218,122,000			171,403,500	217,482,000	225,148,000				214,196,000
income tax benefit																																																															31,121,000	41,311,000				3,542,500	-12,522,000
benefit from income taxes																																																																	64,428,000					8,495,000	18,197,000	12,995,000	19,117,000	42,450,000	40,482,000	27,911,000	28,085,000	33,529,000	35,227,000
reflects the implementation of fasb staff position no. eitf 03-6-1, “determining whether instruments granted in share-based payment transactions are participating securities.” see note 11 for additional information.
see accompanying notes to consolidated financial statements.
gain on franchise disposition																																																																										740,000
percents are calculated as a percentage of net sales and operating revenues and may not equal totals due to rounding.
selling, general, and administrative
selling, general, and administrative expenses																																																																											213,814,000	201,835,000	187,318,000	200,049,000	186,966,000

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