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Leading California Companies 1987 : A Roster Of The State's Largest Industrial, Financial, Merchandising, Transportation And Utitlity Firms : Merchandising

June 07, 1987|Compilation and analysis for the 1987 roster were provided by Maureen Perry and Cynthia Sosin of the Los Angeles Times marketing research department

KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.

The top 10 California-headquartered, publicly held companies ranked by sales for year-end 1986 or fiscal year ended on or before February 28, 1987

1 Lucky Stores Inc. (1931) Food retailing organization operating 579 stores in seven states. Supporting distribution facilities, which include several food processing and manufacturing plants, are located in California, Illinois, Florida and Arizona. Sales: $6.44 billion ended 2-1-87 ($6.23 billion in 1986, restated). Income: $46.7 million or 97 cents a share ($48.7 million or 92 cents). Dividends: 87 cents a share ($1.16). Assets: $1.59 billion. Employees: total 41,000; California 25,000. Headquarters: 6300 Clark Ave., Dublin 94568. Chairman and chief executive: John M. Lillie. President: Lawrence A. Del Santo. 1986 rank: 2. NYSE, PSE

2 The Wickes Cos. Inc. (1854) Diversified international company with sales derived from a variety of consumer products, industrial products, retail and manufacturing activities. Has approximately 2,700 company-owned and affiliated operating locations in the United States and Western Europe. Sales: $4.77 billion ended 1-31-87 ($2.81 billion in 1986). Income: $83.8 million or 33 cents a share ($76.1 million or 47 cents). Employees: total 67,380; California not available. Headquarters: 3340 Ocean Park Blvd., Santa Monica 90405. Chairman, president and chief executive: Sanford C. Sigoloff. 1986 rank: 3. ASE

3 Carter Hawley Hale Stores Inc. (1897) Operates 114 department stores and 188 specialty stores. Its five department store divisions are The Broadway-Southern California; The Broadway-Southwest; Emporium Capwell; Weinstock's in California, Arizona, New Mexico, Colorado, Utah and Nevada; and Thalimer's in Virginia, Tennessee, So. Carolina, and No. Carolina. Its specialty store divisions are Bergdorf Goodman in New York City, 22 Neiman-Marcus in Texas, Florida, Illinois, California, Nevada, Massachusetts, New York, Washington, D.C., Missouri, and Georgia. It also operates 165 Contempo Casuals in 26 states. Sales: $4.09 billion ended 1-31-87 ($3.98 billion in 1986). Income: $79.3 million or $2.44 a share ($50.5 million or $1.05). Dividends: $1.22 a share ($1.22). Assets: $2.16 billion. Employees: total 56,000; California 28,600. Headquarters: 550 S. Flower St., Los Angeles 90071. Chairman and chief executive: Philip M. Hawley. President: Waldo A. Burnside. 1986 rank: 4. NYSE, PSE

4 Price Co. (1976) Operates membership-only wholesale cash-and-carry warehouses. Revenues: $2.67 billion ended 8-31-86 ($1.89 billion in 1985). Income: $58.9 million or $1.25 a share ($46.0 million or $1.01, restated). Per share figures reflect two-for-one stock split in December 1985. Assets: $492.9 million. Employees: total 8,000; California 5,000. Headquarters: 2657 Ariane Dr., San Diego 92117. Chairman: Sol Price. President and chief executive: Robert E. Price. 1986 rank: 5. OTC

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