Financial Report

Our benign dictator, commonly known as the newsletter editor, has decreed that articles for the August / September newsletter are due by July 3rd. As a result, this article was written on July 1st, not 24 hours after the end of the fiscal year. There is a decided upside to this situation for you, the reader: this report on the year ending June 30, 2004, will be very brief.

Sales at the store for the year ending 6/30/04 were $23,710,000. This is a 4.7% increase over the prior year. We had 846,664 customers this year, an average of 2,326 per day. This is a 2.5% decrease from the prior year, when we averaged 2,386 customers per day. How could our sales go up, even as the customer count dropped? Well, the average transaction per customer went up to $27.99 from $26.10.

We expect that, when all the books for the last year are duly balanced and closed, we will see a healthy profit for the year and be able to send out nice, fat, patronage refund checks.