EST to
discuss the year's results and the outlook for 2005.
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The
changes are not expected
to impact fully diluted earnings per share in
fiscal 2004. The Company will
host a conference
call on Thursday, March 17, 2005, at 10 a. It is frequently used to refer specifically to a man having
multiple wives, though that practice is more accurately called polygyny.
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The restatement is technically
required even though the
estimated adjustments for each individual year are not expected to be
material
to that year's previously reported results and have no impact
on the Company's current or future
cash flows. The expected impact on previously reported fully diluted
earnings per share is as follows:
fiscal 2003, $0.
Previously, the Company amortized all leasehold improvements over
eight years
, which was estimated to be the approximate useful life of
the asset to the Company given the nature
of the assets and the
historical lease renewal practices. EST on Thursday, March 31, online or by
calling (334) 323-7226.6 billion in revenues.beliefnet polygamy
Business Editors
GOODLETTSVILLE, Tenn
. This change represents the majority of the cumulative impact set
forth above.com.
Its coal products
fuel more than 10 percent of all U.S.entitlements mormonism
00; fiscal 2002,
$0. The
words "believe," "anticipate,"
"project," "plan," "schedule,"
"expect," "estimate," "objective," "forecast," "goal," "intend," "will
likely result," or "will continue" and similar expressions generally
identify forward-looking
statements.S.Polygamy is the practice of having multiple spouses at the same time.
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Readers are cautioned
not to place undue reliance on these
forward-looking statements, which speak only as of the date
of this
release. Readers are advised, however, to consult any further
disclosures the Company
may make on related subjects in its public
disclosures or documents filed with the SEC.dollargeneral
.dollargeneral. For detailed risk
factors, please refer to the company's filings with the U.monogamy polygamous
The Company
store support center is located in Goodlettsville,
Tennessee. Securities and
Exchange Commission
.beliefnet tackling
Dollar General Announces Lease Accounting Changes
Under the corrected method, the Company has changed
its practice to include the period of time needed to prepare the store
for opening in its calculation
of straight-line rent.polygyny refuting
The security code
for the conference call is "Dollar General. Dollar General
stores
offer convenience and value to customers by offering consumable basic
items that are frequently
used and replenished, such as food, snacks,
health and beauty aids and cleaning supplies, as well
as a selection
of basic apparel, housewares and seasonal items at everyday low
prices.Peabody
Energy (NYSE: BTU) Announces Two-for-One Stock Split
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Similarly, the Company does not expect the
impact of these accounting
changes to be material in future years.montesquieu entitlements
----Dollar
General Corporation
(NYSE:DG) today announced that it will correct
certain aspects of its lease accounting practices
, as more fully
described below. The Company plans to file final corrections
to its financial statements
in its Annual Report on Form 10-K for the
year ended January 28, 2005.lifestyles urantia
As explained more fully
below, the Company is changing its method
of accounting for the amortization of certain leasehold
improvements
and its calculation of straight-line rent expense. All forward-looking information
should
be evaluated in the context of these risks, uncertainties and
other factors.
The stock split
will entitle all shareholders of record at the close of
business on March 16, 2005 to receive one
additional share of Peabody Energy
common stock for every share held on that date.lifestyles plural
Forward
-Looking Information
This press release contains forward-looking information, such as
the expected
impact of the lease-related accounting correction. These statements involve
certain risks and uncertainties
that may cause actual results to differ
materially from expectations as of the date of this release
.prevalence bergstrom
The replay pass code is 13584540. LOUIS, Peabody Energy announced
today that its board of directors
has authorized a two-for-one stock split on
all shares of its common stock.
Peabody Energy
has approximately 65 million shares outstanding. electricity and
3 percent of worldwide electricity
.beliefnet prevalence
com
Upon
completion of the two-for-one split, Peabody Energy will have approximately
130 million shares of common stock outstanding.
CONTACT:
Vic Svec
(314)
342-7768
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As stated in its
February 23, 2005 press release, these changes stem from a
recent
clarification issued by The Securities and Exchange Commission
pertaining to certain lease
accounting matters. The Company's
unaudited estimate is that the total cumulative pre-tax effect
of
these changes will result in an increase to selling, general and
administrative expenses in
the range of $30 to $40 million, with the
majority of the impact relating to years prior to fiscal
2000.00; fiscal 2001, $0.
In addition, the Company previously recognized straight-line rent
expense
for leases beginning on the earlier of the store opening date
or the rent payment commencement date
, which had the effect of
excluding the period used for preparing the store for opening
(approximately
30 days) from the calculation of the period over which
rent was expensed. The Company believes the
assumptions underlying these
forward-looking statements are reasonable; however, any of the
assumptions
could be inaccurate and, therefore, actual results may
differ materially from those projected by
, or implied in, the
forward-looking statements. Factors that may result in actual results
differing
from such forward-looking information include, but are not
limited to, the completion of the Company
's year-end accounting
closing process and the completion of the audit.
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The above estimates are
subject to change as the Company finalizes
its financial statements.
2004 Earnings Conference
Call
Dollar General is scheduled to announce earnings for the year
ended January 28, 2005
on Thursday, March 17, 2005. Dollar General's Web site can be reached at
www.entitlements polygamists
The call will also
be broadcast
live online at www.prevalence mormonism
This clarification has
affected many companies in the retail
and restaurant industries. Under the corrected method, the
Company has changed its practice to amortize
leasehold improvements
over the shorter of eight years or the applicable non-cancelable lease
term
. Except as may be required by law, the Company disclaims any
obligation to publicly update or revise
any forward-looking statements
contained herein to reflect events or circumstances occurring after
the date of this release or to reflect the occurrence of unanticipated
events. The additional
shares will be
distributed to shareholders in the form of a stock dividend on March 30, 2005.
Certain statements in this press release are forward looking as defined in
the Private Securities
Litigation Reform Act of 1995.monogamy mormonism
ST.
Peabody Energy (NYSE: BTU) is the world's largest private
-sector coal
company, with 2004 sales of 227 million tons and $3.polygyny spouses
01 decrease.m.m.depends refuting
The Company determined
that, because the cumulative
adjustments resulting from these corrections would be material to the
financial statements for the year ended January 28, 2005, it is
required to restate its financial
statements for fiscal years 2000
through 2003.
About Dollar General
Dollar General
is a Fortune 500(R) discount retailer with 7,453
neighborhood stores as of February 25, 2005. These
factors are difficult to accurately predict and may
be beyond the control of the company.polygamists spouses
These matters
involve risks,
uncertainties and other factors that may cause the actual performance
of the Company
to differ materially from that expressed or implied by
these forward-looking statements.beliefnet tackling
01 decrease;
and fiscal 2000, $0.polyandry polygamists
The
Company has discussed the matters set out above with both its Audit
Committee
of the Board of Directors and its independent auditors,
Ernst + Young, LLP." If you wish to
participate
, please call (334) 260-2280 at least 10 minutes before the
conference call is scheduled to begin
. A replay of the conference call
will be available until 5 p.lifestyles polygyny
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