Corporate Profile for Ultimate Electronics, dated 5/24/96.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. Financial Markets, Reuter Reu·ter , Baron Paul Julius von 1816-1899. German-born British journalist who founded (1848) Reuter's, one of the first international news agencies. Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe An online information service that provides access to the Internet, e-mail, instant messaging and an integrated contact list. Founded in 1969 as a timesharing service, CompuServe is one of the oldest online services, being the first to offer e-mail in 1979 and online chat a year later. , Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. , NewsBank, Information Access Company, Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , Comtex, and many others. -0- Published date: 5/24/96 Company name: Ultimate Electronics Inc.
Address: 321-A W. 84th Ave.
Thornton, Colo. 80221
Telephone No.: 303/412-2500 President and Chief Operating Officer: David Workman Vice President Finance and Chief Financial Officer: Alan Kessock Investor Relations Contact: Alan Kessock Business number: 303/412-2500 Trading symbol: ULTE
Industry: Retailer of home entertainment and consumer
electronics
Company description: Ultimate Electronics is a leading specialty
retailer of home entertainment and consumer electronics in Colorado,
Nevada, New Mexico and Utah, and has recently opened one store each
in Idaho and Oklahoma. The company currently operates 18 stores,
including nine stores in Colorado under the trade name SoundTrack and
the balance of the stores under the trade name Ultimate Electronics.
Since 1993, the company has opened nine large-format Ultimate
Electronics stores and relocated and expanded one of its Colorado
stores to the larger format.
The company recently received Twice Magazine's "Excellence in
Retailing" award as well as Audio/Video Magazine's "Top 10 Retailer
for 1995." In addition, the company was featured in the Forbes
"World's Best Small Companies" in November of 1995 and 1994, and in
the BusinessWeek "100 Best Small Companies" in May of 1994.
Fiscal Year Ending
1/31/94(a) 1/31/95 1/31/96(b)
Revenues (mm) $ 88.2 $ 165.1 $ 251.8 Pretax margin 4.1% 4.7% 2.4% Tax rate 37.2% 37.3% 36.9% Net income (mm) $ 2.3 $ 4.9 $ 3.8 Earnings per share $ .55 $ .88 $ .65 Average shares (mm) 4.2 5.6 5.9
(a) Tax rate, net income and earnings per share are pro forma
for fiscal year ended Jan. 31, 1994, because of the company's S
corporation status prior to Oct. 15, 1993.
(b) Net income and earnings per share for fiscal year ending
Jan. 31, 1996, are prior to change in accounting method for
preopening expenses of $988,000.
Ultimate Electronics(sm) and SoundTrack(sm) are service marks of
the company.
CONTACT: Ultimate Electronics Inc. |
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