SELECTED CONSOLIDATED FINANCIAL DATA

The following selected consolidated financial data for fiscal 1998 (twelve months ended January 30, 1999), 1997 (eleven months ended January 31, 1998), 1996 (twelve months ended March 1, 1997), 1995 (twelve months ended March 2, 1996), and 1994 (twelve months ended February 25, 1995) have been derived from the Company's consolidated financial statements which have been audited by independent auditors. The selected consolidated financial data for the twelve months ended January 31, 1998 and the eleven months ended February 1, 1997 is derived from unaudited consolidated financial statements. The unaudited consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position and results of operations for these periods. All prior periods have been restated to reflect the Company's same-day delivery business as discontinued operations. The information set forth below should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements of the Company.

(1)In January 1999, the Company adopted a plan to discontinue the same-day delivery business; accordingly, all periods have been restated to reflect the same-day delivery business as discontinued operations. The Hermann Marketing, Inc. ("HMI") acquisition (effective January 30, 1997), the Sofco-Mead, Inc. ("Sofco") acquisition (effective January 24, 1997), the United TransNet, Inc. ("UT") acquisition (effective November 8, 1996), the Nimsa S.A. ("Nimsa") acquisition (effective October 31, 1996), the U.S. Delivery, Inc. ("Delivery") acquisition (effective March 1, 1996), the Richard Young Journal, Inc. ("Young") acquisition (effective February 27, 1996) and the Lucas Bros., Inc. ("Lucas") acquisition (effective November 30, 1993) were accounted for as poolings of interests and, accordingly, their accounts and results are included for all applicable periods, except that the Delivery and UT results are reflected as part of discontinued operations.

(2)Cost of sales includes occupancy and delivery expenses.

(3)Reflects the write-down to fair market value of certain inventory which the Company decided to eliminate from its product line as a part of restructuring or upon merger.

(4)Restructuring charges in fiscal 1998 primarily reflect planned employee terminations and facility closures and consolidation. Merger and other nonrecurring charges in fiscal 1997 include the acquisition costs incurred by Data Documents Incorporated ("DDI") and certain provisions for reductions in force and facility closures at other locations. Merger and other nonrecurring charges in prior fiscal years relate primarily to the mergers with Sofco, HMI and Nimsa in fiscal 1996, Young in fiscal 1995 and include, among other things, costs to complete the acquisitions, merging and closing redundant facilities, personnel reductions and centralizing certain administrative functions. Merger and other nonrecurring charges related to the Delivery and UT acquisitions are included in discontinued operations.

(5)In January 1999, the Company adopted a plan to discontinue its same-day delivery business and in fiscal 1995, Sofco adopted a plan to discontinue Sofco-Eastern, Inc.

(6)Reflects extraordinary loss related to a write-off of deferred financing costs associated with its terminated and replaced Senior Credit Facility and the cost of early repayment of the 91/8% Senior Subordinated Notes Series B, both in fiscal 1998 and extraordinary gain related to the repurchase by the Company of $10 million principal amount of 91/8% Series B Senior Subordinated Notes in fiscal 1994.

(7)Pro forma net income reflects the additional taxes that would be incurred to treat a subchapter S acquisition as if the acquired company was a C corporation.

(8)Pro forma net income (loss) per share is calculated by dividing pro forma net income (loss), after preferred stock dividend requirements of Young of $432,000 for fiscal 1994 by basic and diluted weighted common shares outstanding, respectively.

(9)Reflects the fiscal 1998 repurchase of 39,635,681 treasury shares of common stock for a total cost of $427,282,000. Redeemable preferred shares were converted to common stock in fiscal 1994.