Second Quarter 2007 Highlights

• The Company realized net earnings of $61.8 million compared to $57 million, an increase of 8.4%. Fully diluted net earnings per share reached $0.53, up 8.2% from $0.49.
• Excluding non-recurring items recorded in the second quarters of 2007 and 2006, adjusted net
  earnings for the second quarter of 2007 would have been $65.5 million, an increase of 11.6%, and adjusted fully diluted net earnings per share would have been $0.56, an increase of 12%. Nonrecurring items include integration and rationalization costs of $5.4 million before taxes for the second quarter of 2007 and $2.6 million before taxes for the corresponding quarter of 2006.
• Sales decreased 2.3% to $2,356.2 million. Excluding decreased sales of tobacco products, lost sales due to the disposal, in the fourth quarter of 2006, of our interest in a grocery wholesaler, and the fact that Christmas week fell in the first quarter of 2007 rather than the second quarter as in 2006, sales would have increased by 3%. Excluding the Christmas week, same-store sales increased by 2.5%.
• Synergies of $20.6 million were achieved in the second quarter compared to $9.2 million in the same quarter last year. We expect to achieve close to $90 million of synergies in fiscal 2007. 

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