Financial Profile

McRae Industries, Inc. (MRI:AMEX) The Company's principal operations have been classified into three business segments: bar code operations, office products and printing and footwear manufacturing. The bar code segment manufactures and sells bar code reading and printing devices and other items related to optical data collection. The office products and printing segment sells , provides maintenance and leases photocopiers, facsimile and digital duplicators. The footwear segment manufactures combat boots principally for the U.S. Government, and western and work boots.
Approximate Employees: 615
FYE 8/2
2003
2002
2001
2000
Net Revenues ($000)
77,042
74,531
57,145
57,141
Net Income ($000)
2,477
2,585
(697)
1,357
Net Income Percent Change (%)
na
na
na
73.53
Profit Margin (%)
3.22
3.47
na
2.37
Shareholders Equity ($000)
31,602
29,581
27,371
28,589
Return Shareholders Equity (%)
8.37
9.44
na
4.86
Shareholders Equity/Share
11.42
10.69
9.89
10.33
Earnings per share
0.89
0.93
(0.21)
0.54
Dividends per share*
0.24
0.21
0.28
0.36
Shares Outstanding (000)**
2,768
2,768
2,768
2,768

Company reported for the third quarter ended 5/1/04 earnings of $790,000 or $0.29 per share on revenues of $24,780,000 vs. earnings of $568,000 or $0.20 per share on revenues of $19,221,000 for the same period last year.

Company reported for the nine months ended 5/1/04 earnings of $1,338,000 or $0.48 per share on revenues of $65,602,000 vs. earnings of $1,479,000 or $0.53 per share on revenues of $56,629,000 for the same period last year.

* Dividends were paid on Class A Common Stock only.

** Includes both Class A and Class B Common Stock.

COMPANY CONTACT: D. Gary McRae, Chairman of the Board, President and Chief Executive Officer (910) 439-6147

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