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Duane Reade Holdings, Inc. Reports Fourth Quarter and Full Year 2008 Results
Date:3/10/2009

52 Weeks Ended December December December December 27, 2008 29, 2007 27, 2008 29, 2007 Gross Margin $140,029 $132,425 $546,900 $510,376 LIFO Expense (Benefit) (1) 1,592 (200) 3,992 1,600 FIFO Gross Margin $141,621 $132,225 $550,892 $511,976 FIFO Gross Margin as a percentage of Net retail store sales 33.0% 31.9% 32.6% 31.5% Reconciliation of Selling, General and Administrative Expenses, Excluding Litigation Settlement Charge (Unaudited) (In thousands) For the 13 Weeks Ended For the 52 Weeks Ended December December December December 27, 2008 29, 2007 27, 2008 29, 2007 Selling, general and administrative expenses $122,361 $109,785 $476,574 $446,696 Litigation settlement charge (2) 3,500 - 3,500 - Selling, general and administrative expenses, excluding litigation settlement charge $118,861 $109,785 $473,074 $446,696 Selling, general and administrative expenses, excluding litigation settlement charge as a percentage of Net sales 25.6% 25.4% 26.7% 26.5% Reconciliation of Operating (Loss) Income, Excluding Litigation Settlement Charge (Unaudited) (In thousands) For the 13 Weeks Ended For the 52 Weeks Ended December December December December
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