Longs Drug Stores Corporation Reports Second Quart...(ghted average number of shares outst...),Health

shares outstanding:

Basic 35,350 37,417 35,553 37,469

Diluted 36,062 38,326 36,252 38,412

Number of stores in

continuing operations,

beginning of period 516 487 510 486

Stores opened 4 2 6 3

Stores acquired 2 6 7 12

Stores closed (1) (3) (2) (9)

Number of stores in

continuing operations,

end of period 521 492 521 492

Number of stores in

discontinued operations,

beginning of period - 13 - 23

Stores opened - - - -

Stores acquired - - - -

Stores closed - (13) - (23)

Number of stores in

discontinued operations,

end of period - - - -

Store relocations - - - 1

Condensed Consolidated Balance Sheets (unaudited)

July 31, January 31, July 26,

2008 2008 2007

Thousands Except Share Information

Assets

Current Assets:

Cash and cash equivalents $26,867 $27,019 $24,463

Accounts receivable, net 433,828 334,972 301,157

Merchandise inventories, net 465,981 510,482 494,473

Deferred income taxes 62,611 64,500 59,985

Prepaid expenses and other current'/>"/>