<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains restated summary financial information for Fingerhut
Companies, Inc. reflecting the discontinued operation of Metris Companies Inc.
for the fiscal years ending December 27, 1996 and December 26, 1997 and for the
fiscal quarters ending March 28, 1997, June 27, 1997, and September 26, 1997.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>                     <C>                     <C>
<C>
<PERIOD-TYPE>                   12-MOS                   12-MOS                   3-MOS                   6-MOS
9-MOS
<FISCAL-YEAR-END>                          DEC-27-1996             DEC-26-1997             DEC-26-1997             DEC-26-1997
             DEC-26-1997
<PERIOD-END>                               DEC-27-1996             DEC-26-1997             MAR-28-1997             JUN-27-1997
             SEP-26-1997
<CASH>                                          28,795                  96,889                  45,827                  35,251
                  28,176
<SECURITIES>                                         0                       0                       0                       0
                       0
<RECEIVABLES>                                  551,128                 519,767                 469,497                 439,345
                 437,747
<ALLOWANCES>                                   163,661                 159,360                 134,137                 141,468
                 118,267
<INVENTORY>                                    127,735                 124,424                 131,916                 129,458
                 173,179
<CURRENT-ASSETS>                               756,788                 761,067                 728,500                 660,282
                 712,368
<PP&E>                                         454,253                 472,831                 457,266                 461,517
                 469,073
<DEPRECIATION>                                 174,234                 216,105                 185,327                 196,104
                 207,441
<TOTAL-ASSETS>                               1,224,178               1,229,485               1,187,984               1,122,022
               1,177,284
<CURRENT-LIABILITIES>                          317,860                 283,841                 306,810                 233,329
                 273,574
<BONDS>                                        270,000                 245,000                 270,000                 245,000
                 270,000
<PREFERRED-MANDATORY>                                0                       0                       0                       0
                       0
<PREFERRED>                                          0                       0                       0                       0
                       0
<COMMON>                                           462                     463                     462                     460
                     462
<OTHER-SE>                                     604,939                 669,522                 605,559                 612,446
                 626,420
<TOTAL-LIABILITY-AND-EQUITY>                 1,224,178               1,229,485               1,187,984               1,122,022
               1,177,284
<SALES>                                      1,638,363               1,530,228                 290,156                 630,556
                 953,393
<TOTAL-REVENUES>                             1,615,002               1,519,351                 293,290                 634,045
                 959,094
<CGS>                                          827,086                 738,740                 146,433                 323,722
                 482,475
<TOTAL-COSTS>                                1,557,252               1,432,417                 292,297                 622,791
                 976,779
<OTHER-EXPENSES>                                     0                       0                       0                       0
                       0
<LOSS-PROVISION>                               112,084                  97,593                  20,992                  41,145
                  62,102
<INTEREST-EXPENSE>                              25,305                  27,946                   7,219                  14,434
                  21,315
<INCOME-PRETAX>                                 32,445                  58,988                 (6,226)                 (3,180)
                   3,640
<INCOME-TAX>                                    11,322                  21,267                 (2,476)                 (1,264)
                   1,314
<INCOME-CONTINUING>                             21,123                  37,721                 (3,750)                 (1,916)
                   2,326
<DISCONTINUED>                                  19,036                  31,608                   6,311                  14,368
                  23,137
<EXTRAORDINARY>                                      0                       0                       0                       0
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                    40,159                  69,329                   2,561                  12,470
                  25,463
<EPS-PRIMARY>                                      .87                    1.50                     .06                     .27
                     .55
<EPS-DILUTED>                                      .83                    1.40                     .05                     .26
                     .52
        


</TABLE>