<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS. (AMOUNTS IN THOUSANDS)
</LEGEND>
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   9-MOS
<FISCAL-YEAR-END>                            JUN-30-1997             JUN-30-1997
<PERIOD-START>                               JUL-01-1996             JUL-01-1997
<PERIOD-END>                                 JUN-30-1997             MAR-31-1998
<CASH>                                          36,877<F1>              90,311<F1>
<SECURITIES>                                         0                       0
<RECEIVABLES>                                   93,763                 173,935
<ALLOWANCES>                                    (1,410)                 (1,410)
<INVENTORY>                                    235,575                 413,083
<CURRENT-ASSETS>                                     0<F2>                   0<F2>
<PP&E>                                          17,550                  91,628
<DEPRECIATION>                                  (8,629)                (17,991)
<TOTAL-ASSETS>                                 412,401               2,516,461
<CURRENT-LIABILITIES>                                0<F2>                   0<F2>
<BONDS>                                              0                 886,341
<PREFERRED-MANDATORY>                                0                 345,000
<PREFERRED>                                     50,000                       0
<COMMON>                                             1                      16
<OTHER-SE>                                      82,686                  50,070
<TOTAL-LIABILITY-AND-EQUITY>                   412,401               2,516,461
<SALES>                                        307,820                 486,412
<TOTAL-REVENUES>                               307,820                 486,412
<CGS>                                         (180,381)               (274,957)
<TOTAL-COSTS>                                 (249,041)               (398,415)
<OTHER-EXPENSES>                                (1,546)                 (3,746)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              (2,226)                (96,360)
<INCOME-PRETAX>                                 55,007                 (12,109)
<INCOME-TAX>                                   (14,567)                 (1,459)
<INCOME-CONTINUING>                             40,440                 (13,568)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                    40,440                 (13,568)
<EPS-PRIMARY>                                     2.53<F3>               (2.14)<F3>
<EPS-DILUTED>                                     2.53<F3>               (2.14)<F3>
<FN>
<F1>INCLUDES RESTRICTED CASH OF $8,000
<F2>THE COMPANY HAS ELECTED TO PRESENT AN UNCLASSIFIED BALANCE SHEET
<F3>REPRESENTS EPS AFTER DEDUCTION OF DIVIDENDS ON PREFERRED STOCK
</FN>
        

</TABLE>