On March 13, grocery retailer Kroger
- Revenues rose 14.5% to $16.9 billion, while identical supermarket sales grew by 5.6%.
- Earnings per share increased by 38.5% to $0.54 per diluted share, compared with $0.39 per diluted share in the same period last year.
- The company expects EPS to grow by 9% to 12% in fiscal 2007, with earnings of $1.60-$1.65 per diluted share.
- In our Motley Fool CAPS stock-rating service, 98 players rate Kroger as an outperform versus the S&P 500. Tell us what you think.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$16,858.7 |
$14,719.5 |
14.5% |
|
Net Profit |
$384.8 |
$282.1 |
36.4% |
|
EPS |
$0.54 |
$0.39 |
38.5% |
|
Diluted Shares |
715.2 |
730.3 |
(2.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.5% |
24.9% |
(0.4) |
|
Operating Margin |
4.1% |
3.9% |
0.3 |
|
Net Margin |
2.3% |
1.9% |
0.4 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$189.3 |
$209.9 |
(9.8%) |
|
Accounts Rec. |
$778.0 |
$686.1 |
13.4% |
|
Inventory |
$4,609.1 |
$4,485.7 |
2.8% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,803.6 |
$3,545.9 |
7.3% |
|
Long-Term Debt |
$6,153.8 |
$6,678.3 |
(7.9%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,350.8 |
$2,191.7 |
7.3% |
|
Capital Expenditures |
$1,683.1 |
$1,306.5 |
28.8% |
|
Free Cash Flow |
$667.7 |
$885.2 |
(24.6%) |
Free cash flow is a Fool's best friend.
Related Foolishness:
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
