Wimm-Bill-Dann Provides Juicy Numbers: Fool by Numbers

On June 5, Wimm-Bill-Dann Foods (NYSE: WBD) released first-quarter earnings for the period ended March 31.

• The company's sales increased by 40.1% to $542.8 million, supported by a 44% increase in dairy revenues.
• Acquisitions by the company contributed 10.4% of its sales growth, with organic growth making up 29.7%.
• During this quarter, the company successfully consolidated 16 legal entities, effectively lowering its tax rate to 28.7%
• Wimm-Bill-Dann Foods has a Motley Fool CAPS rating of two stars out of a possible five, while competitors Groupe Danone (NYSE: DA) and Coca-Cola (NYSE: KO) each carry a four-star rating. To see what the community is saying, join the service for free today.

(Figures in millions, except per-share data.)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Sales	$542.8	$387.5	40.1%
Net Profit	$32.1	$17.4	84.8%
EPS	$0.73	$0.39	87.2%
Diluted Shares	44.0	44.0	0%

Get back to basics with the income statement.

Margin Checkup

	Q1 2007	Q1 2006	Change*
Gross Margin	32%	29.3%	2.8
Operating Margin	9.5%	7.7%	1.8
Net Margin	5.9%	4.5%	1.4

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$116.9	$139.2	(16%)
Accounts Rec.	$113.9	$65.7	73.4%
Inventory	$140.9	$117.0	20.4%

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	$104.0	$68.9	50.9%
Long-Term Debt	$431.2	$247.5	74.3%

The balance sheet reflects the company's health.

Cash Flow Highlights

	Q1 2007	Q1 2006	Change
Cash From Ops.	$78.8	$57.9	36%
Capital Expenditures	$26.7	$18.4	45.1%
Free Cash Flow	$52.1	$39.5	31.8%

Free cash flow is a Fool's best friend.

Related Foolishness:

• Foolish Forecast: Where's Wimm-Bill-Dann?
• Foolish Forecast: Is Coke Still The Real Thing?
• Quick Take: Pleasantly Surprised by Diet Coke Plus

Coca-Cola is a Motley Fool Inside Value selection. To see what other stocks have been found at bargain basement prices, take a free 30-day trial to the newsletter service today.

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.