On Aug. 22, Heinz
- The company boasted of achieving "strong sales increases of 5.3%" against the same period last year. While few investors would consider 5.3% a "strong" number, the company did post significant sales gains in North America and the Asia Pacific region (11.5% and 9.9%, respectively.)
- Reorganization charges hurt GAAP earnings, however, and free cash flow declined significantly as well.
- The diluted share count declined by 1.7%, a very shareholder-friendly development.
(Figures in millions, except per-share data)
Income Statement Highlights (What's this?)
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change |
|
---|---|---|---|---|
Sales |
$2080 |
$2,110.2 |
$2,003 |
+5.3% |
Net Profit |
$ - |
$157.3 |
$194.8 |
-19.3% |
EPS |
$0.49 |
$0.45 |
$0.55 |
-18.2% |
Margin Checkup (What's this?)
Q1 2006 |
Q1 2005 |
Change |
|
---|---|---|---|
Gross Margin |
35.7% |
36.9% |
-1.2% |
Op. Margin |
13.3% |
17% |
-3.7% |
Net Margin |
7.4% |
9.7% |
-2.3% |
Balance Sheet Highlights (What's this?)
We'll have to wait on the company's 10-Q filing for this one; Heinz did not provide a balance sheet with its earnings release.
Cash Flow Highlights (What's this?)
Q1 2006 |
Q1 2005 |
% Change |
|
---|---|---|---|
Cash From Ops |
165.9 |
186.2 |
-10.9% |
Capital Expend. |
47.2 |
38.4 |
+22.9% |
Free Cash Flow |
118.7 |
147.8 |
-19.7% |
Related Companies:
-
Groupe Danone
(NYSE:DA) -
Campbell Soup
(NYSE:CPB) -
ConAgra Foods
(NYSE:CAG) -
Kraft
(NYSE:KFT) -
Unilever
(NYSE:UL) -
Novartis
(NYSE:NVS) , which competes with Heinz in the baby food segment through its Gerber subsidiary.
Related Foolishness:
- Get a Foolish perspective on Heinz's saucy quarter.
- Maybe Heinz isn't so thrilled about the "5.3%" number after all. The company seems to be on a buying spree.
- Heinz grabs another (frozen) toehold in the warehouse groceries sector.
H.J. Heinz is a Motley Fool Income Investor pick.
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.
At the time of publication, Fool contributor Rich Smith had positions in no company mentioned. Fool rules are here.