On Feb. 2, Sara Lee (NYSE:SLE) released Q2 2006 earnings for the period ended Dec. 31, 2005.
- Sara Lee continues to transform itself into a slimmer and more focused food, beverage, and household-care company. But it lowered Q3 and 2006 earnings guidance.
- Diluted Q2 earnings per share hit $0.57, including a $0.28 per-share gain from selling its direct-selling food business.
- Adjusted EPS of $0.31, slightly ahead of analyst expectations of $0.29.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$4,630 |
$4,448 |
$4,512 |
-1.4% |
|
Net Profit |
-- |
$438 |
$326 |
+34.4% |
|
EPS* |
$0.29 |
$0.31 |
$0.37 |
-24.4% |
Get back to basics with a look at the income statement.
Margin Checkup|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
36.76% |
36.79% |
-0.03% |
|
Op. Margin |
7.96% |
8.64% |
-0.68% |
|
Net Margin |
9.85% |
7.23% |
+2.62% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,955 |
$883 |
+121.4% |
|
Inventory |
$2,184 |
$2,791 |
-21.7% |
|
Accounts Rec. |
$1,746 |
$2,095 |
-16.7% |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$3,736 |
$4,487 |
-16.7% |
|
Accounts Pay. |
$1,244 |
$1,432 |
-13.1% |
Cash Flow Highlights
Data not reported for the recent quarter.
Related Companies:
- Altria Group (NYSE:MO)
- Campbell Soup (NYSE:CPB)
- Hormel Foods (NYSE:HRL)
- Kraft Foods (NYSE:KFT)
- Procter & Gamble (NYSE:PG)
- Unilever (NYSE:UL)
Related Foolishness:
- Foolish Fundamentals: Inventory
- Foolish Fundamentals: Valuation
- Foolish Fundamentals: Enterprise Value
Sara Lee, Kraft, and Unilever are Motley Fool Income Investor selections.
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, Andy Cross owned shares in Altria. Fool rules are here.
