On June 1, Heinz
- Because of restructuring and one-time charges, comparisons are difficult. On a continuing operations basis, earnings per diluted share decreased from $2.21 to $2.10.
- No balance sheet data and abbreviated cash flow data limit the usability of Heinz's earnings press release.
- Gross and operating margins continue to decline despite the restructuring.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$8,870 |
$8,643 |
$8,104 |
6.7% |
|
Net Profit |
-- |
$646 |
$753 |
(14.2%) |
|
EPS |
$2.06 |
$1.89 |
$2.13 |
(11.3%) |
|
Diluted Shares |
-- |
342 |
353 |
(3.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2006 |
FY 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35.78% |
37.43% |
(1.65) |
|
Operating Margin |
12.88% |
15.81% |
(2.93) |
|
Net Margin |
7.47% |
9.29% |
(1.82) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Not provided by company.
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,075 |
$1,161 |
(7.4%) |
|
Capital Expenditures |
$231 |
$241 |
(4.2%) |
|
Free Cash Flow |
$844 |
$920 |
(8.2%) |
Find out why Fools always follow the money.
Related Companies:
-
Campbell Soup
(NYSE:CPB) -
ConAgra
(NYSE:CAG) -
Kraft Foods
(NYSE:KFT) -
Tyson Foods
(NYSE:TSN) -
Smithfield Foods
(NYSE:SFD)
Related Foolishness:
Heinz and Kraft Foods are Motley Fool Income Investor selections. Take the newsletter dedicated to dividend payers for a 30-day free trial .
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,Nathan Parmelee had a beneficial interest in shares of Heinz but no positions in any of the other companies mentioned. Fool rules are here.
