On Monday, Kraft Foods (NYSE:KFT) released Q3 earnings for the period ended Sept. 30.
- For the full story, read the Kraft earnings take.
- While Kraft grew net profits by 11%, the 2.3% revenue growth was not in line with the company's goals. The company is focusing on a number of growth initiatives involving convenience and healthier alternatives.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$8,240 |
$8,243 |
$8,057 |
2.3% |
|
Net Profit |
-- |
$748 |
$674 |
11% |
|
EPS |
$0.45 |
$0.45 |
$0.40 |
12.5% |
|
Diluted Shares |
-- |
1,648 |
1,689 |
(2.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
36.39% |
35.45% |
0.94 |
|
Operating Margin |
16.46% |
14.25% |
2.21 |
|
Net Margin |
9.07% |
8.37% |
0.70 |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$655 |
$235 |
178.7% |
|
Accounts Rec. |
$3,573 |
$3,335 |
7.1% |
|
Inventory |
$3,857 |
$3,799 |
1.5% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,376 |
$2,159 |
10.1% |
|
Long-Term Debt |
$7,081 |
$9,723 |
(27.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Kraft must be busy snacking, because it forgot to include a cash flow statement.
Find out why Fools always follow the money.
Related companies:
- ConAgra Foods (NYSE:CAG)
- Kellogg (NYSE:K)
- Sara Lee (NYSE:SLE)
Related Foolishness:
- Want a Piece of Kraft?
- Kraft Needs to Craft More Growth
- Kraft's New Big Cheese
- A Low-Key Quarter for Kraft
Kraft Foods is a Motley Fool Income Investor recommendation. To find out why, try a free 30-day trial of the newsletter. Sara Lee used to be an Income Investor recommendation.
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