On Oct. 30, Sysco
- SYSCO continues to do performance reviews with its customers. According to the company, it experienced increased sales from customers participating.
- EPS declined 9.1% because of the cumulative effect of accounting changes of $39.7 million. Adjusting for the accounting changes, EPS increased, rising from $0.31 to $0.37.
- FCF declined 46.1% as a result of increased working capital requirements, the accounting changes, and increased capital expenditures for facility replacements and expansions, construction of fold-out operations, and additions to fleet.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|---|
Sales |
$8,525 |
$8,672 |
$8,010 |
8.3% |
Net Profit |
-- |
$189 |
$208 |
(9.3%) |
EPS |
$0.36 |
$0.30 |
$0.33 |
(9.1%) |
Diluted Shares |
-- |
625 |
635 |
(1.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
19.25% |
19.10% |
0.15 |
Operating Margin |
4.51% |
4.41% |
0.10 |
Net Margin |
2.18% |
2.60% |
(0.42) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$181 |
$178 |
1.6% |
Accounts Rec. |
$2,637 |
$2,407 |
9.6% |
Inventory |
$1,716 |
$1,569 |
9.4% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$1,914 |
$1,806 |
6% |
Total Debt |
$1,846 |
$1,653 |
11.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
1Q 2007 |
1Q 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$173 |
$200 |
(13.6%) |
Capital Expenditures |
$116 |
$94 |
23.2% |
Free Cash Flow |
$57 |
$106 |
(46.1%) |
Find out why Fools always follow the money.
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Related Foolishness:
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