On Dec. 5, 2006, grocer Kroger (NYSE:KR) released its third-quarter earnings for the period ended Nov. 4, 2006.
- Sales were up 4.8% overall. Same-store sales were up 4.9% including fuel sales, and 5.3% excluding fuel sales.
- Based on its excellent performance, management upped its earnings guidance for FY 2006 from 6%-8% growth to 8%-10% and is shooting for the upper end of the range.
- Kroger is not much of a fan favorite in our new community intelligence service, Motley Fool CAPS. Investors give it a 1-star rating. If you have an opinion, bring it to CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change | |
|---|---|---|---|
|
Sales |
$14,698.8 |
$14,020.5 |
4.8% |
|
Net Profit |
$214.7 |
$185.4 |
15.8% |
|
EPS |
$0.30 |
$0.25 |
20.0% |
|
Diluted Shares |
720.0 |
731.9 |
(1.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
24.3% |
24.4% |
(0.2) |
|
Operating Margin |
3.1% |
3.0% |
0.1 |
|
Net Margin |
1.5% |
1.3% |
0.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$141.3 |
$236.9 |
(40.4%) |
|
Accounts Rec. |
$718.4 |
$664.2 |
8.2% |
|
Inventory |
$4,967.7 |
$4,785.8 |
3.8% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,846.7 |
$3,762.8 |
2.2% |
|
Long-Term Debt |
$6,127.3 |
$6,596.5 |
(7.1%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$1,830.7 |
$2,049.0 |
(10.7%) |
|
Capital Expenditures |
$1,177.8 |
$1,010.9 |
16.5% |
|
Free Cash Flow |
$652.9 |
$1,038.1 |
(37.1%) |
Find out why Fools always follow the money.
Related Companies:
- Safeway (NYSE:SWY)
- Whole Foods (NASDAQ:WFMI)
- Ahold (NYSE:AHO)
Related Foolishness:
Whole Foods is a Motley Fool Stock Advisor recommendation.
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, David Meier did not own shares in any of the companies mentioned. Fool rules for disclosure are here.
