Harris Teeter 2007 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2007 Harris Teeter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

30
STATEMENTS OF CONSOLIDATED INCOME
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands, except per share data)
52 Weeks
Ended
September 30,
2007
52 Weeks
Ended
October 1,
2006
52 Weeks
Ended
October 2,
2005
Net Sales .......................................... $ 3,639,208 $ 3,265,856 $ 2,964,655
Cost of Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,542,861 2,293,934 2,098,590
Selling, General and Administrative Expenses . . . . . . . . . . . . 948,173 848,853 750,805
Operating Profit ................................... 148,174 123,069 115,260
Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,654 14,125 12,950
Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (307 ) (630 ) (2,812 )
Net Investment Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (228 ) (4,447 ) (3,388 )
Minority Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 564 624 952
Income Before Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130,491 113,397 107,558
Income Tax Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,803 41,061 38,960
Net Income ........................................ $ 80,688 $ 72,336 $ 68,598
Net Income Per Share:
Basic .......................................... $ 1.69 $ 1.53 $ 1.45
Diluted ........................................ $ 1.68 $ 1.52 $ 1.44
Weighted Average Number of Shares of Common
Stock Outstanding:
Basic .......................................... 47,605 47,233 47,206
Diluted ........................................ 48,139 47,687 47,730
See Notes to Consolidated Financial Statements