Whole Foods 2007 Annual Report Download - page 48
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42
Whole Foods Market, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
Fiscal years ended September 30, 2007, September 24, 2006 and September 25, 2005
2007 2006 2005
Sales $ 6,591,773 $ 5,607,376 $ 4,701,289
Cost of goods sold and occupancy costs 4,295,170 3,647,734 3,052,184
Gross profit 2,296,603 1,959,642 1,649,105
Direct store expenses 1,711,229 1,421,968 1,223,473
General and administrative expenses 217,743 181,244 158,864
Pre-opening and relocation costs 70,180 37,421 37,035
Operating income 297,451 319,009 229,733
Interest expense (4,208) (32) (2,223)
Investment and other income 11,324 20,736 9,623
Income before income taxes 304,567 339,713 237,133
Provision for income taxes 121,827 135,885 100,782
Net income $ 182,740 $ 203,828 $ 136,351
Basic earnings per share $ 1.30 $ 1.46 $ 1.05
Weighted average shares outstanding 140,088 139,328 130,090
Diluted earnings per share $ 1.29 $ 1.41 $ 0.99
Weighted average shares outstanding, diluted basis 141,836 145,082 139,950
Dividends declared per share $ 0.87 $ 2.45 $ 0.47
The accompanying notes are an integral part of these consolidated financial statements.