Cracker Barrel 2005 Annual Report Download - page 51

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49
CBRL GROUP, INC.
Consolidated Statement of Income
(In thousands except share data)
Fiscal years ended
July 29, July 30, August 1,
2005 2004 2003
Total revenue $ 2,567,548 $ 2,380,947 $ 2,198,182
Cost of goods sold 847,045 785,703 703,915
Gross profit 1,720,503 1,595,244 1,494,267
Labor and other related expenses 939,849 880,617 819,957
Other store operating expenses 447,506 405,139 380,534
Store operating income 333,148 309,488 293,776
General and administrative 130,986 126,501 121,898
Operating income 202,162 182,987 171,878
Interest expense 8,693 8,444 8,892
Interest income 96 5 73
Income before income taxes 193,565 174,548 163,059
Provision for income taxes 66,925 62,663 57,951
Net income $ 126,640 $ 111,885 $ 105,108
Net income per share – basic $ 2.65 $ 2.29 $ 2.13
Net income per share – diluted $ 2.45 $ 2.12 $ 1.97
Basic weighted average shares outstanding 47,791,317 48,877,306 49,274,373
Diluted weighted average shares outstanding 53,382,007 54,952,633 55,581,127
See Notes to Consolidated Financial Statements.