Food Lion 2014 Annual Report Download - page 161
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DELHAIZE GROUP FINANCIAL STATEMENTS 2014 // 157
Details of Impact of 53rd Week on Profit or Loss
2014
2013
Variance 2014/2013
(in millions of €)
Incl. 53rd
week
Excl. 53rd
week
Incl. 53rd
week
Excl. 53rd
week
Revenues
21 361
21 102
20 593
3.7%
2.5%
Cost of sales
(16 222)
(16 029)
(15 579)
-
4.1%
-2.9
%
Gross Profit
5 139
5 073
5 014
-2.5%
-1.2%
Gross margin
24.1%
24.0%
24.3%
Selling, general and administrative expenses
(4 503)
(4 461)
(4 347)
-3.6%
-2.6%
Operating profit
423
399
537
-21.2%
-25.8%
Operating margin
2.0%
1.9%
2.6%
Underlying operating profit
762
737
789
-3.4%
-6.5%
Underlying operating margin
3.6%
3.5%
3.8%
Delhaize Group Annual Report 2014 • 159