Harris Teeter 1997 Annual Report Download - page 20

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Ruddick
RUDDICK CORPORATION
AND SUBSIDIARIES
18 (Dollars in thousands, except per share data) 1997 1996 1995
Net Sales $ 2,300,089 $2,142,501 $2,009,776
Cost of Sales 1,667,858 1,561,098 1,483,859
Selling, General and Administrative Expenses 537,395 498,260 449,189
Operating Profit 94,836 83,143 76,728
Net Interest Expense 14,558 12,155 10,480
Other Administrative Expense, Net 8,976 8,979 6,991
Income Before Taxes 71,302 62,009 59,257
Taxes 23,571 19,207 19,990
Net Income 47,731 42,802 39,267
Retained Earnings at Beginning of Fiscal Year 293,654 262,921 235,219
Common Dividend: 1997 – $.32 a share;
1996 – $.26 a share; 1995 – $.25 a share 14,897 12,069 11,565
Retained Earnings at End of Fiscal Year $ 326,488 $293,654 $262,921
Net Income Per Share $1.02 $.92 $.84
The accompanying notes to consolidated financial statements are an integral part of these statements.
September 28 September 29 October 1
Statements of Consolidated Income and Retained Earnings
For the Fiscal Years Ended,