Harris Teeter 2011 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2011 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 116

  • 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
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

STATEMENTS OF CONSOLIDATED OPERATIONS
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands, except per share data)
52 Weeks Ended
October 2,
2011
53 Weeks Ended
October 3,
2010
52 Weeks Ended
September 27,
2009
Net Sales $4,285,565 $4,099,353 $3,827,005
Cost of Sales 3,015,517 2,871,907 2,657,564
Selling, General and Administrative Expenses 1,089,342 1,050,590 1,001,327
Operating Profit 180,706 176,856 168,114
Interest Expense 19,116 19,708 16,574
Interest Income (133) (187) (13)
Net Investment Gain (19,392) (310) (746)
Earnings From Continuing Operations Before Income Taxes 181,115 157,645 152,299
Income Tax Expense 69,657 58,993 58,702
Earnings From Continuing Operations 111,458 98,652 93,597
Earnings (Loss) From Discontinued Operations 26,078 19,693 (14,110)
Income Tax Expense (Benefit) 9,816 6,304 (6,477)
Loss on Sale of Discontinued Operations, Net of $12,277 of
Income Tax Benefits (36,473) - -
Earnings (Loss) From Discontinued Operations, Net of Income Tax (20,211) 13,389 (7,633)
Net Earnings $ 91,247 $ 112,041 $ 85,964
Earnings (Loss) Per Share - Basic:
Continuing Operations $ 2.30 $ 2.05 $ 1.95
Discontinued Operations $ (0.42) $ 0.28 $ (0.16)
Earnings (Loss) Per Share - Diluted:
Continuing Operations $ 2.28 $ 2.03 $ 1.94
Discontinued Operations $ (0.41) $ 0.28 $ (0.16)
Weighted Average Number of Shares of Common Stock
Outstanding:
Basic 48,469 48,215 47,964
Diluted 48,852 48,600 48,337
See Notes to Consolidated Financial Statements
24