Harris Teeter 2012 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2012 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 128

  • 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
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

STATEMENTS OF CONSOLIDATED OPERATIONS
HARRIS TEETER SUPERMARKETS, INC. AND SUBSIDIARIES
(dollars in thousands, except per share data)
52 Weeks Ended
October 2,
2012
52 Weeks Ended
October 2,
2011
53 Weeks Ended
October 3,
2010
Net Sales $4,535,414 $4,285,565 $4,099,353
Cost of Sales 3,176,914 3,015,517 2,871,907
Selling, General and Administrative Expenses 1,187,522 1,089,342 1,050,590
Operating Profit 170,978 180,706 176,856
Interest Expense 16,998 19,116 19,708
Interest Income (587) (133) (187)
Net Investment Gain - (19,392) (310)
Earnings From Continuing Operations Before Income Taxes 154,567 181,115 157,645
Income Tax Expense 54,640 69,657 58,993
Earnings From Continuing Operations, Net of Income Taxes 99,927 111,458 98,652
(Loss) Earnings From Operations of Discontinued Operations (15,755) 26,078 19,693
Loss on Disposition of Discontinued Operations (3,717) (48,750) -
Income Tax (Benefit) Expense (2,057) (2,461) 6,304
(Loss) Earnings From Discontinued Operations, Net of Income Taxes (17,415) (20,211) 13,389
Net Earnings $ 82,512 $ 91,247 $ 112,041
Earnings (Loss) Per Share - Basic:
Continuing Operations $ 2.05 $ 2.30 $ 2.05
Discontinued Operations $ (0.36) $ (0.42) $ 0.28
Net Earnings $ 1.69 $ 1.88 $ 2.32
Earnings (Loss) Per Share - Diluted:
Continuing Operations $ 2.04 $ 2.28 $ 2.03
Discontinued Operations $ (0.36) $ (0.41) $ 0.28
Net Earnings $ 1.68 $ 1.87 $ 2.31
Weighted Average Number of Shares of Common Stock
Outstanding:
Basic 48,751 48,469 48,215
Diluted 49,053 48,852 48,600
Dividends Declared Per Common Stock $ 0.55 $ 0.52 $ 0.48
See Notes to Consolidated Financial Statements
25