Safeway 2007 Annual Report Download - page 87

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Note O: Quarterly Information (Unaudited)
The summarized quarterly financial data presented below reflect all adjustments, which in the opinion of management,
are of a normal and recurring nature necessary to present fairly the results of operations for the periods presented.
(Rounding affects some totals. In millions, except per-share amounts.)
52 Weeks
Last 16
Weeks
Third 12
Weeks
Second 12
Weeks
First 12
Weeks
2007
Sales and other revenue $ 42,286.0 $ 13,356.4 $ 9,784.5 $ 9,823.3 $ 9,321.8
Gross profit 12,152.9 3,831.9 2,789.4 2,801.1 2,730.6
Operating profit 1,772.1 597.7 391.0 422.4 361.0
Income before income taxes 1,403.6 480.3 307.0 338.1 278.2
Net income 888.4 301.1 194.6 218.2 174.4
Net income per share – basic $ 2.02 $ 0.68 $ 0.44 $ 0.50 $ 0.40
Net income per share – diluted 1.99 0.68 0.44 0.49 0.39
52 Weeks
Last 16
Weeks
Third 12
Weeks
Second 12
Weeks (1)
First 12
Weeks
2006
Sales and other revenue $ 40,185.0 $ 12,503.5 $ 9,419.8 $ 9,367.1 $ 8,894.6
Gross profit 11,581.0 3,642.1 2,666.1 2,684.6 2,588.2
Operating profit 1,599.8 545.8 354.1 382.2 317.7
Income before income taxes 1,240.0 435.1 275.3 297.1 232.4
Net income 870.6 307.9 173.5 246.2 142.9
Net income per share – basic $ 1.96 $ 0.70 $ 0.39 $ 0.55 $ 0.32
Net income per share – diluted 1.94 0.69 0.39 0.55 0.32
(1) Net income for the second 12 weeks of 2006 includes a $58.5 million reduction in income tax expense for interest earned on a
federal income tax refund, net of income tax.
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