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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended6 Months Ended
Oct. 26, 2011
Oct. 27, 2010
Oct. 26, 2011
Oct. 27, 2010
Sales$ 2,831,832$ 2,614,623$ 5,681,413$ 5,095,448
Cost of products sold1,861,7941,647,9963,725,8823,220,844
Gross profit970,038966,6271,955,5311,874,604
Selling, general and administrative expenses612,303549,8281,228,2331,052,090
Operating income357,735416,799727,298822,514
Interest income9,1914,57818,9688,695
Interest expense75,17767,328146,132134,080
Other income/(expense), net1,244(7,519)(1,036)(17,808)
Income before income taxes292,993346,530599,098679,321
Provision for income taxes52,85792,588124,003176,784
Net income240,136253,942475,095502,537
Less: Net income attributable to the noncontrolling interest3,1272,50711,97210,675
Net income attributable to H. J. Heinz Company$ 237,009$ 251,435$ 463,123$ 491,862
Net income per share attributable to H. J. Heinz Company common shareholders- Diluted$ 0.73$ 0.78$ 1.43$ 1.53
Average common shares outstanding-diluted323,561322,465323,910321,788
Net income per share attributable to H. J. Heinz Company common shareholders- basic$ 0.74$ 0.78$ 1.44$ 1.54
Average common shares outstanding-basic320,876319,467321,158318,825
Cash dividends per share$ 0.48$ 0.45$ 0.96$ 0.90