FISCAL YEAR ENDED
(In Thousands, Except Per Share Amounts) October 28, 2000 October 30, 1999 October 31, 1998
Sales, less returns and allowances $3,675,132 $3,357,757 $3,261,045
Cost of products sold 2,674,874 2,379,725 2,400,333
Gross Profit 1,000,258 978,032 860,712
Expenses and gain on plant sale:
Selling and delivery 379,326 356,553 328,050
Marketing 292,808 307,376 276,826
Administrative and general 65,517 73,196 72,331
Gain on plant sale (28,379)
Operating Income 262,607 240,907 211,884
Other income and expense:
Interest and investment income 16,204 17,317 14,821
Equity in earnings of affiliates 476 6,995 4,323
Interest expense (14,906) (13,746) (13,692)
Earnings Before Income Taxes 264,381 251,473 217,336
Provision for income taxes 94,164 88,035 78,045
Net Earnings $ 170,217 $ 163,438 $ 139,291
Net Earnings Per Share (basic) $ 1.21 $ 1.12 $ 0.93
Net Earnings Per Share (diluted) $ 1.20 $ 1.11 $ 0.93
See notes to consolidated financial statements.
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