Hillshire Brands Co (HSH) [Rocket]

In millions, except per share items	Jun-28-14	Mar-29-14	Dec-28-13	Sep-28-13	Jun-29-13	Mar-30-13	Dec-29-12	Sep-29-12
	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues:
Retail	4,297.0	4,194.0	4,173.0	4,151.0	4,175.0
Foodservice/Other	1,577.0	1,514.0	1,504.0	1,504.0	1,504.0
Other				-1,725.0				3,836.0
Total revenues	4,085.0	3,983.0	3,952.0	3,930.0	3,920.0	3,941.0	3,952.0	3,945.0
Revenue growth [+]	4.2%	1.1%	0.0%	-0.4%	-1.9%	-22.2%	-34.0%	-42.8%
Retail	2.9%
Foodservice/Other	4.9%
Cost of goods sold	2,920.0	2,848.0	2,826.0	2,797.0	2,758.0	2,773.0	2,796.0	2,823.0
Gross profit	1,165.0	1,135.0	1,126.0	1,133.0	1,162.0	1,168.0	1,156.0	1,122.0
Gross margin	28.5%	28.5%	28.5%	28.8%	29.6%	29.6%	29.3%	28.4%
Selling, general and administrative [+]	820.0	797.0	802.0	824.0	824.0	895.0	892.0	894.0
General and administrative				-25.0				-31.0
Other selling, general and administrative				849.0				925.0
Other operating expenses	24.6	32.6	29.0	31.0	31.0	-32.0	-29.0	7.0
EBITDA [+]	475.4	462.4	453.0	438.0	473.0	508.0	549.0	503.0
EBITDA growth	0.5%	-9.0%	-17.5%	-12.9%	-2.7%	-17.1%	-27.5%	-48.1%
EBITDA margin	11.6%	11.6%	11.5%	11.1%	12.1%	12.9%	13.9%	12.8%
Depreciation	127.0	135.0	136.0	138.0	144.0	179.0	222.0	244.0
EBITA	348.4	327.4	317.0	300.0	329.0	329.0	327.0	259.0
EBITA margin	8.5%	8.2%	8.0%	7.6%	8.4%	8.3%	8.3%	6.6%
Amortization of intangibles	28.0	22.0	22.0	22.0	22.0	24.0	34.0	38.0
EBIT [+]	320.4	305.4	295.0	278.0	307.0	305.0	293.0	221.0
EBIT growth	4.4%	0.1%	0.7%	25.8%	76.4%	8.2%	-31.2%	-63.9%
EBIT margin	7.8%	7.7%	7.5%	7.1%	7.8%	7.7%	7.4%	5.6%
Non-recurring items [+]	14.4	9.4			10.0	82.0
Asset impairment						1.0
Interest expense, net [+]	39.0	41.0	42.0	43.0	41.0	39.0	48.0	59.0
Interest expense	48.0	50.0	51.0	50.0	48.0	45.0	54.0	65.0
Interest income	9.0	9.0	9.0	7.0	7.0	6.0	6.0	6.0
Pre-tax income	267.0	255.0	243.0	225.0	256.0	145.0	125.0	38.0
Income taxes	55.0	35.0	23.0	61.0	72.0	58.0	53.0	14.0
Tax rate	20.6%	13.7%		27.1%	28.1%	40.0%	42.4%	36.8%
Earnings from continuing ops	212.0	220.0	220.0	164.0	184.0	489.0	559.0	511.0
Earnings from discontinued ops			58.0		68.0	321.0	182.0	635.0
Net income	213.0	227.0	278.0	228.0	252.0	810.0	741.0	1,146.0
Net margin	5.2%	5.7%	7.0%	5.8%	6.4%	20.6%	18.8%	29.0%

Basic EPS [+]	$1.72	$1.79	$1.79	$1.33	$1.50	$4.02	$4.63	$4.28
Growth	15.0%	-55.5%	-61.4%	-68.8%	-62.5%	520.3%	895.3%	754.4%
Diluted EPS [+]	$1.71	$1.77	$1.77	$1.33	$1.49	$4.00	$4.62	$4.26
Growth	14.3%	-55.6%	-61.6%	-68.9%	-62.5%	521.5%	900.1%	756.4%

Dividends per share [+]	($524,998.78)	($374,998.98)	($374,999.03)	($374,999.08)	($374,999.13)	$0.38	$0.83	$1.28
Growth	40.0%	-99999826.7%	-45454527.3%	-29411792.2%	-32608719.6%	-81.3%	-52.7%	-11.5%

Shares outstanding (basic) [+]	123.0	123.0	123.0	123.0	122.8	121.8	120.8	119.5
Growth	0.2%	1.0%	1.9%	2.9%	3.6%	-50.1%	-67.0%	-75.9%
Shares outstanding (diluted) [+]	124.3	124.0	124.0	123.8	123.3	122.3	121.0	120.0
Growth	0.8%	1.4%	2.5%	3.1%	3.6%	-50.2%	-67.1%	-75.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.