Financial Summary (All financials)
In millions, except per share items | Nov-27-22 | Nov-28-21 | Nov-29-20 | Nov-24-19 | Nov-25-18 | Nov-26-17 | Nov-27-16 | Nov-29-15 |
Revenues | 6,168.6 | 5,763.9 | 4,452.6 | 5,763.1 | 5,575.4 | 4,904.0 | 4,552.7 | 4,494.5 |
Revenue growth | 7.0% | 29.5% | -22.7% | 3.4% | 13.7% | 7.7% | 1.3% | -5.5% |
Cost of goods sold | 2,619.8 | 2,417.2 | 2,099.7 | 2,661.7 | 2,577.5 | 2,341.3 | 2,223.7 | 2,225.5 |
Gross profit | 3,548.8 | 3,346.7 | 2,352.9 | 3,101.4 | 2,998.0 | 2,562.7 | 2,329.0 | 2,269.0 |
Gross margin | 57.5% | 58.1% | 52.8% | 53.8% | 53.8% | 52.3% | 51.2% | 50.5% |
Selling, general and administrative | 3,197.9 | 2,896.8 | 2,545.9 | 2,762.1 | 2,666.4 | 2,082.7 | 1,866.8 | 1,823.9 |
EBITA | 638.3 | 687.3 | -79.9 | 566.7 | 540.4 | 480.1 | 462.4 | 447.2 |
EBITA margin | 10.3% | 11.9% | -1.8% | 9.8% | 9.7% | 9.8% | 10.2% | 10.0% |
Amortization of intangibles | 4.3 | 1.1 | 5.2 | | | | 0.2 | 2.1 |
EBIT | 634.0 | 686.2 | -85.1 | 566.7 | 540.4 | 480.1 | 462.2 | 445.1 |
EBIT margin | 10.3% | 11.9% | -1.9% | 9.8% | 9.7% | 9.8% | 10.2% | 9.9% |
Pre-tax income | 649.6 | 580.2 | -189.7 | 477.6 | 500.0 | 348.8 | 407.3 | 310.4 |
Income taxes | 80.5 | 26.7 | -62.6 | 82.6 | 214.8 | 64.2 | 116.1 | 100.5 |
Tax rate | 12.4% | 4.6% | 33.0% | 17.3% | 43.0% | 18.4% | 28.5% | 32.4% |
Net income | 569.1 | 553.5 | -127.1 | 394.6 | 283.1 | 281.4 | 291.1 | 209.4 |
Net margin | 9.2% | 9.6% | -2.9% | 6.8% | 5.1% | 5.7% | 6.4% | 4.7% |
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Diluted EPS | $1.41 | $1.35 | ($0.32) | $0.97 | $0.73 | $0.73 | | |
Shares outstanding (diluted) | 403.8 | 409.8 | 397.3 | 408.4 | 388.6 | 384.3 | | |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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