Financial Summary (All financials)
In millions, except per share items | May-28-22 | May-29-21 | May-30-20 | Jun-01-19 | Jun-02-18 | Jun-03-17 | May-28-16 | May-30-15 |
Revenues | 1,777.2 | 1,349.0 | 1,351.6 | 1,361.2 | 1,502.9 | 1,074.5 | 1,908.7 | 1,576.1 |
Revenue growth | 31.7% | -0.2% | -0.7% | -9.4% | 39.9% | -43.7% | 21.1% | 9.4% |
Cost of goods sold | 1,440.1 | 1,188.3 | 1,172.0 | 1,138.3 | 1,141.9 | 1,029.0 | 1,260.6 | 1,180.4 |
Gross profit | 337.1 | 160.7 | 179.6 | 222.9 | 361.0 | 45.6 | 648.1 | 395.7 |
Gross margin | 19.0% | 11.9% | 13.3% | 16.4% | 24.0% | 4.2% | 34.0% | 25.1% |
Selling, general and administrative | 198.6 | 183.9 | 178.2 | 177.0 | 179.3 | 176.0 | 177.8 | 160.4 |
EBITA | 137.5 | -17.2 | 4.9 | 53.4 | 188.0 | -126.9 | 477.9 | 240.9 |
EBITA margin | 7.7% | -1.3% | 0.4% | 3.9% | 12.5% | -11.8% | 25.0% | 15.3% |
Amortization of intangibles | 2.2 | 2.5 | 2.9 | 2.8 | 2.8 | 2.2 | 2.6 | 2.9 |
EBIT | 135.3 | -19.7 | 2.0 | 50.6 | 185.2 | -129.1 | 475.3 | 238.0 |
EBIT margin | 7.6% | -1.5% | 0.1% | 3.7% | 12.3% | -12.0% | 24.9% | 15.1% |
Pre-tax income | 166.0 | -9.9 | 20.1 | 70.8 | 117.3 | -114.3 | 487.2 | 246.5 |
Income taxes | 33.6 | -12.0 | 1.7 | 15.7 | -8.9 | -39.9 | 169.2 | 84.3 |
Tax rate | 20.2% | 120.7% | 8.6% | 22.2% | | 34.9% | 34.7% | 34.2% |
Net income | 132.4 | 2.1 | 18.3 | 54.2 | 125.9 | -74.3 | 316.0 | 161.3 |
Net margin | 7.5% | 0.2% | 1.4% | 4.0% | 8.4% | -6.9% | 16.6% | 10.2% |
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Diluted EPS | $2.72 | $0.04 | $0.38 | $1.12 | $2.60 | ($1.54) | $6.53 | $3.33 |
Shares outstanding (diluted) | 48.7 | 48.7 | 48.6 | 48.6 | 48.5 | 48.4 | 48.4 | 48.4 |
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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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