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Previous: COMPUTER HORIZONS CORP, S-4/A, 1998-06-02 |
Next: AMERICAN GENERAL FINANCE CORP, 424B3, 1998-06-02 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 28, 1998
---------------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file number 1-3344
----------------------------------
Sara Lee Corporation
-------------------------------
(Exact name of registrant as specified in its charter)
Maryland 36-2089049
- --------------------------- ------------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Three First National Plaza, Suite 4600, Chicago, Illinois 60602-4260
--------------------------------------------------------------------------
(Address of principal executive offices)
(Zip Code)
(312) 726-2600
---------------------------------------------------
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
--------- ---------
On March 28, 1998, the Registrant had 467,083,691 outstanding shares of
common stock $1.33 1/3 par value, which is the Registrant's only class of common
stock.
The document contains 6 pages.
Page 1
<PAGE>
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits (numbered in accordance with Item 601 of Regulation S-K)
<TABLE>
<CAPTION>
Page Number or
Exhibit Incorporation herein
Number Description by Reference to
------- ----------- --------------------
<C> <S> <C>
11 Computation of Net Income Per
Common Share Previously filed
12.1 Computation of Ratio of Earnings to
Fixed Charges Previously filed
12.2 Computation of Ratio of Earnings to
Fixed Charges and Preferred Stock
Dividend Requirements Previously filed
27.1 Financial Data Schedules for the thirteen
weeks ended September 27, 1997, the
twenty-six weeks ended December 27, 1997, and
the thirty-nine weeks ended March 28, 1998 Previously filed
27.2 Financial Data Schedules for the thirteen
weeks ended September 28, 1996, the
twenty-six weeks ended December 28, 1996,
the thirty-nine weeks ended March 29, 1997
and the year ended June 28, 1997. 4
27.3 Financial Data Schedules for the thirteen
weeks ended September 30, 1995, the
twenty-six weeks ended December 30, 1995,
the thirty-nine weeks ended March 30, 1996
and the year ended June 29, 1996. 5
27.4 Financial Data Schedule for the year ended
July 1, 1995 6
</TABLE>
Page 2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment No. 1 to Form 10-Q to be signed on its
behalf by the undersigned thereunto duly authorized.
SARA LEE CORPORATION
--------------------
(Registrant)
/s/ Wayne R. Szypulski
----------------------
Wayne R. Szypulski
Vice President and Controller
DATE: June 2, 1998
Page 3
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONSOLIDATED STATEMENT OF INCOME AND CONSOLIDATED BALANCE SHEET
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS YEAR
<FISCAL-YEAR-END> JUN-28-1997 JUN-28-1997 JUN-28-1997 JUN-28-1997
<PERIOD-START> JUN-30-1996 JUN-30-1996 JUN-30-1996 JUN-30-1996
<PERIOD-END> SEP-28-1996 DEC-28-1996 MAR-29-1997 JUN-28-1997
<CASH> 228 264 218 247
<SECURITIES> 12 12 12 25
<RECEIVABLES> 2,306 2,203 2,156 2,046
<ALLOWANCES> 227 241 212 205
<INVENTORY> 2,947 2,771 2,830 2,973
<CURRENT-ASSETS> 5,581 5,297 5,305 5,391
<PP&E> 6,203 6,300 6,268 6,204
<DEPRECIATION> 3,074 3,180 3,235 3,125
<TOTAL-ASSETS> 13,511 13,099 12,904 12,953
<CURRENT-LIABILITIES> 5,429 5,020 4,962 5,016
<BONDS> 1,922 1,881 1,943 1,933
0 0 0 0
333 339 339 242
<COMMON> 645 641 640 640
<OTHER-SE> 3,715 3,763 3,599 3,640
<TOTAL-LIABILITY-AND-EQUITY> 13,511 13,099 12,904 12,953
<SALES> 4,886 10,155 14,804 19,734
<TOTAL-REVENUES> 4,886 10,155 14,804 19,734
<CGS> 3,077 6,326 9,218 12,267
<TOTAL-COSTS> 3,077 6,326 9,218 12,267
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 58 92 122 137
<INTEREST-EXPENSE> 43 87 126 159
<INCOME-PRETAX> 303 770 1,072 1,484
<INCOME-TAX> 97 247 343 475
<INCOME-CONTINUING> 206 523 729 1,009
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 206 523 729 1,009
<EPS-PRIMARY> 0.41 1.06 1.48 2.05
<EPS-DILUTED> 0.40 1.02 1.42 1.97
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF INCOME AND CONSOLIDATED BALANCE SHEET AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS YEAR
<FISCAL-YEAR-END> JUN-29-1996 JUN-29-1996 JUN-29-1996 JUN-29-1996
<PERIOD-START> JUL-02-1995 JUL-02-1995 JUL-02-1995 JUL-02-1995
<PERIOD-END> SEP-30-1995 DEC-30-1995 MAR-30-1996 JUN-29-1996
<CASH> 191 223 144 230
<SECURITIES> 31 28 23 13
<RECEIVABLES> 2,097 1,983 2,023 1,925
<ALLOWANCES> 215 222 195 197
<INVENTORY> 2,948 2,865 2,917 2,807
<CURRENT-ASSETS> 5,287 5,084 5,153 5,081
<PP&E> 5,747 5,723 5,757 5,976
<DEPRECIATION> 2,809 2,831 2,848 2,969
<TOTAL-ASSETS> 12,635 12,389 12,548 12,602
<CURRENT-LIABILITIES> 4,913 4,304 4,593 4,642
<BONDS> 1,873 2,068 1,904 1,842
0 0 0 0
330 335 336 338
<COMMON> 645 645 647 646
<OTHER-SE> 3,401 3,554 3,597 3,674
<TOTAL-LIABILITY-AND-EQUITY> 12,635 12,389 12,548 12,602
<SALES> 4,656 9,554 13,997 18,624
<TOTAL-REVENUES> 4,656 9,554 13,997 18,624
<CGS> 2,931 5,951 8,675 11,470
<TOTAL-COSTS> 2,931 5,951 8,675 11,470
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 45 77 97 147
<INTEREST-EXPENSE> 47 93 132 173
<INCOME-PRETAX> 282 711 995 1,378
<INCOME-TAX> 96 242 338 462
<INCOME-CONTINUING> 186 469 657 916
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 186 469 657 916
<EPS-PRIMARY> 0.37 0.95 1.32 1.85
<EPS-DILUTED> 0.36 0.91 1.27 1.78
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONSOLIDATED STATEMENT OF INCOME AND CONSOLIDATED BALANCE SHEET
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-01-1995
<PERIOD-START> JUL-03-1994
<PERIOD-END> JUL-01-1995
<CASH> 167
<SECURITIES> 35
<RECEIVABLES> 1,845
<ALLOWANCES> 192
<INVENTORY> 2,830
<CURRENT-ASSETS> 4,928
<PP&E> 5,683
<DEPRECIATION> 2,719
<TOTAL-ASSETS> 12,431
<CURRENT-LIABILITIES> 4,844
<BONDS> 1,817
0
334
<COMMON> 640
<OTHER-SE> 3,299
<TOTAL-LIABILITY-AND-EQUITY> 12,431
<SALES> 17,719
<TOTAL-REVENUES> 17,719
<CGS> 11,023
<TOTAL-COSTS> 11,023
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 164
<INTEREST-EXPENSE> 185
<INCOME-PRETAX> 1,219
<INCOME-TAX> 415
<INCOME-CONTINUING> 804
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 804
<EPS-PRIMARY> 1.63
<EPS-DILUTED> 1.57
</TABLE>
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