Circuit City Plugs In: Fool by Numbers

On June 19, Circuit City (NYSE: CC  ) released annual earnings for the period ended May 31.

• Sales and earnings per share came in above analyst estimates; earnings from continuing operations were $0.03 per share.
• Same-store sales increased 14.6%
• Gross margin decline should be monitored for further weakness.

(Figures in millions, except per-share data)

Income Statement Highlights

	Avg. Est.	Q1 2007	Q1 2006	Change
Sales	$2,470	$2,617	$2,228	17.4%
Net Profit	--	$6	($13)	N/A
EPS	$0.01	$0.04	($0.07)	N/A
Diluted Shares		176,256	184,729	(4.6%)

Get back to basics with a look at the income statement.

Checkup

	Q1 2007	Q1 2006	Change*
Gross Margin	24.47%	25.04%	(0.57)
Operating Margin	0.04%	(1.13%)	1.17
Net Margin	0.24%	(0.59%)	0.83

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$634	$817	(22.4%)
Accounts Rec.	$212	$200	6%
Inventory	$1,931	$1,674	15.4%

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	$996	$836	19%
Long-Term Debt	$50	$21	143.9%

Learn the ways of the balance sheet.

Cash Flow Highlights

The company did not provide this information.

Find out why Fools always follow the money.

Related Companies:

• Best Buy (NYSE: BBY  )
• Radio Shack (NYSE: RSH  )
• Costco (Nasdaq: COST  )
• Tweeter (Nasdaq: TWTR  )
• Conns (Nasdaq: CONN  )

Related Foolishness:

• Will Circuit City Burn Out?
• Foolish Fundamentals: Margins
• Foolish Fundamentals: Free Cash Flow
• Foolish Fundamentals: The Income Statement
• Foolish Fundamentals: The Cash Flow Statement

Best Buy and Costco are Motley Fool Advisor selections. You can try out Tom and David Gardner's market-beating newsletter free for 30 days.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication,Nathan Parmeleeshares in Costco but had no positions in any of the other companies mentioned. Fool rules arehere.