On September 19, 2006, after the closing bell, Christopher & Banks (NYSE:CBK) released its second-quarter earnings for the period ended August 26, 2006.
- Margins improved across the board, but it was nice to see a small gross margin increase get big as it moved down the income statement.
- Both sales and stores grew faster than inventory, a sign that operations are working well and the company carries things customers want to buy.
- I would have loved to see how this good working capital management affected cash flows, but I guess I'll have to wait for the 10-Q. Bummer!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|---|
|
Sales |
$129 |
$131.6 |
$110.8 |
18.8% |
|
Net Profit |
-- |
$7.9 |
$5.7 |
38.8% |
|
EPS |
$0.20 |
$0.21 |
$0.16 |
31.3% |
|
Diluted Shares |
38 |
36.2 |
4.9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
40.1% |
39.7% |
0.39 |
|
Operating Margin |
8.8% |
8% |
0.86 |
|
Net Margin |
6% |
5.1% |
0.87 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$126.7 |
$62.7 |
101.9% |
|
Other Current Assets |
$17.5 |
$12.1 |
44.6% |
|
Inventory |
$44.4 |
$40.6 |
9.5% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$10.8 |
$8.7 |
23.7% |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
It's a fashion faux-pas to not include a cash flow statement in the earnings release. For shame.
Find out why Fools always follow the money.
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Related Foolishness:
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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 check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, David Meier did not own shares in any of the companies mentioned. Fool rules for disclosure are here.
