AC Moore's Arts & Crafts: Fool by Numbers

On Oct. 20, AC Moore (Nasdaq: ACMR) released Q3 earnings for the period ended Sept. 30.

• Revenues missed analyst estimates by 2.3%, while EPS missed analyst estimates by $0.08.
• Revenues increased 12%, thanks to a same-store sales increase of 2%.
• The decline in EPS was a result of increase in SG&A and a one-time cost due to change in management.
• Long-term debt declined by 10.3%.

(Figures in millions, except per-share data)

Income Statement Highlights

	Avg. Est.	Q3 2006	Q3 2005	Change
Sales	$132	$129	$115	12%
Net Profit	--	($3)	($2)	N/A
EPS	($0.05)	($0.13)	($0.10)	N/A
Diluted Shares	--	20	20	0.5%

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

Margin Checkup

	Q3 2006	Q3 2005	Change*
Gross Margin	41.09%	40.57%	0.52
Operating Margin	(3.25%)	(2.54%)	(0.71)
Net Margin	(2.05%)	(1.65%)	(0.40)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q3 2006	Q3 2005	Change
Cash + ST Invest.	$22	$28	(21.3%)
Inventory	$174	$167	4%

Liabilities	Q3 2006	Q3 2005	Change
Accounts Payable	$38	$45	(16%)
Long-Term Debt	$22	$25	(10.3%)

Learn the ways of the balance sheet.

Cash Flow Highlights

No cash flow statement in the release? Why don't you just stop selling arts and crafts while you're at it?

Find out why Fools always follow the money.

Related Companies:

• Jo-Ann Stores (NYSE: JAS)
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• Barnes & Noble (NYSE: BKS)

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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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.