After the market closed on Thursday, March 1, department store retailer Kohl's
- Total sales grew 17% as same-store sales improved 4.1%. Strength was attributed to exclusive and private-label brand sales. J.C. Penney
(NYSE:JCP) also reported better top-line results recently due to private-label merchandise penetration. - Diluted earnings grew 37%, due in part to higher gross margins from better inventory management.
- Management is projecting full-year 2007 sales growth of 9% to 11% and diluted earnings of $3.68 to $3.84 per share, or year-over-year growth of about 14%.
- Kohl's and some other department store chains, such as Nordstrom
(NYSE:JWN) , J.C. Penney, and Federated(NYSE:FD) , have earned a three-star rating in the Motley Fool CAPS intelligence database. Tell us what you think about these companies and more.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$5,431 |
$4,652 |
16.7% |
|
Net Profit |
$485 |
$375 |
29.3% |
|
EPS |
$1.48 |
$1.08 |
37.0% |
|
Diluted Shares |
328 |
347 |
(5.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35.3% |
33.9% |
1.4 |
|
Operating Margin |
14.5% |
13.4% |
1.1 |
|
Net Margin |
8.9% |
8.1% |
0.8 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$620 |
$287 |
116.2% |
|
Accounts Rec. |
$0 |
$1,652 |
n/a |
|
Inventory |
$2,588 |
$2,238 |
15.7% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$934 |
$830 |
12.6% |
|
Long-Term Debt |
$1,040 |
$1,046 |
(0.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$3,099 |
$882 |
251.4% |
|
Capital Expenditures |
$1,142 |
$828 |
37.9% |
|
Free Cash Flow |
$1,957 |
$54 |
n/a |
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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.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
