On March 26, Hastings Entertainment
- Declining margins in music, sidelines, and video games dragged down gross margins.
- Asset impairment charges, severance agreement expenses, and high occupancy and store supply costs caused a downfall in the operating margin.
- For more analysis on Hastings' fourth quarter, see Rick Munarriz's Foolish take.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$174.2 |
$171.5 |
1.6% |
|
Net Profit |
$5.1 |
$7.0 |
(26.9%) |
|
EPS |
$0.45 |
$0.61 |
(26.2%) |
|
Diluted Shares |
11.3 |
11.6 |
(2.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
32.5% |
34.4% |
(1.9) |
|
Operating Margin |
5.4% |
7.5% |
(2.1) |
|
Net Margin |
2.9% |
4.1% |
(1.1) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3.8 |
$3.6 |
6.1% |
|
Accounts Rec. |
No Data |
No Data |
No Data |
|
Inventory |
$167.3 |
$165.0 |
1.4% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$76.5 |
$89.0 |
(14.0%) |
|
Long-Term Debt |
$41.9 |
$28.1 |
49.4% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Cash flow data is not available.
Free cash flow is a Fool's best friend.
Related Foolishness:
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.
