DSW Keeps the Pace: Fool by Numbers
On March 29, footwear retailer DSW (NYSE: DSW) released fourth-quarter earnings for the period ended Feb. 3.
- Revenues increased by 15.9%, helped by an additional week in the fourth quarter of 2006 and a 1% increase in same-store sales on a 13-week basis.
- The company plans to open 30 new DSW stores in fiscal 2007 and estimates same-store sales of 3% to 5%, with diluted earnings per share of $1.63 to $1.68.
- DSW and competitor Payless Shoesource (NYSE: PSS) are both three-star rated stocks in our CAPS community intelligence database. Join now and make your picks.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006
|
Q4 2005
|
Change
|
|
Sales
|
$329.1
|
$283.8
|
15.9%
|
|
Net Profit
|
$16.6
|
$10.0
|
65.4%
|
|
EPS
|
$0.37
|
$0.23
|
60.9%
|
|
Diluted Shares
|
44.3
|
44.1
|
0.4%
|
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006
|
Q4 2005
|
Change*
|
|
Gross Margin
|
27.1%
|
25.9%
|
1.2
|
|
Operating Margin
|
7.5%
|
5.9%
|
1.6
|
|
Net Margin
|
5.1%
|
3.5%
|
1.5
|
*Expressed in percentage points
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets
|
Q4 2006
|
Q4 2005
|
Change
|
|
Cash + ST Invest.
|
$171.9
|
$124.8
|
37.7%
|
|
Accounts Rec.
|
$8.3
|
$4.1
|
102.6%
|
|
Inventory
|
$237.7
|
$216.7
|
9.7%
|
|
Liabilities
|
Q4 2006
|
Q4 2005
|
Change
|
|
Accounts Payable
|
$95.0
|
$85.5
|
11.0%
|
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not include a cash flow statement in its press release. I guess investors will have to walk around with only socks on while they wait for the 10-K.
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.
DocumentId: 524865, ~/articles/articlehandler.aspx, 7/4/2008 5:16:10 PM, No ticker