Time to Watch Movado?: Fool by Numbers
On March 29, Movado Group (NYSE: MOV) released fourth-quarter earnings for the period ended Jan. 31.
- Adjusting for some unusual items, the company's bottom line actually increased by 15%.
- Movado's same-store sales at its retail boutiques fell by 1.8%.
- Movado also announced a 33% increase in its dividend.
- Net sales for fiscal 2008 on a GAAP basis is projected to be $550 million to $560 million.
- The company expects an increase in diluted shares by 2.5% for 2008 and EPS of approximately $1.72 per share.
- Movado has a four-star rating from the Motley Fool CAPS community. Its competitor Signet (NYSE: SIG) doesn't yet have a CAPS rating, but Tiffany (NYSE: TIF) and multiple newsletter pick Blue Nile (Nasdaq: NILE) each have a three-star rating. Join the service for free and make your opinion known!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2007
|
Q4 2006
|
Change
|
|
Sales
|
$142.3
|
$126.1
|
12.8%
|
|
Net Profit
|
$14.0
|
$3.0
|
374.5%
|
|
EPS
|
$0.52
|
$0.11
|
372.7%
|
|
Diluted Shares
|
27.0
|
26.3
|
2.9%
|
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007
|
Q4 2006
|
Change*
|
|
Gross Margin
|
61.1%
|
61.3%
|
(0.2)
|
|
Operating Margin
|
10.6%
|
11.6%
|
(1.0)
|
|
Net Margin
|
9.9%
|
2.4%
|
7.5
|
*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets
|
Q4 2007
|
Q4 2006
|
Change
|
|
Cash + ST Invest.
|
$133.0
|
$123.6
|
7.6%
|
|
Accounts Rec.
|
$111.4
|
$109.9
|
1.4%
|
|
Inventory
|
$193.3
|
$198.6
|
(2.6%)
|
|
Liabilities
|
Q4 2007
|
Q4 2006
|
Change
|
|
Accounts Payable
|
$32.9
|
$33.1
|
(0.7%)
|
|
Long-Term Debt
|
$75.2
|
$105.0
|
(28.4%)
|
The balance sheet reflects the company's health.
Cash Flow Highlights
No cash flow to watch this time.
Free cash flow is a Fool's best friend.
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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.
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