On May 24, women's apparel retailer Ann Taylor Stores
- The quarter saw a sales increase of 4.3%, backed by the "expansion of the company's store base and continued growth of the company's factory and Internet businesses."
- That's good, because same-store sales came in at just 3.3%, compared to a 5.6% increase last year.
- During the current quarter, the company repurchased approximately 4.2 million shares of its common stock, worth about $163 million.
- The company reaffirmed its outlook for diluted earnings per share for fiscal 2007 in the range of $2.15 to $2.25.
- Ann Taylor has a three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$580.2 |
$556.2 |
4.3% |
|
Net Profit |
$31.5 |
$39.0 |
(19.3%) |
|
EPS |
$0.46 |
$0.53 |
(13.2%) |
|
Diluted Shares |
68.4 |
73.0 |
(6.3%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
53.6% |
56.7% |
(3.1) |
|
Operating Margin |
8.5% |
11.4% |
(2.9) |
|
Net Margin |
5.4% |
7.0% |
(1.6) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$174.3 |
$378.9 |
(54.0%) |
|
Accounts Rec. |
$31.1 |
$28.2 |
10.3% |
|
Inventory |
$281.3 |
$241.4 |
16.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$103.2 |
$86.7 |
19.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Management must have misplaced the cash flow statement upstairs in the LOFT. They'll find it for the 10-Q.
Free cash flow is a Fool's best friend.
Related Foolishness:
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