On May 24, Buckle (NYSE:BKE) released first-quarter earnings for the period ended May 5.

  • Sales increased by 10.5%, primarily because of a 6.4% boost in comparable store sales.
  • Buckle opened two new stores during the quarter, increasing total stores to 355 in 38 states.
  • Buckle has earned three out of five stars in our Motley Fool CAPS stock-rating database. Join now and tell us if you think Buckle will outperform or underperform the S&P 500.

(Figures in millions, except per-share data.)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$121.1

$109.6

10.5%

Net Profit

$12.2

$9.4

30.4%

EPS

$0.40

$0.31

29.0%

Diluted Shares

30.7

30.0

2.2%

Get back to basics with the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

37.6%

35.6%

2.0

Operating Margin

14.1%

12.1%

2.0

Net Margin

10.1%

8.5%

1.5

*Expressed in percentage points

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$162.0

$157.6

2.8%

Accounts Rec.

$3.4

$3.4

2.0%

Inventory

$70.3

$67.4

4.3%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$19.5

$16.7

17.2%

The balance sheet reflects the company's health.

Cash Flow Highlights

Without a buckle, a belt doesn't work very well. And without a cash flow statement, neither do the financial statements.

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.