On May 24, Casual Male Retail Group
- Sales in all channels improved, leading to an 8.2% increase in revenue and a 6.2% rise in comps.
- Gross margins improved as a result of increasing the private label business and higher initial markups.
- Excluding the sale of the company's loss prevention business, LP Innovations Inc., for a gain of $1.4 million in 2006, earnings per share rose from an adjusted $0.02 to $0.03.
- Both Casual Male and competitor Men's Wearhouse
(NYSE:MW) earn three out of five stars in the online Motley Fool CAPS investment community.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$111.3 |
$102.9 |
8.2% |
Net Profit |
$1.1 |
$1.4 |
(19%) |
EPS |
$0.03 |
$0.04 |
(25%) |
Diluted Shares |
44.4 |
37.1 |
19.6% |
Get back to basics with the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
45.8% |
43.8% |
2.0 |
Operating Margin |
2.3% |
2.3% |
(0.1) |
Net Margin |
1% |
1.4% |
(0.3) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$6.7 |
$8.8 |
(24.1%) |
Inventory |
$122.7 |
$103.3 |
18.8% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$55.9 |
$56.0 |
(0.3%) |
The balance sheet reflects the company's health.
Cash Flow HighlightsThe cash flow statement is at the tailor getting altered.
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