On May 31, Movado Group
- Net sales increased 3.7%, with a 2.6% increase in wholesale segment sales and an 8.8% increase in the retail segment.
- Same-store sales decreased by 1.5%.
- For the full year, the diluted earnings per share are projected to be about $1.72, based on an estimated 25% tax rate.
- Movado is rated four stars by the Motley Fool CAPS community, on par with competitor Tiffany
(NYSE:TIF) , and one star more than Kenneth Cole(NYSE:KCP) . To see what all the fuss is about, join CAPS for free today.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$101.4 |
$97.7 |
3.7% |
Net Profit |
$2.4 |
$2.9 |
(15.9%) |
EPS |
$0.09 |
$0.11 |
(18.2%) |
Diluted Shares |
27.2 |
26.4 |
3.0% |
Get back to basics with the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
60.8% |
61.0% |
(0.2) |
Operating Margin |
2.7% |
3.5% |
(0.8) |
Net Margin |
2.4% |
2.9% |
(0.6) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$101.8 |
$82.6 |
23.3% |
Accounts Rec. |
$105.8 |
$116.5 |
(9.2%) |
Inventory |
$212.1 |
$213.8 |
(0.8%) |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$26.3 |
$26.9 |
(2.4%) |
Long-Term Debt |
$71.5 |
$97.3 |
(26.6%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
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.