On June 27, Bed Bath & Beyond
- Despite operating in a battered retail market, the company managed to increase sales by 11.3%, and boosted same-store sales by 1.6%.
- The company repurchased approximately 7 million shares of its common stock during the quarter.
- Bed Bath & Beyond entered international markets by executing a lease for its first store in Ontario.
- Though the slumped housing market is slowing sales, management is positioning itself to remain competitive in the long run.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,553.3 |
$1,396.0 |
11.3% |
|
Net Profit |
$104.6 |
$100.4 |
4.2% |
|
EPS |
$0.38 |
$0.35 |
8.6% |
|
Diluted Shares |
278.2 |
285.2 |
(2.4%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
41.6% |
42.3% |
(0.7) |
|
Operating Margin |
9.9% |
10.7% |
(0.7) |
|
Net Margin |
6.7% |
7.2% |
(0.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$695.2 |
$642.3 |
8.2% |
|
Inventory |
$1,558.5 |
$1,391.0 |
12.0% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$609.0 |
$551.2 |
10.5% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$117.6 |
$82.0 |
43.4% |
|
Capital Expenditures |
$76.5 |
$78.7 |
(2.8%) |
|
Free Cash Flow |
$41.1 |
$3.3 |
1137.1% |
Free cash flow is a Fool's best friend.
Related Foolishness:
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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.
