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Motley Fool Contributors
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June 28, 2007
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On June 27, Bed Bath & Beyond (Nasdaq: BBBY ) released first-quarter earnings for the period ended June 2.
- 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
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Q1 2007
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Q1 2006
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Change
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Sales
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$1,553.3
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$1,396.0
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11.3%
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Net Profit
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$104.6
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$100.4
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4.2%
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EPS
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$0.38
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$0.35
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8.6%
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Diluted Shares
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278.2
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285.2
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(2.4%)
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Get back to basics with the income statement.
Margin Checkup
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Q1 2007
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Q1 2006
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Change*
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Gross Margin
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41.6%
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42.3%
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(0.7)
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Operating Margin
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9.9%
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10.7%
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(0.7)
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Net Margin
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6.7%
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7.2%
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(0.5)
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*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
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Assets
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Q1 2007
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Q1 2006
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Change
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Cash + ST Invest.
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$695.2
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$642.3
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8.2%
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Inventory
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$1,558.5
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$1,391.0
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12.0%
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Liabilities
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Q1 2007
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Q1 2006
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Change
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Accounts Payable
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$609.0
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$551.2
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10.5%
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Long-Term Debt
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$0.0
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$0.0
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N/A
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The balance sheet reflects the company's health.
Cash Flow Highlights
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Q1 2007
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Q1 2006
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Change
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Cash From Ops.
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$117.6
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$82.0
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43.4%
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Capital Expenditures
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$76.5
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$78.7
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(2.8%)
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Free Cash Flow
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$41.1
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$3.3
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1137.1%
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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.
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