On June 28, Christopher & Banks
- Overall sales rose almost 5%, despite a 4% decline in same-store sales.
- Operating margin and net margins fell by 4 and 2.4 percentage points, respectively.
- Earnings per diluted share are expected to be in the range of $0.11-$0.12 for the second quarter. The management believes that lower per-store receipts coupled with continuous merchandise improvements will help to post stronger performance during the later part of the fiscal year.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q1 2008 |
Q1 2007 |
Change |
|
---|---|---|---|
Sales |
$149.4 |
$142.5 |
4.8% |
Net Profit |
$11.7 |
$14.6 |
(20.1%) |
EPS |
$0.32 |
$0.39 |
(17.9%) |
Diluted Shares |
36.3 |
37.0 |
(2.0%) |
Get back to basics with the income statement.
Margin Checkup
Q1 2008 |
Q1 2007 |
Change* |
|
---|---|---|---|
Gross Margin |
41.8% |
44.9% |
(3.1) |
Operating Margin |
12.1% |
16.1% |
(4.0) |
Net Margin |
7.8% |
10.3% |
(2.4) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2008 |
Q1 2007 |
Change |
---|---|---|---|
Cash + ST Invest. |
$96.6 |
$112.6 |
(14.2%) |
Inventory |
$58.8 |
$42.9 |
37.0% |
Liabilities |
Q1 2008 |
Q1 2007 |
Change |
---|---|---|---|
Accounts Payable |
$13.6 |
$6.4 |
111.7% |
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
The company did not include a cash flow statement in the press release. We'll have to wait for the 10-Q to see the results.
Free cash flow is a Fool's best friend.
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