On Oct. 25, Yankee Candle
- Both sales and earnings beat estimates handily .
- . but that's hardly saying much. Virtually all other metrics were abysmal. Margins were lower across the board, for example. And an earnings-per-share increase of $0.02 was paid for through a buyback of 4 million shares.
- Perhaps that's why Yankee Candle this morning announced it has accepted a private equity buyout worth $34.75 a share, a 21% premium from yesterday's close.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$149,530 |
$159,604 |
$136,500 |
16.9% |
|
Net Profit |
-- |
$14,901 |
$15,391 |
(3.2%) |
|
EPS |
$0.27 |
$0.37 |
$0.35 |
5.7% |
|
Diluted Shares |
-- |
40,085 |
44,223 |
(9.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
54.27% |
55.77% |
(1.50) |
|
Operating Margin |
18.13% |
19.54% |
(1.41) |
|
Net Margin |
9.34% |
11.28% |
(1.94) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$9,756 |
$9,748 |
0.0% |
|
Accounts Rec. |
$67,366 |
$56,056 |
20.2% |
|
Inventory |
$87,404 |
$69,012 |
26.7% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$20,320 |
$29,539 |
(31.2%) |
|
Long-Term Debt |
$241,000 |
$200,000 |
20.5% |
Learn the ways of the balance sheet.
Cash Flow Checkup
Cash flow statement not provided. (What-ever.)
Find out why Fools always follow the money.
Related Companies:
-
Bath & Body Works, owned by Limited Brands
(NYSE:LTD) -
Blyth
(NYSE:BTH) -
Lancaster Colony
(NASDAQ:LANC)
Related Foolishness:
- Watching Yankee Candle slowly burn.
- Look! This company is blue!
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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.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out which stocks he owns by checking Tim's Fool profile. The Motley Fool's disclosure policy always adds up.
