By
Tim Beyers
|
More Articles
November 16, 2006
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On Thursday, Motley Fool Hidden Gems pick New York & Co. (NYSE: NWY ) released Q3 2006 earnings for the period ended Oct. 28.
- Sales didn't quite meet expectations, but per-share earnings easily beat estimates, up more than 130% over last year's Q3. Meanwhile, same-store sales advanced 0.5% versus a 3.1% decline during the same period a year ago.
- Margins, too, improved across the board. Executives credited the gains to better sell-through and tight inventory and expense management.
- More good times may be ahead because the company raised full-year guidance. Executives now expect New York & Co. to earn $0.74 to $0.83 a stub on $1.20 billion to $1.22 billion in sales, up from earlier estimates of $0.70 to $0.82 a share on $1.19 billion to $1.21 billion in revenue.
(Figures in thousands, except per-share data)
Income Statement Highlights
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Q3 2006
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Q3 2005
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Change
|
|
Sales
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$270,922
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$254,388
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6.5%
|
|
Net Profit
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$9,593
|
$4,154
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130.9%
|
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EPS
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$0.16
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$0.07
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128.6%
|
|
Diluted Shares
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59,963
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57,675
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4.0%
|
Get back to basics with a look at the income statement.
Margin Checkup
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Q3 2006
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Q3 2005
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Change*
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Gross Margin
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33.2%
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29.3%
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3.9
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Operating Margin
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6.1%
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3.4%
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2.7
|
|
Net Margin
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3.5%
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1.6%
|
1.9
|
*Expressed in percentage points
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
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Assets
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Q3 2006
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Q3 2005
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Change
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Cash + ST Invest.
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$23,732
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$30,027
|
(21.0%)
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|
Accounts Rec.
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$0
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$0
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N/A
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Inventory
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$150,379
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$136,772
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9.9%
|
|
Liabilities
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Q3 2006
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Q3 2005
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Change
|
|
Accounts Payable
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$96,219
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$84,762
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13.5%
|
|
Long-Term Debt
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$33,000
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$75,000
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(56.0%)
|
Learn the ways of the balance sheet.
Cash Flow Highlights
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Q3 2006*
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Q3 2005*
|
Change
|
|
Cash From Ops.
|
$26,419
|
$31,187
|
(15.3%)
|
|
Capital Expenditures
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$66,084
|
$68,566
|
(3.6%)
|
|
Free Cash Flow
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($39,665)
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($37,379)
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N/A
|
*Through the first nine months of 2006
Find out why Fools always follow the money.
Related Companies:
- AnnTaylor (NYSE: ANN )
- Coldwater Creek (Nasdaq: CWTR )
- Gap (NYSE: GPS )
- J. Crew (NYSE: JCG )
- Limited Brands (NYSE: LTD )
Related Foolishness:
New York & Co. is one of dozens of recommendations in the Motley Fool Hidden Gems portfolio. Here's a backstage peek at the stocks that are helping Tom Gardner and Bill Mann top the S&P index by more than 26% as of this writing.
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 checkFool.comfor more of our in-depth discussion of what the numbers mean.
Fool contributor Tim Beyers, ranked 1,787 out of 13,035 inMotley Fool CAPS, owns shares of New York & Co. You can find out which other stocks he owns by checking Tim's Fool profile. Gap is a selection of both the Stock Advisor and Inside Value services. The Motley Fool's disclosure policy always adds up.
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