On April 19, Tempur-Pedic
- Revenue rose by 16.4% to $226 million, driven by growth across all sectors, as well as strong domestic and international retail sales of 20% and 19%, respectively.
- The company will launch its SymphonyBed line next quarter after delaying the original launch date because of capacity constraints in U.S. stores.
- Tempur-Pedic's renewed focus on pillows has produced some fluffy results, with sales improving over 22% year over year. With the company identifying several opportunities to increase pillow sales, it may use sales in this area to drive continued growth.
- Tempur-Pedic is a three-star stock in Motley Fool CAPS, our free interactive stock database. Our CAPS community counts four sheep for Select Comfort
(NASDAQ:SCSS) while they hit the snooze button on Sealy(NYSE:ZZ) with a one-star ranking.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$266.0 |
$228.6 |
16.4% |
|
Net Profit |
$29.8 |
$26.9 |
10.7% |
|
EPS |
$0.35 |
$0.29 |
20.7% |
|
Diluted Shares |
85.8 |
93.1 |
(7.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
48.0% |
48.7% |
(0.7) |
|
Operating Margin |
20.2% |
20.6% |
(0.4) |
|
Net Margin |
11.2% |
11.8% |
(0.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$16.8 |
$13.2 |
27.3% |
|
Accounts Rec. |
$146.2 |
$122.6 |
19.2% |
|
Inventory |
$74.3 |
$78.2 |
(5.1%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$60.2 |
$37.1 |
62.5% |
|
Long-Term Debt |
$349.9 |
$371.8 |
(5.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2007 |
2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$28.6 |
$51.6 |
(44.6%) |
|
Capital Expenditures |
$2.4 |
$9.3 |
(73.8%) |
|
Free Cash Flow |
$26.1 |
$42.3 |
(38.2%) |
Related Foolishness:
- Tempur-Pedic's Comfy Quarter
- Tempur-Pedic Lays 2006 to Rest: Fool by Numbers
- The Best Small Cap for 2007: Tempur-Pedic
Select Comfort is a Hidden Gems recommendation. A free 30-day trial will have your portfolio resting easy.
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