On May 3, outdoor sporting goods retailer Cabela's (NYSE:CAB) released earnings for the first quarter ended March 31.
- Revenue increased 14%, with strong growth in the retail and financial services segments and marginal growth in the direct business. Same-store sales decreased 0.9%.
- Profits for the quarter declined 21% because of high depreciation expenses, higher interest expense, and increased pre-opening costs at one store.
- The Motley Fool Hidden Gems recommendation has a four-star rating in CAPS. Competitor Dick's Sporting Goods (NYSE:DKS) is rated two stars and Gander Mountain (NASDAQ:GMTN) gets one star.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$462.1 |
$404.8 |
14.2% |
|
Net Profit |
$7.1 |
$9.1 |
(21.4%) |
|
EPS |
$0.11 |
$0.14 |
(21.4%) |
|
Diluted Shares |
67.1 |
66.4 |
1.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
39.8% |
40.2% |
(0.3) |
|
Operating Margin |
2.7% |
3.5% |
(0.8) |
|
Net Margin |
1.6% |
2.2% |
(0.7) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$52.0 |
$96.7 |
(46.2%) |
|
Accounts Rec. |
$36.5 |
$35.0 |
4.4% |
|
Inventory |
$505.3 |
$418.4 |
20.8% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$221.2 |
$122.5 |
80.5% |
|
Long-Term Liabilities |
$413.0 |
$393.4 |
5.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Check back when the 10-Q comes out to find out how the cash flows changed.
Free cash flow is a Fool's best friend.
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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.
