Don't Be Hasty With Hastings!: Fool by Numbers (HAST)

Don't Be Hasty With Hastings!: Fool by Numbers

By Motley Fool Contributors | More Articles
November 21, 2006 | Comments (0)

On Nov. 20, Hastings Entertainment (Nasdaq: HAST ) released third-quarter earnings for the period ended Oct. 31.

The company's strongest segments were videos for sale and video games, with both achieving double-digit comparable same-store sales growth.
The decrease in gross margins was due largely to an increase in markdowns and higher shrinkage.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q3 2006	Q3 2005	Change
Sales	$119.6	$114.6	4.4%
Net Profit	($2.2)	($2.7)	N/A
EPS	($0.20)	($0.24)	N/A
Diluted Shares	11.2	11.4	(1.7%)

Get back to basics with a look at the income statement.

Margin Checkup

	Q3 2006	Q3 2005	Change*
Gross Margin	34.9%	35.8%	(0.9)
Operating Margin	(2.3%)	(3.3%)	1.0
Net Margin	(1.8%)	(2.4%)	0.5

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q3 2006	Q3 2005	Change
Cash + ST Invest.	$3.1	$5.5	(43.9%)
Inventory	$186.3	$164.4	13.3%

Liabilities	Q3 2006	Q3 2005	Change
Accounts Payable	$87.4	$84.5	3.4%
Long-Term Debt	$59.7	$52.0	14.8%

Learn the ways of the balance sheet.

Cash Flow Highlights

Make cash, not haste!

Find out why Fools always follow the money.

Related Companies:

Movie Gallery (Nasdaq: MOVI )
Lenox Group (NYSE: LNX )
Trans World Entertainment (Nasdaq: TWMC )

Related Foolishness:

Small caps. Large caps. Fool CAPS! The Motley Fool's new investor-intelligence community rates thousands of stocks to help you improve your own stock selections. Join today for a fun new way to research stocks!

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.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.