On May 31, Sears Holdings
- Sales declined 2.5% because of lower same-store sales, which were partially offset by sales increases at Lands' End and the company's home services businesses.
- Earnings per share increased almost 23%, but the company pointed out many one-time-type benefits that helped. Adjusting for those items, EPS fell $0.01 to $1.10.
- Motley Fool CAPS players give Sears Holdings and Target
(NYSE:TGT) four-star ratings, but only two stars to Inside Value recommendation Wal-Mart(NYSE:WMT) . To see what these ratings mean, come join us in CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$11,702 |
$11,998 |
(2.5%) |
|
Net Profit |
$216 |
$180 |
20.0% |
|
EPS |
$1.40 |
$1.14 |
22.8% |
|
Diluted Shares |
153.9 |
158.0 |
(2.6%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
28.1% |
27.8% |
0.3 |
|
Operating Margin |
3.4% |
2.8% |
0.6 |
|
Net Margin |
1.8% |
1.5% |
0.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3,413 |
$3,182 |
7.3% |
|
Accounts Rec. |
$814 |
$811 |
0.4% |
|
Inventory |
$10,323 |
$9,581 |
7.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,536 |
$3,634 |
(2.7%) |
|
Long-Term Debt |
$2,669 |
$3,510 |
(24.0%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
We'll have to wait for the 10-Q for the cash flow statement. We don't like waiting.
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.
