On March 23, Family Dollar (NYSE:FDO ) released Q2 2006 earnings for the period ended Feb. 25, 2006.

  • Revenues rose 9.4% on a same-store sales increase of 3.2%.
  • Earnings of $0.35 per share include a $0.18-per-share charge for a legal settlement. Without the charge, the earnings beat estimates by $0.05.
  • Full-year guidance came out to $1.37 to $1.42 per share, excluding the litigation charge.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

Q2 2006

Q2 2005

% Change

Sales

$1,740,000

$1,735,683

$1,586,754

9.4

Net Profit

--

$54,529

$80,073

(31.9)

EPS

$0.30*

$0.35

$0.48

(27.1)

*Average estimate adjusted to reflect $0.18-per-share litigation charge.

EPS Without Litigation Charge

Avg. Est.

Q2 2006

Q2 2005

% Change

EPS

$0.48

$0.53

$0.48

10.4



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

Margin Checkup

Q2 2006

Q2 2005

Change

Gross Margin

32.87%

32.83%

0.04

Op. Margin

5.03%

7.90%

(2.87)

Net Margin

3.14%

5.05%

(1.90)



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q2 2006

Q2 2005

% Change

Cash + ST Invest.

$330,817

$283,120

16.8

Inventory

$1,016,511

$954,018

6.6

Accounts Rec.

No Data

No Data

No Data



Liabilities

Q2 2006

Q2 2005

% Change

Long-Term Debt

$250,000

--

N/A

Acc. Payable & Accrued Liabilities

$948,917

$807,115

17.6



Cash Flow Highlights
A cash flow statement was not provided. (For shame!)

Find out why Fools always follow the money.

Related Companies:

  • Wal-Mart (NYSE:WMT)
  • Dollar Tree (NASDAQ:DLTR)
  • Dollar General (NYSE:DG)
  • 99 Cents Only (NYSE:NDN)
  • Target (NYSE:TGT)

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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 checkFool.comfor more of our in-depth discussion of what the numbers mean.

At the time of publication, Seth Jayson had no positions in any company mentioned. Fool rules are here.