On May 3, Whole Foods Market (NASDAQ:WFMI) released Q2 FY 2006 earnings for the period ended April 9.
- Revenue essentially hit the target, but earnings handily beat expectations, reversing a two-quarter trend highlighted here.
- Gross margin varied slightly but has stayed in the same range the last five years.
- Revenue growth is still on target to reach the $12 billion goal set for 2010.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$1,320 |
$1,312 |
$1,085 |
20.9% |
|
Net Profit |
-- |
$52 |
$41 |
27.3% |
|
EPS |
$0.35 |
$0.37 |
$0.31 |
19.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
35.34% |
35.71% |
(0.37) |
|
Op. Margin |
6.28% |
6.09% |
0.18 |
|
Net Margin |
3.95% |
3.75% |
0.20 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash+ ST Invest.* |
$267 |
$298 |
(10.3%) |
|
Inventory |
$198 |
$158 |
25.6% |
|
Accounts Rec. |
$74 |
$61 |
21% |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt* |
$15 |
$91 |
(83.1%) |
|
Accounts Pay. |
$117 |
$102 |
14.6% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2006 |
Q2 2005 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$128 |
$128 |
0.0% |
|
Capital Expend.* |
$54 |
$74 |
(27%) |
|
Free Cash Flow |
$73 |
$54 |
35.2% |
Find out why Fools always follow the money.
Related companies:
- Wild Oats Market (NASDAQ:OATS)
- Kroger (NYSE:KR)
- Safeway (NYSE:SWY)
- Albertsons (NYSE:ABS)
Related Foolishness:
- Predicting the numbers.
- Whole Foods and wind energy.
- Dueling star.
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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.
At the time of publication, Fool contributor Jim Mueller had no position in any company mentioned. Fool rules are here.
