On May 16, Fossil (NASDAQ:FOSL) released Q1 2006 earnings for the period ended April 8.
- Sales growth of 13.6% was aided by an extra week in this year's first quarter. Without the extra week, sales growth was 6.8%.
- Margins continue to decline.
- Forward guidance from the company was better than investors and analysts had expected.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$244,010 |
$264,225 |
$232,510 |
13.6% |
|
Net Profit |
-- |
$9,716 |
$23,894 |
(59.3%) |
|
EPS |
$0.12 |
$0.14 |
$0.32 |
(56.3%) |
|
Diluted Shares |
69,060 |
74,454 |
(7.2%) |
Get back to basics with a look at the income statement.
Margin Checkup|
Q1 2006 |
Q1 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
50.34% |
52.11% |
(1.77) |
|
Operating Margin |
6.43% |
10.54% |
(4.11) |
|
Net Margin |
3.68% |
10.28% |
(6.60) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$68,012 |
$149,110 |
(54.4%) |
|
Accounts Rec. |
$122,828 |
$130,309 |
(5.7%) |
|
Inventory |
$253,986 |
$195,623 |
29.8% |
|
Liabilities |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
N/A |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Fossil provided no cash flow results. (Bummer.)
Find out why Fools always follow the money.
Related Companies:
- Guess (NYSE:GES)
- Movado Group (NYSE:MOV)
- Federated Department Stores (NYSE:FD)
- Dillard's (NYSE:DDS)
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At the time of publication, Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.
