On May 17, PetSmart
- Accounts receivable and inventory growth exceed sales growth, a trend to watch.
- Sales grew 12% on 16 new store openings, and there was a 3.7% increase in same-store sales.
- Diluted share count declined 4.8% on share repurchases.
(Figures in thousands except per-share data)
Income Statement Highlights
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change |
|
---|---|---|---|---|
Sales |
$1,000,000 |
$1,011,529 |
$903,150 |
12% |
Net Profit |
-- |
$41,764 |
$44,709 |
(6.6%) |
EPS |
$0.30 |
$0.30 |
$0.30 |
(0.6%) |
Diluted Shares |
141,088 |
148,148 |
(4.8%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2006 |
Q1 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
30.65% |
30.93% |
(0.28) |
Operating Margin |
7.38% |
8.61% |
(1.23) |
Net Margin |
4.13% |
4.95% |
(0.82) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2006 |
Q1 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$345,870 |
$396,312 |
(12.7%) |
Accounts Rec. |
$31,700 |
$19,100 |
66% |
Inventory |
$405,275 |
$345,870 |
17.2% |
Liabilities |
Q1 2006 |
Q1 2005 |
Change |
---|---|---|---|
Accounts Payable |
$167,801 |
$159,535 |
5.2% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not provided by company. (Boo! Hiss!)
Find out why Fools always follow the money.
Related Companies:
-
Petco
(NASDAQ:PETC) -
Target
(NYSE:TGT) -
Tractor Supply Co.
(NASDAQ:TSCO) -
Amazon.com
(NASDAQ:AMZN) -
PetMed
Express
(NASDAQ:PETS)
PetSmart and Amazon.com are Motley Fool Stock Advisor selections. Take the newsletter dedicated to the very best of David and Tom Gardner's selections for a 30-day free spin.
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, Nathan Parmelee had positions in PetSmart. Fool rules are here.