On May 17, PetSmart (NASDAQ:PETM) released Q1 2006 earnings for the period ended April 30.
- 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)
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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, Nathan Parmelee had positions in PetSmart. Fool rules are here.
