On May 18, 2006, Cost Plus
- Margins declined because of lower-than-expected sales, increased sales of consumable goods, and higher markdowns on furniture and textiles.
- Inventory balances remain high; they improved year over year.
- Long-term debt increased 14.8%, but the press release also shows a decline in short-term borrowings. Overall, the change is slightly positive.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$217,200 |
$212,964 |
$200,023 |
6.5% |
|
Net Profit |
-- |
($4,792) |
($138) |
N/A |
|
EPS |
($0.16) |
($0.22) |
($0.01) |
N/A |
|
Diluted Shares |
22,062 |
21,914 |
0.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
29.73% |
33.36% |
(3.63) |
|
Operating Margin |
(3.25%) |
0.25% |
(3.5) |
|
Net Margin |
(2.25%) |
(0.07%) |
(2.18) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$15,330 |
$3,759 |
307.8% |
|
Other Current Assets |
$25,043 |
$14,498 |
72.7% |
|
Inventory |
$251,092 |
$268,492 |
(6.5%) |
|
Liabilities |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$45,474 |
$50,377 |
(9.7%) |
|
Long-Term Debt |
$62,144 |
$54,121 |
14.8% |
Cash Flow Highlights
Not provided by the company.
Find out why Fools always follow the money.
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Related Foolishness:
- Cost Plus Still a Negative
- Foolish Fundamentals: Margins
- Foolish Fundamentals: The Income Statement
- Timberland's Stuck in the Mud
Bed Bath and Beyond is a Motley Fool Stock Advisor recommendation. Take the newsletter dedicated to the stocks at the very top of David and Tom Gardner's list for a 30-day free trial.
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 Kenneth Cole Productions. Fool rules are here.
