On May 24, Petco (NASDAQ:PETC) released Q1 2006 earnings for the period ended April 29, 2006.
- Sales and earnings per share matched analyst estimates.
- Petco's forward guidance for the second quarter is $0.23 to $0.25 per share, well below the $0.30 analysts had forecasted.
- Margins decreased on increased costs and stock compensation expense.
(Figures in thousands except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$521,320 |
$520,992 |
$479,594 |
8.6% |
|
Net Profit |
-- |
$11,028 |
$17,239 |
(36.0%) |
|
EPS |
$0.18 |
$0.19 |
$0.29 |
(35.3%) |
|
Diluted Shares |
58,065 |
58,713 |
(1.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
32.41% |
33.79% |
(1.38) |
|
Operating Margin |
4.11% |
7.22% |
(3.11) |
|
Net Margin |
2.12% |
3.59% |
(1.48) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$33,201 |
$43,609 |
(23.9%) |
|
Accounts Rec. |
$17,721 |
$17,217 |
2.9% |
|
Inventory |
$186,774 |
$171,564 |
8.9% |
|
Liabilities |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$91,618 |
$91,888 |
(0.3%) |
|
Long-Term Debt |
$169,267 |
$259,015 |
(34.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not provided by company.
Find out why Fools always follow the money.
Related Companies:
- PetSmart (NASDAQ:PETC)
- Target (NYSE:TGT)
- Tractor Supply Co (NASDAQ:TSCO)
- Amazon.com (NASDAQ:AMZN)
- PetMed Express (NASDAQ:PETS)
Related Foolishness:
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- Foolish Fundamentals: Valuation
- Foolish Fundamentals: Return on Invested Capital
- Foolish Fundamentals: GAAP
- Foolish Fundamentals: Cash Conversion Cycle
- Foolish Fundamentals: The Income Statement
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- Foolish Fundamentals: The Cash Flow Statement
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At the time of publication, Nathan Parmelee had positions in PetSmart. Fool rules are here.
