On June 19, Circuit City
- Sales and earnings per share came in above analyst estimates; earnings from continuing operations were $0.03 per share.
- Same-store sales increased 14.6%
- Gross margin decline should be monitored for further weakness.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|---|
|
Sales |
$2,470 |
$2,617 |
$2,228 |
17.4% |
|
Net Profit |
-- |
$6 |
($13) |
N/A |
|
EPS |
$0.01 |
$0.04 |
($0.07) |
N/A |
|
Diluted Shares |
176,256 |
184,729 |
(4.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.47% |
25.04% |
(0.57) |
|
Operating Margin |
0.04% |
(1.13%) |
1.17 |
|
Net Margin |
0.24% |
(0.59%) |
0.83 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q1 2007 | Q1 2006 | Change |
|---|---|---|---|
Cash + ST Invest. | $634 | $817 | (22.4%) |
Accounts Rec. | $212 | $200 | 6% |
Inventory | $1,931 | $1,674 | 15.4% |
Liabilities | Q1 2007 | Q1 2006 | Change |
|---|---|---|---|
Accounts Payable | $996 | $836 | 19% |
Long-Term Debt | $50 | $21 | 143.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not provide this information.
Find out why Fools always follow the money.
Related Companies:
- Best Buy
(NYSE:BBY) - Radio Shack
(NYSE:RSH) - Costco
(NASDAQ:COST) - Tweeter
(NASDAQ:TWTR) - Conns
(NASDAQ:CONN)
Related Foolishness:
- Will Circuit City Burn Out?
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: The Income Statement
- Foolish Fundamentals: The Cash Flow Statement
Best Buy and Costco are Motley Fool Stock Advisor selections. You can try out Tom and David Gardner's market-beating newsletter free for 30 days.
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 checkFool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication,Nathan Parmeleeshares in Costco but had no positions in any of the other companies mentioned. Fool rules arehere.
