On Sept. 7, Jos. A. Bank
- Sales and earnings exceeded analyst estimates.
- Gross, operating, and net margins improved.
- Inventory growth was below sales growth, but overall operating cash flow and, in turn, free cash flow worsened compared to last year.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|---|
Sales |
$115,720 |
$119,098 |
$98,588 |
20.8% |
Net Profit |
-- |
$6,973 |
$5,339 |
30.6% |
EPS |
$0.35 |
$0.38 |
$0.30 |
26.7% |
Diluted Shares |
18,339 |
18,001 |
1.9% |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2006 |
Q2 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
62.38% |
62.05% |
0.33 |
Operating Margin |
10.33% |
9.53% |
0.80 |
Net Margin |
5.85% |
5.42% |
0.43 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$1,325 |
$1,072 |
23.6% |
Accounts Rec. |
$7,372 |
$5,453 |
35.2% |
Inventory |
$192,471 |
$172,254 |
11.7% |
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Accounts Payable |
$40,165 |
$57,694 |
(30.4%) |
Long-Term Debt |
$5,679 |
$18,467 |
(69.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
($6,054) |
($1,619) |
N/A |
Capital Expenditures |
($12,899) |
($11,880) |
N/A |
Free Cash Flow |
($18,953) |
($13,499) |
N/A |
Find out why Fools always follow the money.
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Related Foolishness:
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At the time of publication, Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.