On Sept. 20, 2006, Stock Advisor selection and home furnishings retailer Bed Bath & Beyond
- Accounting to stock expenses this quarter kicked up operating expenses and knocked EPS down by $0.03. A 5.5% reduction is nothing to sneeze at.
- Increases in investments, both working capital and capital expenditures, reduced free cash flow creation for this quarter. As a rule, quarterly cash flow numbers tend to be lumpy.
- The company announced a voluntary audit of its stock option grants and procedures. Stay tuned, because the company expects the report to be out in October.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|---|
Sales |
$1,600 |
$1,607.2 |
$1,431.2 |
12.3% |
Net Profit |
-- |
$145.5 |
$141.4 |
2.9% |
EPS |
$0.51 |
$0.51 |
$0.47 |
8.5% |
Diluted Shares |
284.7 |
301.4 |
(5.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2006 |
Q2 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
42.20% |
42.05% |
0.15 |
Operating Margin |
13.66% |
15.22% |
(1.56) |
Net Margin |
9.05% |
9.88% |
(0.83) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$817.3 |
$999.9 |
(18.3%) |
Other Current Assets |
$143.9 |
$114.2 |
26% |
Inventory |
$1,421.9 |
$1,238.9 |
14.8% |
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Accounts Payable |
$592.2 |
$503.1 |
17.7% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$233.7 |
$246.7 |
(5.3%) |
Capital Expenditures |
$135.8 |
$88.3 |
53.8% |
Free Cash Flow |
$97.9 |
$158.4 |
(38.2%) |
Find out why Fools always follow the money.
Related Companies:
-
Williams-Sonoma
(NYSE:WSM) -
Pier 1
(NYSE:PIR) -
CostPlus
(NASDAQ:CPWM) -
Target
(NYSE:TGT) -
Kirkland's
(NASDAQ:KIRK)
Related Foolishness:
- Folly Volley: Bed Bath & Beyond
- Bed Bath & Beleaguered
- Foolish Forecast: Bed Bath & Beyond's New Year
- What's Ahead for Bed Bath & Beyond?
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.
Curious to know if Stock Advisor recommendation Bed Bath & Beyond is beating the market? Then come take a 30-day risk-free trial to find out, and to see why it's the best-performing newsletter of the bunch.
Bed Bath & Beyond is also an Inside Value selection.
At the time of publication, David Meier did not own shares in any of the companies mentioned. Fool rules for disclosure are here.