On Oct. 26, 1-800-Flowers (NASDAQ:FLWS) released first-quarter 2007 earnings for the period ending Oct. 1, 2006.
- Both sales and per-share earnings exceeded analyst expectations, thanks to nearly 22% growth on the top line.
- Operating margin improved by nearly two points thanks to cost controls.
- Accordingly, management says that full-year guidance of 17% to 20% growth in sales and 100% growth in per-share earnings is still achievable.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|---|
|
Sales |
$132,670 |
$137,132 |
$112,765 |
21.6% |
|
Net Profit |
-- |
($7,419) |
($6,626) |
N/A |
|
EPS |
($0.12) |
($0.11) |
($0.10) |
N/A |
|
Diluted Shares |
65,195 |
65,088 |
0.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
39.97% |
40.82% |
(0.85) |
|
Operating Margin |
(7.88%) |
(9.87%) |
1.99 |
|
Net Margin |
(5.41%) |
(5.88%) |
0.47 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$9,698 |
$10,580 |
(8.3%) |
|
Accounts Rec. |
$19,993 |
$12,930 |
54.6% |
|
Inventory |
$74,535 |
$46,310 |
60.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$70,260 |
$70,790 |
(0.7%) |
|
Debt and Leases |
$124,888 |
$4,120 |
2931.3% |
Learn the ways of the balance sheet.
Cash Flow Checkup
|
Q1 2007* |
Q1 2006* |
Change | |
|---|---|---|---|
|
Cash From Ops. |
($45,095) |
($27,056) |
N/A |
|
Capital Expenditures |
$6,146 |
$7,196 |
(14.6%) |
|
Free Cash Flow |
($51,241) |
($34,252) |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Amazon (NASDAQ:AMZN)
- FTD Group (NYSE:FTD)
- Hallmark
- Martha Stewart Living (NYSE:MSO)
- RedEnvelope (NASDAQ:REDE)
- The Sharper Image (NASDAQ:SHRP)
Related Foolishness:
- 1-800-Flowers was in season in January...
- ...And blooming in April.
- If it still smells sweet today, you can thank Fannie May.
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.
Amazon is a Motley Fool Stock Advisor selection, and Martha Stewart Living is a former recommendation of the newsletter. Red Envelope is a former Hidden Gems pick.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out which stocks he owns by checking Tim's Fool profile. The Motley Fool's disclosure policy always adds up.
