- After the market close on Thursday, Nov. 9, department store operator Kohl's
(NYSE:KSS) released fiscal third-quarter earnings for the period ended Oct. 28. Here are the quick and dirty details for the quarter. - Sales grew 16.6% to $3.6 billion for the quarter, while same-store sales advanced an impressive 8.5%.
- Net income grew 45% to $225 million, while earnings per share advanced an astounding 51.1%, as the company also repurchased its shares.
- The sale of Kohl's credit card portfolio eliminated accounts receivable for the quarter; this also caused operating cash flow to jump considerably.
- For the full year, management increased its projected diluted earnings guidance from $3.04-$3.13 to $3.16-$3.24, while the fourth quarter outlook remain unchanged, calling for diluted earnings of $1.36-$1.42.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$3,550 |
$3,637 |
$3,119 |
16.6% |
|
Net Profit |
-- |
$225 |
$155 |
44.7% |
|
EPS |
$0.64 |
$0.68 |
$0.45 |
51.1% |
|
Diluted Shares |
-- |
330 |
347 |
(4.9%) |
Get back to basics with a look at the income statement.
Margin Checkup|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
37.09% |
36.26% |
0.83 |
|
Operating Margin |
10.16% |
8.57% |
1.59 |
|
Net Margin |
6.17% |
4.97% |
1.20 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$518 |
$133 |
290.1% |
|
Accounts Rec. |
$0 |
$1,492 |
n/a |
|
Inventory |
$3,251 |
$2,854 |
13.9% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,642 |
$1,330 |
(4.7%) |
|
Long-Term Debt |
$1,040 |
$1,040 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,391 |
$263 |
$2,127 |
|
Capital Expenditures |
$965 |
$690 |
$274 |
|
Free Cash Flow |
$1,426 |
($427) |
$1,853 |
Find out why Fools always follow the money.
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Dillard's
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(NASDAQ:SHLD) -
J.C. Penney
(NYSE:JCP)
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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.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
