After the market closed Nov. 13, retailer Dick's Sporting Goods
- Sales grew 21.6% to $708.3 million, while same-store sales jumped an impressive 8.9%. Galyan's stores purchased last year are now being included in comparable-store calculations.
- Management raised full-year earnings guidance to $1.95 to $1.98 from $1.84 to $1.88 and expects store comps to increase 6% for 2006.
- Dick's announced it is acquiring Golf Galaxy
(NASDAQ:GGXY) for $18.82 per share.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Sales |
$708,343 |
$582,665 |
21.6% |
Net Profit |
$7,795 |
$4,183 |
86.3% |
EPS |
$0.14 |
$0.08 |
75.0% |
Diluted Shares |
55,437 |
53,947 |
2.8% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
27.01% |
26.34% |
0.67 |
Operating Margin |
2.20% |
1.87% |
0.33 |
Net Margin |
1.10% |
0.72% |
0.38 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$35,137 |
$32,009 |
9.8% |
Accounts Rec. |
$62,922 |
$55,366 |
13.6% |
Inventory |
$787,103 |
$674,877 |
16.6% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$384,727 |
$332,446 |
15.7% |
Long-Term Debt |
$282,735 |
$383,426 |
(26.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$5,949 |
($72,384) |
N/A |
Capital Expenditures |
$136,175 |
$93,716 |
46.1% |
Free Cash Flow |
($130,226) |
($166,100) |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
Big 5 Sporting Goods
(NASDAQ:BGFV) -
Cabela's
(NYSE:CAB) -
Gander
Mountain
(NASDAQ:GMTN) -
Hibbett Sporting Goods
(NASDAQ:HIBB)
Related Foolishness:
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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.