On Nov. 9, Pacific Sunwear of California (NASDAQ:PSUN) released third-quarter earnings for the period ended Oct. 28, 2006.
- Sales dropped by 0.5% to $375.4 million because of a 6.7% decrease in same-store sales.
- Earnings per share dropped by 75.9% to $0.13 because of an inventory write-down charge of $0.10 per diluted share, primarily for footwear and accessory categories, and stock compensation and pre-opening rent expenses of $0.03 per diluted share.
- Out of 153 investors, 135 rate PacSun an "outperform" in The Motley Fool's new stock-rating service, CAPS. If you've got an opinion, bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$375.4 |
$377.5 |
(0.5%) |
|
Net Profit |
$9.0 |
$40.5 |
(77.8%) |
|
EPS |
$0.13 |
$0.54 |
(75.9%) |
|
Diluted Shares |
69.6 |
75.3 |
(7.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
28.3% |
38.3% |
(9.9) |
|
Operating Margin |
3.7% |
16.8% |
(13.2) |
|
Net Margin |
2.4% |
10.7% |
(8.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$55.5 |
$121.0 |
(54.2%) |
|
Inventory |
$252.7 |
$243.5 |
3.8% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$77.9 |
$46.7 |
66.8% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$85.6 |
$87.3 |
(2.0%) |
|
Capital Expenditures |
$107.1 |
$77.8 |
37.6% |
|
Free Cash Flow |
($21.5) |
$9.5 |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Abercrombie & Fitch (NYSE:ANF)
- Tween Brands (NYSE:TWB)
- Charlotte Russe (NASDAQ:CHIC)
Related Foolishness:
Pacific Sunwear is a Motley Fool Stock Advisor selection. To see which other stocks are making Tom and David Gardner's list, take a 30-day free trial of the newsletter.
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