On Nov. 15, Men's Wearhouse
- Sales increased by 9.5% to $430.1 million.
- Net income increased by 32% to $31.8 million, thanks to solid top-line growth and better margins.
- The corporate apparel division announced two major multiyear contracts from U.S. Airways and Northwest Airlines. Aggregate contract revenues are estimated at $40 million for the next four years.
- For Q4, the company estimates diluted earnings per share at $0.72-$0.76.
(Figures in million, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$430.1 |
$392.7 |
9.5% |
|
Net Profit |
$31.8 |
$24.1 |
32% |
|
EPS |
$0.58 |
$0.44 |
31.8% |
|
Diluted Shares |
54.9 |
55.0 |
(0.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.1% |
40.2% |
2.9 |
|
Operating Margin |
11.3% |
8.8% |
2.6 |
|
Net Margin |
7.4% |
6.1% |
1.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$255.4 |
$97.6 |
161.7% |
|
Accounts Rec. |
No Data |
$17.7 |
No Data |
|
Inventory |
$481.9 |
$465.7 |
3.5% |
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Accounts Payable |
No Data |
$141.2 |
No Data |
|
Long-Term Debt |
$207.3 |
$130.0 |
59.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$50.8 |
$52.1 |
(2.6%) |
|
Capital Expenditures |
$47.6 |
$52.1 |
(8.7%) |
|
Free Cash Flow |
$3.3 |
$0.0 |
9491.2% |
Find out why Fools always follow the money.
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Related Foolishness:
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